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Lahore, Crescent Steel and Allied Products Limited has officially notified its shareholders of the upcoming 39th Annual General Meeting (AGM), scheduled to be held on October 26, 2023, in Lahore. The AGM will also be conducted through a video link to ensure wider accessibility. The meeting aims to address several key matters of ordinary business, including:
Financial Reports: Shareholders will receive, consider, and adopt the Chairman’s Review Report, the Reports of Directors, and Auditors, along with the Audited Annual Separate and Consolidated Financial Statements of Crescent Steel and Allied Products Limited for the fiscal year ending on June 30, 2023.
Appointment of Auditors: The AGM will also involve the appointment of the company’s auditors and the determination of their remuneration. The Audit Committee and the Board of Directors have recommended the reappointment of M/s A. F. Ferguson & Co. Chartered Accountants as auditors.
Important Notes for Shareholders:
Book Closure and Proxies: The Share Transfer Books of the company will remain closed from October 20, 2023, to October 26, 2023, inclusive of both dates. Share transfers received by the close of business on October 19, 2023, at the office of the Share Registrar, M/s CorpTec Associates (Pvt) Limited, Lahore, will be considered timely for entitlement to attend, speak, and vote at the AGM. Shareholders can also appoint proxies to attend and vote on their behalf.
e-Payment of Dividend: Shareholders holding physical shares are encouraged to provide the Company’s Share Registrar with electronic dividend mandates using the E-Dividend Form provided in the annual report or available on the company’s website. This aligns with the provisions of Section 242 of the Companies Act, 2017, ensuring that cash dividends are paid electronically into the designated bank accounts of entitled shareholders.
Zakat Declarations: Members of the company are reminded to submit Zakat exemption declarations in compliance with the Zakat and Ushr Ordinance, 1980.
Circulation of Financial Statements: Shareholders who wish to receive hard copies of the Annual Report and notice of the meeting are requested to submit the Standard Request Form provided in the annual report or available on the company’s website. The company will supply hard copies upon request, free of cost, within one week of the demand. Shareholders interested in receiving these documents via email should provide written consent using the Standard Request Form.
Unclaimed Dividend / Shares: Shareholders who have not claimed their dividend, bonus shares, or physical shares or have inquiries about unclaimed dividend/shares are advised to contact the Share Registrar, M/s. Corptec Associates (Private) Limited, Lahore, for assistance.
Crescent Steel and Allied Products Limited remains committed to ensuring the smooth conduct of the AGM and facilitating the participation of its valued shareholders.
The post Crescent Steel and Allied Products Limited Announces 39th Annual General Meeting appeared first on Pakistan Company News.