Karachi: Tri-Pack Films Limited has issued a notice for an Extraordinary General Meeting (EoGM) scheduled for October 04, 2024. The meeting aims to elect seven directors for a three-year term, adhering to the Companies Act, 2017 requirements. This hybrid event will be held at the Auditorium, Institute of Chartered Accountants of Pakistan in Karachi and virtually via Zoom, reflecting ongoing digital adaptation in corporate governance.
The agenda includes confirming the minutes of the last Annual General Meeting and electing board members. The current directors, eligible for re-election, are Mr. Asghar Abbas, Syed Babar Ali, Syed Hyder Ali, Mr. Khurram Raza Bakhtayari, Ms. Nermeen Towfiq Chinoy, Mr. Asif Qadir, and Mr. Saquib Hussain Shirazi. According to information available from the Pakistan Stock Exchange (PSX), the meeting complies with the latest regulatory frameworks ensuring a fair and transparent election process through postal ballot if necessary.
The notice detailed statutory requirements and procedural norms for shareholders, including proxy appointment and ID verification, ensuring compliance with the Securities and Exchange Commission of Pakistan's guidelines. The company also emphasized the statutory code of conduct that shareholders are expected to follow during the EoGM.
This EoGM is crucial for Tri-Pack Films as it continues to navigate the complexities of corporate governance under new regulatory standards. The company has taken significant steps to facilitate shareholder participation and compliance, setting a robust precedent for corporate practices in Pakistan's evolving market landscape.