Lahore: Saritow Spinning Mills Limited has issued a notice for its 40th Annual General Meeting, scheduled to be held on Wednesday, October 28, 2026, at 10:30 A.M., at their premises located at 06-Egerton Road, Opposite LDA Plaza, Lahore. This meeting will address both ordinary and special business matters that are crucial to the company’s operations.

The ordinary business on the agenda includes the confirmation of the minutes from the last Annual General Meeting held on September 19, 2025. Additionally, shareholders will receive and consider the adoption of the Annual Audited Accounts for the year ending June 30, 2026, along with the Directors' and Auditors' Reports. The appointment of auditors to hold office until the next Annual General Meeting will also be decided, along with the determination of their remuneration.

The special business will involve the ratification and approval of transactions conducted with related parties during the financial year ended June 30, 2026. Shareholders will also authorize the Board of Directors to approve any related party transactions for the financial year ending June 30, 2027, until the following Annual General Meeting. These transactions, as disclosed in the Financial Statements for the Year ended June 30, 2026 (Note No. 34.1), are set to be ratified and approved. The Board is further empowered to undertake upcoming transactions with related parties, including executing necessary documents and authorizing officers to implement resolutions.

According to information available from the Pakistan Stock Exchange (PSX), Saritow Spinning Mills Limited operates within the designated market category, engaging shareholders and stakeholders in pivotal decision-making processes during its Annual General Meetings.

The meeting will also entertain any other business matters with the Chair's permission, ensuring comprehensive discussions on the company's strategic direction.