Karachi: Ghandhara Industries Limited has announced its 61st Annual General Meeting (AGM) for shareholders, scheduled to take place on October 24, 2024, at Karachi. This meeting will address key corporate matters including the adoption of financial statements and the reappointment of auditors.
The agenda for this significant gathering involves the receipt, consideration, and adoption of the annual audited financial statements for the fiscal year ended June 30, 2024. These documents, along with the Chairman's Review and reports from the Directors and Auditors, are already accessible online as mandated by Section 223(7) of the Companies Act 2017. Interested parties can download these documents from the company's website.
Additionally, shareholders will vote on the appointment of the company’s auditors for the next fiscal year. ShineWing Hameed Chaudhri and Co. Chartered Accountants, who are the retiring auditors, have been nominated for reappointment for the year ending June 30, 2025. Their remuneration will also be determined during this meeting.
According to information available from the Pakistan Stock Exchange (PSX), Ghandhara Industries continues to engage its shareholders transparently by hosting the AGM where other ordinary business may also be transacted with the Chairman's permission.
This annual meeting underscores Ghandhara Industries' commitment to upholding strong corporate governance practices and engaging its stakeholders in the company’s operations and strategic direction.