Karachi: Hi-Tech Lubricants Limited has scheduled its 16th Annual General Meeting (AGM) for October 26, 2024, as announced in recent corporate filings with the Pakistan Stock Exchange. The meeting will convene at the Lahore Chamber of Commerce and Industry auditorium.

Shareholders of Hi-Tech Lubricants will gather to discuss several critical agenda items during the 16th AGM. Among the key topics slated for review are the company's annual financial statements for the year ended June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), the directors will also propose reappointment audits and director fees, highlighting the company’s compliance with regulatory frameworks and its commitment to transparent governance.

Further, the meeting will see a vote on the re-election of board members. The proposed list of directors eligible for re-election includes Mr. Shaukat Hassan, Mr. Hassan Tariq, Mr. Muhammad Al Hassan Ali, Ms. Mariya Tahir, Mr. Farrukh Aziz Qadi, Mr. Nauman Qureshi, Mr. Shafqat Rehman, Mr. Safdar Butt, and Mr. Syed Abbas Hussain. The eligibility of these directors aligns with section 159 of the Companies Act, 2017, governing board member tenures for a three-year period beginning October 26, 2024.

The notification also invites shareholders who are unable to attend in person to participate via live video link, ensuring broad accessibility and participation in the decision-making process.