Rawalpindi: Suhail Jute Mills Limited has announced a delay in the consideration of its financial results for the fiscal year ended June 30, 2024, due to the unavailability of the completed audit. According to information available from the Pakistan Stock Exchange (PSX), the board meeting that was scheduled for October 6, 2024, could not proceed with the financial agenda as planned.

The company has cited the delay in audit finalization as the primary reason for the postponement. An application for extending the date for the Annual General Meeting (AGM) has been filed with the Securities and Exchange Commission of Pakistan (SECP) to accommodate this delay. The application was registered under PUCA Registration Number 238797 on October 7, 2024.

This postponement highlights the challenges faced by Suhail Jute Mills in completing its financial audits on schedule. The new timeline for the AGM and the review of the financial results will be communicated to the shareholders and stakeholders as soon as the audit is completed and the new meeting schedule is established.