Lahore, Pak Elektron Limited has scheduled its 68th Annual General Meeting (AGM) of Shareholders for Monday, April 29, 2024, in Lahore, with a series of items on the agenda including the adoption of Annual Audited Accounts for the year ended December 31, 2023, and the appointment of auditors.
The meeting aims to confirm the minutes of the previous AGM held on April 27, 2023, receive and adopt the company's Annual Audited Accounts for 2023 along with the Directors' and Auditors' Reports, and appoint auditors for the upcoming year until the next AGM, including fixing their remuneration. Additionally, the agenda includes addressing any other business with the chair's permission.
Share Transfer Books will remain closed from April 22, 2024, to April 29, 2024, for the facilitation of this meeting. Physical transfers or Central Depository System (CDS) Transaction IDs must be received at the company's registrar office, M/s Corplink (Pvt.) Limited, in Lahore by April 21, 2024, to be considered timely. Proxies for the meeting are required to be submitted no later than 48 hours before the meeting time, following specific requirements for validation.
The company has made provisions for shareholders unable to attend the meeting in person, allowing participation through a video link facility. This arrangement complies with directives from the Securities and Exchange Commission of Pakistan (SECP), ensuring broader access and participation. Shareholders interested in attending via video link must register their particulars at least 48 hours before the AGM.
Additionally, Pak Elektron Limited encourages shareholders holding physical shares to convert these into electronic form, aligning with section 72 of the Companies Act, 2017. This move is aimed at streamlining share management and facilitating easier participation in the AGM and future company engagements.
For further details, shareholders are directed to the company's official website and are reminded to update their address information if necessary to ensure they receive all relevant communications regarding the AGM and other important notices.