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Lahore, The SAZGAR Engineering Works Limited announced today that the Board of Directors has proposed the removal of the company’s existing External Auditors, M/S SAEED KAMRAN & CO. Chartered Accountants. According to information available from the Pakistan Stock Exchange (PSX), the decision was made during an emergent board meeting held on June 7, 2024.
In response to the board’s decision, an Extra Ordinary General Meeting (EOGM) is scheduled to take place on June 29, 2024, at The Nishat Hotel, Imperial Ball Room -B, Emporium Mall in Lahore. The purpose of the meeting is to seek approval from the company’s members through a Special Resolution for the removal of the auditors, as stipulated under section 246(5) of the Companies Act, 2017.
Furthermore, the Share Transfer Books of the company will remain closed from June 23 to June 29, 2024. Transfers received at the office of the Share Registrar, M/s Corp Tec Associates (Private) Limited, by the end of business on June 22, 2024, will be eligible for participation in the EOGM.
A formal notice regarding the EOGM will be issued to all stakeholders within the required timeframe.