KARACHI: International Knitwear Limited has scheduled its 34th Annual General Meeting (AGM) for October 26, 2024, to be held at its registered office in Karachi, the company announced today. The meeting is set to review financial statements and appoint auditors among other agenda items.

The AGM will confirm the minutes of the previous year's meeting, held on October 27, 2023. Attendees will also receive and approve the audited financial statements for the fiscal year ending June 30, 2024. The board will propose a final cash dividend of 7.5%, equivalent to PKR 0.75 per share.

Further resolutions include the appointment of auditors RSM Avais Hyder Liaquat Nauman, whose current term is concluding, and the election of seven directors for a three-year term. These directors, being reappointed or newly entering, are pivotal to International Knitwear’s governance structure.

According to information available from the Pakistan Stock Exchange (PSX), a special item on the AGM’s agenda will be the approval for the electronic circulation of the Annual Report to shareholders. This initiative involves the use of QR codes and web links, aligning with recent regulatory updates mandated in March 2023 under the Companies Act, 2017.

This forthcoming meeting underscores International Knitwear Limited’s commitment to transparency and compliance with Pakistani corporate governance standards. Shareholders and potential investors are encouraged to participate and review the company’s comprehensive reports available online.