Lahore: Jubilee Spinning & Weaving Mills Limited has announced the scheduling of its 53rd Annual General Meeting (AGM), set to occur on October 22, 2026, at 10:30 a.m. The meeting will take place at the company's registered office located at 503-E, Johar Town, Lahore, and is intended for shareholders to discuss and approve various business transactions.
The agenda for the AGM includes the presentation and adoption of the audited financial statements for the fiscal year ending June 30, 2026, along with the Directors' and Auditors' Reports. Furthermore, the meeting will address the appointment of auditors for the upcoming year. The Board of Directors, following the recommendation of the Board Audit Committee, has proposed the reappointment of M/s. Junaidy Shoaib Asad, Chartered Accountants, who have expressed willingness to continue their services.
Additionally, shareholders in attendance will have the opportunity to transact any other business matters that arise with the permission of the Chair. In accordance with the company's protocol, shareholders planning to attend the meeting must provide their identification details, including name, CNIC number, folio CDC account number, cell number, and email ID. Upon receipt of this information, the company will issue login credentials for virtual participation in the AGM.
Proxy voting is available for members who are unable to attend the meeting in person. Proxies must be received by the company no later than 48 hours before the AGM. It is mandatory for the proxy to also be a member of Jubilee Spinning & Weaving Mills Limited.
In alignment with the Securities and Exchange Commission of Pakistan’s directives, the company urges shareholders with physical share certificates to convert them into electronic form via the Central Depository Company (CDC) system. This transition is expected to streamline share management for investors.
Moreover, a video conference facility will be arranged for shareholders residing in a city where members holding at least 10% of the total shareholding express interest in participating via this means. Participants are required to submit their requests at least seven days prior to the meeting date.
According to information available from the Pakistan Stock Exchange (PSX), the meeting’s outcomes may potentially impact market activities. However, the specific market effects will depend on the decisions made during the AGM.
The company emphasizes the importance of shareholder participation, as it facilitates informed decision-making and contributes to the overall governance of Jubilee Spinning & Weaving Mills Limited.