KARACHI: Jubilee Spinning & Weaving Mills Limited has announced its 51st Annual General Meeting (AGM) to be held on October 25, 2024, at Lahore. The agenda includes approval of financial statements for the year ended June 30, 2024, and the reappointment of auditors.

The shareholders will also deliberate on a proposed shift of the registered office from Johar Town to the mill premises at Karachi. The move, recommended by the company's board of directors, requires shareholders' approval under the Companies Act 2017.

According to information available from the Pakistan Stock Exchange (PSX), the company's financial statements and auditors' reports will be discussed, and shareholders will vote on the reappointment and remuneration of the auditors. Moreover, the board proposes that the company’s Chief Executive Officer and the Company Secretary be jointly and severally authorized to perform all acts necessary to effectuate the office shift.

Shareholders interested in participating via electronic means must register by October 18, 2024, providing necessary information including name, contact details, and CDC account number. Proxies for voting can be appointed up to 48 hours before the meeting.

The notice also advises shareholders that the members' register will be closed from October 18 to October 25, 2024, for proxy appointment and record finalization purposes.