Karachi: Loads Limited has officially announced its 45th Annual General Meeting (AGM) scheduled for October 24, 2025. The event will take place at 10:00 a.m. at Plot No. DSU-19, Sector II, Pakistan Steel Industrial Estate Bin Qasim in Karachi and will also be accessible via a video link facility.
The AGM aims to address several key points of ordinary business. Primarily, the minutes of the Extraordinary General Meeting held on October 24, 2024, will be confirmed. Additionally, the audited financial statements for the year ending June 30, 2025, along with the accompanying Directors' and Auditors' Reports, are set to be received, considered, and adopted. The appointment of external auditors for the coming fiscal year ending June 30, 2026, will also be discussed, with M/S Yousaf Adil & Co Chartered Accountants nominated for the position.
The company has opened the floor for resolutions that seek to ratify and approve transactions conducted in the normal course of business with associated companies during the year ending June 30, 2025. Moreover, authorization for the Chief Executive to manage transactions with associated companies for the upcoming year will be sought.
For shareholders, the company has announced the closure of share transfer books from October 17, 2025, to October 24, 2025. Transfers received in the appropriate form at the company's Share Registrar by October 16, 2025, will be considered timely for meeting attendance and voting purposes.
In alignment with regulatory amendments, the company will also provide an electronic voting facility and postal ballot for special business agenda items. The e-voting window will open on October 17, 2025, and close on October 23, 2025, offering shareholders an accessible voting option.
According to information available from the Pakistan Stock Exchange (PSX), shareholders are reminded to ensure their claims for any unclaimed dividends and shares are lodged promptly, as the company will transfer unclaimed amounts to the Federal Government if no claim is filed.
The AGM will adhere to the SECP's guidelines prohibiting the distribution of gifts to members, underscoring compliance with Section 185 of the Companies Act, 2017. Queries regarding participation and the meeting's logistics can be directed to the company's designated email.
The designated market category for this announcement falls under corporate governance and shareholder engagement, reflecting Loads Limited's commitment to maintaining transparent and structured communication with its stakeholders.