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Karachi, Gulistan Textile Mills Limited has issued a notice regarding its upcoming Annual General Meeting, which is scheduled to take place on June 24, 2023, in Karachi. The meeting aims to address various important matters related to the company’s operations and financial performance.
The agenda for the meeting includes:
1. Confirmation of the minutes from the previous Annual General Meeting.
2. Receipt, consideration, and adoption of the audited financial statements for the fiscal year ending on June 30, 2022. This will also involve reviewing the reports presented by the Directors and Auditors.
3. Appointment of auditors for the upcoming financial year 2022-2023, along with the determination of their remuneration. The current auditors, M/s Malik Haroon Shahid Safdar & Co, Chartered Accountants, who are eligible for reappointment, have expressed their willingness to continue their role as auditors.
4. Any other business that may be presented and approved with the permission of the company.
In addition, the company has announced the closure of its share transfer books from June 17, 2023, to June 22, 2023, both days inclusive. During this period, no share transfers will be accepted for registration.
The Annual General Meeting presents an opportunity for stakeholders and shareholders of Gulistan Textile Mills Limited to engage in constructive discussions regarding the company’s performance and future prospects. It is anticipated that the meeting will contribute to transparency and accountability within the organization, allowing for informed decision-making and continued growth in the textile industry.