Lahore: Shahtaj Textile Limited has announced the convening of its 36th Annual General Meeting (AGM), scheduled to take place on October 27, 2025, at 11:30 AM at the PC Hotel, Shahrah-e-Quaid-e-Azam, Lahore. The meeting will address several key agendas, including the confirmation of minutes from the previous AGM held on October 24, 2024, and the consideration and adoption of the audited financial statements for the year ending June 30, 2025.

Among the prominent items on the agenda is the proposal to approve a cash dividend of 55% or Rs.5.50 per share for the financial year ended June 30, 2025, as recommended by the company's directors. Shareholders will also be tasked with appointing auditors for the 2025-2026 financial year, with M/s. Yousuf Adil, Chartered Accountants, offering themselves for reappointment.

The meeting will further discuss special business, including a proposed amendment to Article 65 of the company's Articles of Association to increase the remuneration for directors attending board and committee meetings from Rs.50,000 to Rs.75,000 per meeting.

According to information available from the Pakistan Stock Exchange (PSX), the textile sector, under which Shahtaj Textile Limited operates, remains a significant component of the market. The AGM will also address other ordinary business matters with the chair's permission.

The company's register of members will remain closed from October 18, 2025, to October 27, 2025, inclusive. Transfers completed by the company's share registrar by the close of business on October 17, 2025, will be eligible for registration and participation in the meeting.

Shareholders may attend the meeting in person or appoint proxies to vote on their behalf. For those unable to attend physically, the company offers the option to participate via video conferencing, with prior registration required.

The company emphasizes the importance of updating tax information with the Federal Board of Revenue to ensure accurate withholding tax deductions on dividends, with rates set at 15% for those on the Active Taxpayers List and 30% for those not listed.

Additionally, shareholders are encouraged to convert physical shares to book entry form as mandated by Section 72 of the Companies Act, 2017, and to utilize electronic voting facilities available for special business items.

The meeting will conclude without the distribution of gifts to shareholders, in compliance with SECP regulations.