AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Kohinoor Textile Mills Limited has announced the implementation of electronic voting and postal ballot procedures for its upcoming Extraordinary General Meeting. The decision is in line with the Companies (Postal Ballot) Regulations, 2018, amended through a notification issued by the Securities and Exchange Commission of Pakistan (SECP) on December 05, 2022.
Under the directive of the SECP, all listed companies are required to provide their members with the right to vote through electronic voting facilities and voting by post for businesses categorized as special business.
Consequently, the members of Kohinoor Textile Mills Limited will now have the option to exercise their voting rights through the electronic voting facility or voting by post during the forthcoming Extraordinary General Meeting scheduled for June 20, 2023.
These new voting methods are aimed at facilitating member participation and ensuring a convenient and efficient voting process. By offering electronic voting and postal ballot options, the company intends to streamline the voting procedure and enable members to cast their votes on special business matters.
Detailed instructions regarding the use of the electronic voting facility and the process for casting votes through postal ballot will be provided to the members of Kohinoor Textile Mills Limited. The company urges its members to familiarize themselves with the procedures to ensure their active involvement in the decision-making process.