AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Nadeem Textile Mills Limited has announced an upcoming Extraordinary General Meeting (EOGM) scheduled for June 22, 2023, in Karachi, Pakistan. The meeting will primarily focus on two significant matters – the increase in authorized capital of the company and the utilization of QR-enabled codes and weblinks for circulating annual audited financial statements to shareholders.
Under the special business category, shareholders will deliberate upon a resolution to increase the authorized capital of the company. The proposed special resolution suggests raising the authorized capital from Rs.330.00 million, divided into 33.00 million ordinary shares of Rs.10/- each, to Rs.2,000 million, divided into 200.00 million ordinary shares of Rs.10/- each.
In the ordinary business section, shareholders will consider resolutions that would permit the company to distribute the annual audited financial statements to shareholders through QR-enabled codes and weblinks. This move aims to streamline the dissemination of financial information and enhance accessibility for shareholders.
The meeting will also allow for the transaction of any other business that obtains permission from the Chair.
To facilitate the meeting and process the necessary changes, the Register of Members and Share Transfer Books of the company will remain closed from June 16, 2023, to June 22, 2023, inclusive.
This EOGM represents a crucial opportunity for shareholders of Nadeem Textile Mills Limited to contribute to important decisions that will shape the future of the company.