“Sapphire Textile Mills Appoints Renowned Firm as Scrutinizer for Extraordinary General Meeting”

Karachi, Sapphire Textile Mills Limited has announced the appointment of M/s. Shinewing Hameed Chaudhry & Co., Chartered Accountants, as the scrutinizer for its upcoming Extraordinary General Meeting scheduled for June 15, 2023. The purpose of this appointment is to ensure transparent and reliable voting procedures, particularly regarding a significant business transaction related to investments in associated companies.

ShineWing Hameed Chaudhry & Co., Chartered Accountants, is a prestigious and long-standing firm in Pakistan, founded by the late Mr. Abdul Hameed Chaudhry (FCA) in 1957. It holds a distinguished reputation as a provider of professional services in audit and assurance, accounting, tax, risk management and advisory, and corporate services. With multiple offices across Pakistan, the firm serves a diverse clientele, including listed and economically significant entities.

As per regulatory requirements under regulation 11A, the scrutinizer’s role is crucial in ensuring the integrity and accuracy of the voting process. M/s. Shinewing Hameed Chaudhry & Co. will oversee the proceedings of the Extraordinary General Meeting and implement necessary precautionary measures to guarantee the smooth and fair execution of the voting process. Their expertise and experience will contribute to upholding satisfactory procedures and providing an unbiased report on the voting results.

With the appointment of M/s. Shinewing Hameed Chaudhry & Co., Sapphire Textile Mills Limited aims to reinforce its commitment to transparency, accountability, and corporate governance standards. Shareholders and stakeholders can expect a well-regulated voting process, safeguarding their interests and ensuring the proper execution of the business decisions related to investments in associated companies.