Lahore: Shahjaj Textile Limited has scheduled its 35th Annual General Meeting (AGM) for October 24, 2024, at the PC Hotel in Lahore, starting. The meeting will focus on several key items, including the approval of financial statements and a cash dividend proposal, alongside the reappointment of auditors.

The company has announced that the AGM will address the confirmation of minutes from the Extra Ordinary General Meeting that took place on March 6, 2024. Additionally, shareholders will review the audited financial statements for the fiscal year that concluded on June 30, 2024, which have been prepared in conjunction with the company’s auditors and directors.

A significant point of interest for shareholders is the proposed cash dividend of 10%, amounting to Rs. 1 per share for the fiscal year ending June 30, 2024. This recommendation comes directly from Shahjaj Textile’s Board of Directors.

Further, the AGM will include the reappointment of the company’s auditors, M/s. Yousuf Adil, Chartered Accountants, who are standing for re-election for the fiscal year 2024-2025. The auditors, having declared their eligibility, have been recommended for reappointment by the board.

According to information available from the Pakistan Stock Exchange (PSX), this annual gathering will also provide a platform for any other ordinary business as permitted by the chair.

This meeting is a critical event for Shahjaj Textile, allowing shareholders to make decisive contributions to the company’s governance and future direction.