Karachi: Premium Textile Mills Limited has scheduled its Annual General Meeting (AGM) for October 28, 2025, at 3:00 pm. The meeting will take place at the company's registered office on the 1st Floor of Haji Adam Chamber, Altaf Hussain Road, Karachi, with an option for shareholders to participate via video link. This announcement was made on October 6, 2025, and is set for publication in the Karachi editions of "Business Recorder" and "DAILY AMN" on October 7, 2025.
The AGM will address several key agenda items as part of its ordinary business. Shareholders will be asked to confirm the minutes from the previous AGM held on October 25, 2024. They will also consider and adopt the audited financial statements, along with the Director's Report, Auditor's Report, and Chairman Review Report for the fiscal year ending June 30, 2025. Notably, the board recommends a final cash dividend of 20%, equivalent to Rs. 2.00 per share, for approval.
In addition to these items, the appointment of external auditors for the next financial year, concluding on June 30, 2026, will be discussed. M/s Rahman Sarfaraz Rahim Iqbal Rafiq Chartered Accountants, the current auditors, are eligible and have offered themselves for re-appointment.
According to information available from the Pakistan Stock Exchange (PSX), Premium Textile Mills Limited is categorized under the textile sector, a significant component of Pakistan’s manufacturing industry. The company has also adopted measures to facilitate shareholder participation in the AGM through electronic means, following clarification from the Securities and Exchange Commission of Pakistan.
The share transfer books of the company will be closed from October 21 to October 28, 2025. Transfers received by M/s F.D. Registrar Services (Private) Limited, located on the 17th Floor of Saima Trade Tower-A, I.I Chundrigar Road, Karachi, by the close of business on October 20, 2025, will be eligible for voting at the meeting.
Additionally, the company has urged shareholders holding physical shares to convert them into a Book Entry Form as per the regulatory requirements of the Securities and Exchange Commission of Pakistan. Shareholders must also update their mandatory information, including CNIC number, address, and contact details, with the company's registrar.
In compliance with regulatory mandates, no gifts will be distributed at the AGM, as specified by SRO 452 dated March 17, 2025.