Karachi: Sapphire Fibres Limited has announced the scheduling of its 45th Annual General Meeting (AGM) for October 28, 2024, to discuss and approve corporate affairs including the audited financial statements for the year ended June 30, 2024. The meeting will confirm the minutes from the previous AGM held on October 26, 2023, and address the approval of the final dividend for the year.

According to information available from the Pakistan Stock Exchange (PSX), the AGM notice and ballot papers, as per the Companies (Postal Ballot) Regulations, 2018, have been published in the "Business Recorder" and "Nai Baat" newspapers today. These documents are also accessible on the company's official website.

The shareholders of Sapphire Fibres will have the opportunity to engage in e-voting in compliance with regulation 4 of the Companies (Postal Ballot) Regulations, 2018. This electronic voting facility aligns with applicable laws to facilitate shareholder participation in the corporate governance process.

The agenda for the upcoming meeting includes the adoption of the financial statements for the fiscal year that concluded on June 30, 2024, accompanied by the Chairman's Review, and the Directors' and Auditors' Reports. These documents have been made available for review and download on the company’s website as mandated by Section 223 of the Companies Act, 2017, and the specific directive S.R.O. 389(1)/2023 dated March 21, 2023.

Additionally, the meeting will cover the reappointment of the company’s current auditors, M/s Shinewing Hameed Chaudhri and Co., Chartered Accountants, who are eligible and have offered themselves for reappointment for the next fiscal year ending June 30, 2025.