Lahore: Shams Textile Mills Limited has scheduled its Annual General Meeting (AGM) for October 28, 2024, where shareholders will review and adopt the company’s audited financial statements for the year ended June 30, 2024. The meeting will take place in Lahore, with critical agenda items including the adoption of the financial reports and the appointment of auditors.

The primary focus of the AGM will be to receive, consider, and adopt the Audited Accounts, along with the Directors' and Auditors' reports for the past fiscal year. According to information available from the Pakistan Stock Exchange (PSX), these documents have been made available to shareholders and are accessible on the company's website through a dedicated link, ensuring transparency and compliance with the Companies Act 2017 and S.R.O No. 389(I)/2023.

Additionally, the meeting will address the appointment and remuneration of the company’s auditors, ensuring that Shams Textile Mills maintains its commitment to high standards of financial oversight.

The AGM is also set to include discussions on various other business matters, with the opportunity for shareholders to raise additional points with the permission of the Chair, highlighting the company’s openness to shareholder input in shaping its operational strategies.

The forthcoming AGM represents a significant annual milestone for Shams Textile Mills, providing a forum for stakeholders to assess the company’s performance and strategic direction.