Karachi: Sunrays Textile Mills Limited has announced the upcoming 35th Annual General Meeting (AGM), scheduled to take place on Tuesday, October 27, 2026, at 4:30 P.M. The meeting will be held at the premises of Indus Dyeing & Manufacturing Company Limited, located in the Korangi Industrial Area of Karachi.
The agenda for the AGM includes several key items under ordinary and special business. Among the ordinary business, shareholders will be asked to confirm the minutes of the previous AGM, held on October 28, 2025. Additionally, they will review and approve the audited consolidated and unconsolidated financial statements for the financial year ended June 30, 2026. This will include the Directors' and Auditors' Reports and the Chairman's Review Report.
A significant point of business will be the appointment of statutory auditors for the financial year ending June 30, 2027. The Board of Directors, upon the recommendation of the Audit Committee, has proposed the reappointment of the current auditors, Messers Yousuf Adil, Chartered Accountants, who have expressed their willingness to continue their role.
Furthermore, the meeting will address special business matters, particularly those involving transactions with related parties. Shareholders will be asked to ratify transactions made during the fiscal year ending June 30, 2026, as disclosed in Note No. 40 of the financial statements. Another resolution seeks approval for potential related party transactions for the upcoming fiscal year 2026-2027. The Board of Directors is authorized to manage these transactions at its discretion, subject to transparency and subsequent shareholder approval at the next AGM.
According to information available from the Pakistan Stock Exchange (PSX), this AGM is part of the company's ongoing efforts to maintain transparency and shareholder engagement in its operations.
Finally, the meeting will conclude with any other business deemed necessary by the chair. The designated market category for Sunrays Textile Mills Limited is not specified in the announcement.