AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Amreli Steels Limited has scheduled an Extraordinary General Meeting (EOGM) for July 30, 2024, to elect new directors and introduce digital voting options for shareholders.
The meeting, set to take place at the Auditorium Hall of the Institute of Chartered Accountants of Pakistan (ICAP) in Clifton, Karachi, will focus on electing seven directors as determined by the company’s Board of Directors. This is in accordance with the provisions of Section 159(1) of the Companies Act, 2017. The nominated directors up for re-election include Mr. Abbas Akberali, Mr. Zafar Ahmed Taji, Mr. Badar Kazmi, Mr. Teizoon Kisat, Mr. Shayan Akberali, Mr. Hadi Abbas Akberali, and Ms. Mariam Akberali.
According to information available from the Pakistan Stock Exchange (PSX), shareholders will also have the option to participate in the EOGM through a video link, reflecting the company’s commitment to leveraging technology to facilitate greater shareholder engagement. This comes in response to circulars notified by the Securities and Exchange Commission of Pakistan (SECP), allowing digital participation.
Notices about the meeting will be published in “The Daily Dawn” and “Daily Express” on July 8, 2024. Furthermore, the company will implement e-voting and postal ballot options for this election, providing flexibility for shareholders to cast their votes either electronically or by post, as per the Companies (Postal Ballot) Regulations, 2018.
This proactive approach by Amreli Steels aims to streamline the election process and ensure robust participation from shareholders amid evolving corporate governance standards.