Chakwal Spinning Mills Limited Calls 36th Annual General Meeting

Karachi: CHAKWAL SPINNING MILLS LIMITED has announced that its 36th Annual General Meeting (AGM) of members will convene on November 27, 2023, at the company’s registered office in Lahore. The meeting will address several key points of ordinary business.

The agenda includes the confirmation of the minutes from the last AGM, held on October 27, 2022. The members will receive and adopt the audited accounts for the year that ended on June 30, 2023, alongside the directors’ and auditors’ reports.

A significant item on the agenda is the appointment of auditors for the year ending June 30, 2024, with the current auditors, Aslam Malik & Company Chartered Accountants, indicating their interest in reappointment. The company will also fix the auditors’ remuneration.

The share transfer books will remain closed from November 20, 2023, to November 27, 2023, for ordinary shares. Transfers received by the share registrar in Lahore by the end of business on November 19, 2023, will be considered timely.

Members who wish to attend and vote at the AGM may appoint another member as a proxy. Proxies must be submitted not less than 48 hours before the meeting. Members registered through the Central Depository Company (CDC) are requested to bring their original National Identity Card (CNIC) or Passport and must adhere to the guidelines issued by the Securities and Exchange Commission of Pakistan. Corporate entities are required to provide a certified copy of the board of directors’ resolution or power of attorney along with the proxy form.

The financial statements for the year ended June 30, 2023, will be available on the company’s website 21 days prior to the AGM. Additionally, members may opt to receive audited financial statements and notices via email by submitting a request available on the company’s website.

The company will provide a video-link facility for members holding at least 10% of the shareholding and residing in a city, subject to a request at least 07 days prior to the AGM and the availability of such facilities. Shareholders are urged to promptly notify the company of any changes to their registered address.