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Quetta , Quetta Textile Mills Limited has announced that its 62nd Annual General Meeting (AGM) of shareholders will be convened on October 27, 2023, in Karachi, Pakistan. The meeting will address several key agenda items.
Ordinary Business:
1. Confirmation of Previous AGM Minutes: Shareholders will begin the proceedings by confirming the minutes of the 61st Annual General Meeting, which took place on October 28, 2022.
2. Adoption of Audited Financial Statements: The company’s audited financial statements for the fiscal year ending June 30, 2023, will be presented for consideration and adoption. These financial statements will include the Auditors’, Chairman’s, and Directors’ Report. Shareholders can access the Financial Statement of the Company on the official website at http://www.quenagroup.com/reports, as mandated by section 223(7) of the Companies Act, 2017.
3. Appointment of Auditors for 2023-2024: Another significant point of discussion will be the appointment of auditors for the upcoming fiscal year, 2023-2024, and the determination of their remuneration. The Board has recommended the reappointment of M/s. Mushtaq & Co, Chartered Accountants, who currently serve as the company’s auditors and have been found eligible for reappointment, following the Audit committee’s suggestion.
The 62nd AGM represents an important event in the corporate calendar for Quetta Textile Mills Limited, allowing shareholders to actively participate in key decisions and review the company’s financial performance. The meeting will provide a platform for transparency and accountability in corporate governance. Shareholders, as well as interested parties, are encouraged to attend and engage in discussions that will shape the future direction of the company.
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