Karachi: Sapphire Textile Mills Limited has officially scheduled its 58th Annual General Meeting (AGM) for Wednesday, October 28, 2026, at 4:00 p.m. The meeting will take place at Theatre Hall "A" of the Institute of Business Administration (IBA) City Campus on Kayani Shaheed Road, Karachi, and will also be accessible via video conferencing.

The AGM will address several key items of business. Participants will confirm the minutes from the prior Extra Ordinary General Meeting, followed by a review and approval of the Audited Financial Statements for the fiscal year ending June 30, 2026. This includes the Chairman's, Directors', and Auditors' Reports. The financial statements have been made available on the company's website, in compliance with Section 223 of the Companies Act, 2017, and S.R.O. 389(1)/2023 dated March 21, 2023.

A significant agenda item is the approval of the final dividend for the year concluded on June 30, 2026, as recommended by the Board of Directors. In addition, the company will appoint auditors for the fiscal year ending June 30, 2027, proposing the reappointment of M/s. Shinewing Hameed Chaudhri & Co., Chartered Accountants, following their eligibility for reappointment.

Special resolutions will be considered regarding related party transactions, as outlined in note 44 of the unconsolidated financial statements for the year ended June 30, 2026. The Board of Directors is poised to receive authorization to approve related party transactions on a case-by-case basis for the financial year ending June 30, 2027. These transactions will subsequently require formal ratification by shareholders in the next AGM.

The meeting will conclude with the transaction of any other business, subject to the chair's permission.

According to information available from the Pakistan Stock Exchange (PSX), Sapphire Textile Mills Limited is categorized under the designated market category for textile sector companies.