Lahore: Zephyr Textiles Limited has scheduled an Extraordinary General Meeting (EGM) for Friday, 16th August 2024, at 10:30AM at the company's registered office on the 3rd floor of the IEP building, 97 B/D-I, Gulberg III, Lahore. The agenda includes the confirmation of minutes from the previous Annual General Meeting and the election of seven directors for a three-year term, in accordance with the Companies Act 2017.
The names of the retiring directors eligible for re-election include Mr. Mussaid Hanif, Mr. Arbab Muhammad Khan, Mr. Rana Kamal Ud Din, Ms. Tehniyat Mussaid, Ms. Sabah Burhan, Ms. Sarah Naviwala, and Ms. Nuzhat Kamran. The meeting will also allow for the transaction of any additional business approved by the Chair.
According to information available from the Pakistan Stock Exchange (PSX), the company’s Share Transfer Books will remain closed from 10th August to 16th August 2024, during which no share transfers will be registered. Preference shareholders are noted as not entitled to attend the meeting.
Zephyr Textiles has also made provisions for members to attend the meeting virtually. Members interested in attending via video link are required to register by 14th August 2024, providing necessary identification and contact information. Detailed guidelines are available for both attending in person and appointing proxies, ensuring compliance with regulations set forth by the Securities and Exchange Commission of Pakistan.
The EGM is crucial for the company’s governance as it includes the election of directors under specific categories: one female director, two independent directors, and four other directors. Candidates intending to contest the election must submit their nominations by 2nd August 2024, accompanied by necessary documentation as per the Companies Act and the Listed Companies (Code of Corporate Governance) Regulations, 2019.
Zephyr Textiles emphasizes the importance of member participation in the upcoming EGM to effectively decide on key governance and strategic directions for the company. Members seeking further information or facing any issues can reach out to the corporate affairs email or visit the company’s official website.