Islamabad: Pak Agro Packaging Limited announced a crucial Board of Directors meeting scheduled for September 12, 2024, at the company's headquarters in Islamabad. The meeting's agenda includes a series of corporate governance and financial discussions crucial for the company's future operations and compliance with Pakistan Stock Exchange regulations.
The meeting will cover several key items: granting leave of absence, approving the minutes of the previous board meeting held on April 26, 2024, and reviewing related party transactions. One of the significant points on the agenda is the approval of the Annual Audited Financial Statements for the fiscal year ended June 30, 2024. Additionally, the board will address the appointment and remuneration of External Auditors for the fiscal year ending June 30, 2025.
Further discussions will focus on the upcoming 4th Annual General Meeting (AGM), specifically the determination of its date, time, and venue, along with the approval of the notice for the AGM. The board will also be briefed on the election of its members scheduled for the upcoming AGM.
According to information available from the Pakistan Stock Exchange (PSX), the company has also declared a "Closed Period" from September 4, 2024, to September 12, 2024, during which no Director, CFO, or Executive is permitted to deal directly or indirectly in the company’s shares.
The agenda also includes a point to discuss any additional matters that may be presented with the chair's permission, ensuring comprehensive coverage of the company's needs and regulatory obligations. This meeting is a pivotal moment for Pak Agro Packaging Limited as it continues to align its corporate strategies with shareholder interests and regulatory standards.