Lahore: Notice is hereby given that the Annual General Meeting (AGM) of the shareholders of Nishat (Chunian) Limited will be held on October 28, 2024, at the company's registered office in Lahore. The meeting is scheduled to commence.

The AGM will cover several key items of business. First on the agenda is the confirmation of the minutes from the previous Annual General Meeting held on April 16, 2024, and the Extraordinary General Meetings that followed on August 17, 2024. This will be essential in maintaining the continuity and record of the company’s formal gatherings.

Following the initial formalities, the shareholders will be presented with the Annual Audited Financial Statements for the year, both Separate and Consolidated, for consideration and adoption. This is a crucial aspect of the meeting, providing shareholders with insights into the financial health and operations of the company over the past fiscal year.

Additionally, the meeting will address the appointment of auditors and the fixation of their remuneration. According to information available from the Pakistan Stock Exchange (PSX), the Audit Committee and the Board of Directors have endorsed the reappointment of the incumbent auditors, M/s Riaz Ahmad and Company, Chartered Accountants. This recommendation suggests continuity in the company’s auditing processes, pending shareholder approval.

The designated market category for this meeting is Corporate Governance, reflecting the structural and regulatory decisions typical of an AGM. These proceedings are crucial for ensuring that the company adheres to both internal standards and external legal requirements.

The upcoming AGM represents a significant event for the shareholders of Nishat (Chunian) Limited, providing them with the opportunity to engage directly with the company’s leadership on critical decisions affecting its future direction and accountability.