Karachi: Haji Mohammad Ismail Mills Ltd has scheduled its 44th Annual General Meeting (AGM) for October 24, 2024, at the Commerce Centre, Karachi. Shareholders are set to convene at 10:45 a.m. to deliberate on financial statements, auditor appointments, and a new digital distribution method for company reports.

The meeting agenda includes the adoption of financial statements for the fiscal year ended June 30, 2024, and the ratification of auditors' reports. Additionally, shareholders will vote on reappointing auditors for the year ending June 30, 2025, with Ms. Naveed Zafar Ashfaq Jaffery and Co. Chartered Accountants poised for reelection.

A notable resolution under special business will seek shareholder approval to circulate annual financial statements through digital means such as QR enabled code and web link, adapting to modern digital communication standards as per SECP vide SRO.389/1/2023 dated 21.3.2023.

According to information available from the Pakistan Stock Exchange (PSX), the share transfer books of Haji Mohammad Ismail Mills will be closed from October 16, 2024, to October 24, 2024, to facilitate the meeting process. Shareholders wishing to attend must register proxies no later than 48 hours before the meeting and are reminded to bring necessary identification for entry.

In compliance with the Companies Act 2017 and the Companies (Distribution of Dividends) Regulations 2017, the company has also requested shareholders to update their bank details and contact information to facilitate electronic communication and dividends distribution.

This AGM represents a significant step for Haji Mohammad Ismail Mills Ltd in enhancing transparency and accessibility through technology, further integrating digital solutions in corporate governance and shareholder engagement.