Shakarganj Limited to Hold 56th Annual General Meeting with a Focus on Corporate Governance

Karachi, Shakarganj Limited has announced its 56th Annual General Meeting (AGM) scheduled for Tuesday, 27 February 2024, at 11:30 am, indicating a strong commitment to corporate governance and shareholder engagement. The AGM, to be held at the E-Floor, IT Tower, 73-E/1, Hali Road, Gulberg-III, Lahore, and accessible through video link, will cover critical corporate matters including the adoption of financial statements and the appointment of auditors for the upcoming fiscal year.

The company has recommended M/s. Kreston Hyder Bhimji and Co. Chartered Accountants for appointment as the new auditors, reflecting its dedication to maintaining high standards of financial transparency and accountability. Shareholders are invited to participate in this significant event either physically or via video link, with prior registration required for remote attendance.

During the AGM, shareholders will consider the Chairman’s Review Report, the Reports of Directors, and Auditors together with Audited Annual Separate and Consolidated Financial Statements for the year ended 30 September 2023. This assembly underscores the company’s efforts to keep its shareholders informed and involved in key decisions.

To facilitate shareholder participation, the Share Transfer Books of the Company will remain closed from 21 February 2024 to 27 February 2024. Shareholders are advised to appoint proxies to exercise their voting rights, emphasizing the importance of their input in the company’s governance processes.

Additionally, in compliance with the Companies Act, 2017, Shakarganj Limited has urged its shareholders to provide electronic dividend mandates to ensure the direct transfer of dividends to their designated bank accounts, promoting efficiency and security in dividend distribution.

The company has also made provisions for shareholders to claim any uncollected dividends or shares and has encouraged the conversion of physical shares into book-entry form to align with regulatory requirements and enhance shareholder convenience.

This AGM represents a critical platform for Shakarganj Limited to engage with its shareholders, discuss the company’s performance, and outline future strategies, reinforcing its commitment to transparency, compliance, and shareholder value.