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Lahore, Sazgar Engineering Works Limited has scheduled an Extraordinary General Meeting (EGM) at The Nishat Hotel, Imperial Ball Room -B, Banquets 4th Floor, Emporium Mall, Gate No. 7, Johar Town, Lahore on June 29, 2024. The main agenda item is the proposed removal of the external auditors, M/S SAEED KAMRAN & CO., Chartered Accountants. According to information available from the Pakistan Stock Exchange (PSX), the auditors were originally appointed during the Annual General Meeting on October 26, 2023.
The meeting will address the approval of a Special Resolution to remove the auditors, authorized by Section 246(5) of the Companies Act, 2017. Shareholders will also empower the Chief Executive Officer, the Chief Financial Officer, and the Company Secretary to execute all necessary actions for compliance with legal requirements and to implement the resolution.
Furthermore, the Company’s register of members will be closed from June 23 to June 29, 2024, for share transfers. Shareholders can vote by proxy or utilize e-voting services from June 26 to June 28, 2024. Members can also request video conference participation for the EGM if they hold 10% or more shareholding and notify the company seven days in advance.