Multan: Mahmood Textile Mills Limited has scheduled an Extraordinary General Meeting (EOGM) for Saturday, January 31, 2026, at 11 a.m., to be held at the company's registered office, Mehr Manzil, Lohari Gate, Multan. The key agenda is the election of eight directors for a three-year term, replacing seven retiring directors.
The board has fixed the election of eight directors in accordance with Section 159 of the Companies Act, 2017. The retiring directors include Khawaja Muhammad Ilyas, Khawaja Muhammad Younus, Khawaja Muhammad Muzaffar Iqbal, Mst. Farah Ilyas, Mr. Muhammad Anees, Mr. Abdul Rehman Qureshi, and Mr. Muhammad Asghar. The share transfer books will be closed from January 23 to January 31, 2026, and any transfers must be received by January 22, 2026, to be eligible for voting.
According to the notice, any member intending to contest the election must submit their intention and required documents at least fourteen days before the meeting. The company's website provides proxy forms in both English and Urdu for members who wish to appoint a proxy to attend and vote on their behalf.
The company has appointed M/s Crowe Hussain Chaudhury & Co., Chartered Accountants, as the scrutinizer for voting purposes, ensuring compliance with the Companies (Postal Ballot) Regulations, 2018. In addition, shareholders have the option to participate via video link, provided they hold at least 10% of the total paid-up capital.
The Pakistan Stock Exchange (PSX) has been informed of these developments. According to information available from the Pakistan Stock Exchange (PSX), Mahmood Textile Mills Limited is ensuring compliance with all regulatory requirements, including the conversion of physical shares into electronic book entry form and the prohibition of gifts or incentives during the meeting.
The EOGM will also address unclaimed dividends and shares as per Section 244 of the Companies Act, 2017, and encourage shareholders to update their CNICs and International Bank Account Numbers (IBAN) with the company's share registrar.
To facilitate shareholder engagement, the company has detailed procedures for postal voting and participation via video link on its website, ensuring that members can exercise their rights effectively.