Lahore: Berger Paints Pakistan Limited has scheduled its 74th Annual General Meeting (AGM) for October 25, 2024. The meeting will be held at the company’s location at Lahore, as well as virtually via video-link/Zoom. This event, announced on October 3, 2024, will cover essential corporate affairs including the approval of audited financial statements and the appointment of auditors for the coming fiscal year.
The AGM will focus on several key business matters. Among the agenda items, shareholders are expected to confirm the minutes of the last AGM held on October 24, 2023. Furthermore, they will review and potentially adopt the Audited Accounts of the company for the fiscal year ended June 30, 2024. The meeting will also include discussions on the Auditor’s Report and the Chairman’s Review of the year’s activities and achievements.
A significant point on the agenda is the appointment of auditors for the fiscal year ending June 30, 2025, along with the determination of their remuneration. In addition, shareholders will address any other business matters that may arise during the meeting.
The company has also advised that the Share Transfer Books will be closed from October 19, 2024, to October 25, 2024. During this period, the final dividend will be disbursed to registered members. Members holding shares through the Central Depository Company (CDC) are advised to update their addresses and Zakat status to ensure proper participation and receipt of dividends.
According to information available from the Pakistan Stock Exchange (PSX), all participating members must be registered with the company’s registrar by October 18, 2024, and must submit their proxies, if applicable, no less than 48 hours before the meeting is held. This regulation ensures orderly and efficient handling of corporate governance matters.
The upcoming AGM is crucial for Berger Paints Pakistan Limited as it continues to navigate the challenges and opportunities of the competitive paint industry.