Multan: Reliance Weaving Mills Limited has issued a notice for its 35th Annual General Meeting (AGM), scheduled to take place on Tuesday, October 28, 2025, at 3:00 pm. The meeting will be held at the 2nd Floor, Trust Plaza, L.M.Q. Road, Multan, as well as via video link, allowing broader participation from shareholders.
The AGM will address several important items on the agenda. The ordinary business includes confirming the minutes of the previous AGM held on October 28, 2024, and reviewing the audited financial statements for the year ending June 30, 2025. These statements will be accompanied by reports from both the auditors and directors, as well as a review from the Chairman. Additionally, the meeting will involve the appointment of auditors for the upcoming fiscal year ending June 30, 2026, with M/s. ShineWing Hameed Chaudhri & Co., Chartered Accountants, recommended for re-appointment.
Significant special business will also be conducted. This includes ratifying related party transactions disclosed in the financial statements for the year ended June 30, 2025. The shareholders will also vote on authorizing the Board of Directors to approve related party transactions during the financial year ending June 30, 2026. Moreover, shareholders’ consent is sought for investments in associated companies, including loans to Fatima Sugar Mills Limited, Reliance Commodities (Pvt.) Limited, Fatima Transmission Company Limited, Fazal Cloth Mills Limited, and Fatima Holding Limited, amounting to a total of PKR 1.30 billion.
In compliance with the Companies Act of 2017, the company will facilitate voting through electronic and postal ballots. The e-voting service will be available from October 23, 2025, to October 27, 2025. For shareholders opting for postal ballots, these must be received by October 27, 2025, during business hours.
The company will not distribute gifts or incentives at the meeting, in accordance with SECP directives. Furthermore, shareholders are reminded to ensure their CNICs and NTNs are up-to-date, as required by regulatory guidelines.
Reliance Weaving Mills Limited has made its audited financial statements accessible on its website from October 7, 2025, meeting the requirement to publish these documents at least 21 days before the AGM. Shareholders can also request a hard copy of the annual report.
According to information available from the Pakistan Stock Exchange (PSX), Reliance Weaving Mills Limited’s engagement with its stakeholders and the outlined agenda reflects its commitment to transparency and regulatory compliance. The AGM will also include the appointment of a scrutinizer to oversee the voting process for special business.
This meeting is significant for the company, as it continues to strengthen its corporate governance and engage with its shareholders effectively.