Karachi: Indus Dyeing and Manufacturing Company Limited has announced its 67th Annual General Meeting (AGM) will take place on October 28, 2024, at Karachi. The agenda includes the approval of audited financial statements for the fiscal year ending June 30, 2024, and the reappointment of auditors.
The company will address several key items during the meeting. Firstly, the minutes from the last AGM held on October 27, 2023, will be confirmed. There will also be a review and approval of the consolidated and unconsolidated financial statements for the year, accompanied by directors’ and auditors’ reports. According to information available from the Pakistan Stock Exchange (PSX), this meeting marks a pivotal annual gathering for stakeholders to assess the company’s financial health and strategic direction.
Further, the meeting will adhere to the stipulations of Section 223 of the Companies Act 2017, ensuring the availability of the annual financial statements, auditors’ report, directors’ report, and Chairman’s review report online, accessible via a provided web link and QR code.
Another significant point on the agenda is the reappointment of the company’s statutory auditors for the year ending June 30, 2025. The Board of Directors, following the recommendation of the Audit Committee, has proposed the reappointment of Messers Yousuf Adil, Chartered Accountants. This firm, being eligible, has offered themselves for re-appointment, reinforcing their ongoing relationship with Indus Dyeing and Manufacturing.
This AGM, crucial for the governance and future planning of the company, invites all stakeholders to participate and cast their votes on these essential matters.