Karachi: Mirpurkhas Sugar Mills Limited has announced the agenda for its upcoming 61st Annual General Meeting, scheduled for January 21, 2026. This meeting is set to take place at the company’s registered office in Mirpurkhas, Sindh, and will also be accessible via video link conferencing. The agenda includes both ordinary and special business activities to be conducted during the meeting.
The ordinary business of the meeting will involve several key activities. Among them is the presentation and adoption of the audited accounts of the company for the year ending September 30, 2025. The meeting will also see the election of seven directors of the company, with the current board fixing the number of directors in accordance with Section 159(1) of the Companies Act, 2017. The retiring directors include Mr. Arif Dino Faruque, Mr. Aslam Faruque, Mr. Amer Faruque, Ms. Farzana Faruque, Mr. Hasan Reza Ur Rahim, Mr. Abdul Shakoor Shaikh, and Mr. Wasif Khalid. Additionally, the appointment of Kreston Hyder Bhiimji & Co. Chartered Accountants as auditors for the year 2025/26 will be considered, along with the determination of their remuneration.
The meeting will also address special business matters. Notably, shareholders will consider resolutions related to the disposal of equity shares held by the company in its associated entities, Cherat Cement Company Limited and Cherat Packaging Limited. According to information available from the Pakistan Stock Exchange (PSX), these resolutions will be conducted pursuant to Section 183 and other applicable provisions of the Companies Act, 2017, requiring necessary approvals and consents.
In addition, the AGM will ratify and approve transactions carried out with related parties and associated companies during the year ended September 30, 2025. The board of directors will seek authorization to approve similar transactions for the following year.
Shareholders are advised that the register of members will be closed from January 14, 2026, to January 21, 2026, and shares received before the close of business on January 13, 2026, will be eligible for the meeting. Proxies must be submitted 48 hours prior to the meeting.
The AGM will accommodate electronic voting and postal ballot options for shareholders, in line with the Companies (Postal Ballot) Regulations, 2018. This allows shareholders to participate in decisions involving special business and the election of directors. Details of the e-voting facility will be communicated to shareholders via email, while postal ballots must be received by January 20, 2026.
The agenda for the meeting and other related documents are available on the company’s website. Shareholders are encouraged to update their information with the company’s share registrar to ensure receipt of electronic communications and compliance with regulatory requirements.