KASUR: Kohinoor Mills Limited has scheduled its 37th Annual General Meeting (AGM) for October 28, 2024, at its premises on Kasur. The meeting will commence, where shareholders will deliberate on several key agenda items.
The primary agenda for this year’s AGM includes the adoption of the Annual Audited Financial Statements for the fiscal year that concluded on June 30, 2024. Shareholders will review the comprehensive financial performance as documented in the Chairman’s Review, and the Directors’ and Auditors’ Reports. This standard review process is crucial for providing stakeholders with transparency and accountability regarding the company’s financial health and operational outcomes.
Additionally, the assembly will address the appointment of auditors for the forthcoming fiscal year, which ends on June 30, 2025, and will also decide on their remuneration. This appointment is vital for ensuring the continued integrity and thorough examination of the company’s financial practices.
According to information available from the Pakistan Stock Exchange (PSX), there is also a provision in the meeting’s schedule to discuss any other business that may arise, provided it has the approval of the Chair. This flexibility allows the company to address unforeseen matters efficiently, maintaining adaptability in its governance practices.
The AGM represents a fundamental aspect of corporate governance for Kohinoor Mills Limited, enabling shareholders to exercise their rights to information and decision-making on critical corporate matters.