Karachi: Invest Capital Investment Bank Limited has scheduled its 32nd Annual General Meeting (AGM) for October 25, 2024, at Karachi. The announcement, issued on October 3, 2024, details preparations for this key shareholder gathering where the bank's financial health and strategy will be scrutinized.

According to information available from the Pakistan Stock Exchange (PSX), the AGM agenda includes the confirmation of minutes from the Extraordinary General Meeting held in September 2024, and the adoption of the audited financial statements for the year ended June 30, 2024. These statements will also be accessible via the bank’s official website.

Additionally, the AGM will address the reappointment of auditors for the upcoming fiscal year. M/S RSM Avais Hyder Liaquat Nauman, Chartered Accountants, are poised for reappointment with their consent to act as external auditors for the year 2024-2025.

A significant resolution under consideration involves authorizing the distribution of annual audited financial statements through digital means. This move, enabled by a QR code and web link in compliance with SECP Notification S.R.O. 389(I)/2023, reflects a shift towards modernized shareholder communication practices.

The AGM will conclude with any other business that may arise, subject to the chair's permission. This forthcoming meeting marks a crucial point for Invest Capital as it navigates a challenging economic landscape and seeks to reassure its investors about future strategies.