Faisalabad: Masood Textile Mills Limited has announced its 42nd Annual General Meeting, scheduled to be held on Tuesday, October 27, 2026, at 11:00 A.M. The meeting will take place at the company's Registered Office, Universal House, located at 17/1 New Civil Lines, Bilal Road, Faisalabad. The agenda includes several key business matters that will be discussed among the members holding ordinary shares.

The first item on the agenda is to confirm the minutes of the previous Annual General Meeting, which was held on October 28, 2025. This standard procedure ensures continuity and transparency in the company's governance.

Shareholders will also receive, consider, and adopt the audited financial statements for the year ended June 30, 2026. This includes the Chairman's Review, the Directors' Report, and the Auditors' Report. According to information available from the Pakistan Stock Exchange (PSX), this procedural step is crucial for maintaining investor confidence and adhering to regulatory requirements.

The Board of Directors has recommended a cash dividend of 10.00% (Rs. 1.00 per ordinary share) for approval by the shareholders. This recommendation reflects the company's financial performance and commitment to providing returns to its shareholders.

Furthermore, the meeting will address the appointment of auditors for the financial year ending June 30, 2027. M/s Riaz Ahmad & Company, Chartered Accountants, are retiring but have expressed their willingness to be reappointed. The shareholders will consider their reappointment and fix their remuneration.

The meeting agenda allows for the consideration of any other business that may arise with the permission of the chair, ensuring that shareholders have the opportunity to address additional matters of interest or concern.