Karachi, Nishat Chunian Power Limited has officially announced the date for its 16th Annual General Meeting (AGM), which is scheduled to take place on Monday, September 25, 2023, in Lahore. Shareholders and stakeholders are expected to convene to deliberate on significant matters crucial to the company's operations and financial outlook.
The AGM will address several key items on its agenda:
1. Confirmation of Previous Minutes: Shareholders will review and confirm the minutes of the 15th Annual General Meeting, held on September 06, 2022. This essential step ensures transparency and accountability in the company's proceedings.
2. Adoption of Audited Financial Statements: The audited financial statements of Nishat Chunian Power Limited for the fiscal year ending on June 30, 2023, will be presented for consideration and adoption. Alongside this, shareholders will have access to the Chairman's Review, Directors' reports, and Auditors' reports to provide a comprehensive overview of the company's financial health and performance.
3. Appointment of Auditors: Shareholders will make decisions regarding the appointment of auditors for the fiscal year ending on June 30, 2024, and the fixation of their remuneration. The current auditors, M/s Riaz Ahmad & Company, Chartered Accountants, have offered themselves for reappointment, and this will be subject to approval during the meeting.
4. Any Other Business: As customary in AGMs, attendees will have the opportunity to discuss any other pertinent business with the permission of the Chair, addressing potential additional matters relevant to the company's operations and strategies.
Furthermore, it is important to note that the Share Transfer Books of Nishat Chunian Power Limited will remain closed from September 18, 2023, to September 25, 2023, inclusive of both days. This temporary closure is a standard procedure to facilitate the management of shares and ensure the accuracy of records during the AGM proceedings.
The 16th Annual General Meeting of Nishat Chunian Power Limited is expected to be a significant event for shareholders, as it will provide insights into the company's financial standing, future plans, and overall corporate governance. Shareholders and stakeholders are encouraged to mark the date on their calendars and actively participate in the discussions that will shape the company's future direction.