LAHORE: Suraj Cotton Mills Limited has scheduled its 40th Annual General Meeting (AGM) for October 28, 2024, in Lahore, where shareholders will review the annual audited accounts for the year ended June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), the meeting will include the adoption of financial statements and a proposal for a final cash dividend.

The company has recommended a final cash dividend of Rs. 5 per share, equating to a 50 percent payout for the fiscal year, a decision that aligns with its consistent return policy. The AGM will also include the appointment of auditors and the approval of their remuneration, fulfilling statutory requirements under Section 223 of the Companies Act 2017 and S.R.O No. 389(I)/2023 dated March 21, 2023.

In preparation for the AGM, Suraj Cotton Mills has made its annual report available to shareholders. The report, including the notice of the meeting and financial statements, has been uploaded to the company's website and can be accessed via a direct link or QR code provided in their public notice.

This year's AGM will also address any additional business that may arise, with the permission of the chair, ensuring comprehensive engagement with the shareholders. The designated market category for this event has been clearly outlined to maintain transparency and regulatory compliance.