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LAHORE: Notice is hereby given that Synthetic Products Enterprises Limited (“the Company”) will hold its 42nd Annual General Meeting (AGM) on 26 October 2024 at the Lahore Chamber of Commerce & Industries, located on Shahrah Aiwan-e-Tijarat, Lahore. The meeting aims to discuss several crucial items on its agenda.
The AGM will focus on the adoption of audited financial statements for the fiscal year that ended on 30 June 2024, along with the consideration of reports from both directors and auditors. Shareholders will also vote on a proposed final cash dividend of Rs. 0.8 per share, which represents a 16% dividend.
Another significant item on the agenda is the re-appointment of the Company’s auditors. The Board, following a recommendation from the Board Audit Committee, has proposed the reappointment of KPMG Taseer Hadi and Co., Chartered Accountants, who, being the retiring auditors and eligible, have offered themselves for reappointment.
Additionally, the election of seven directors for a three-year term, commencing from the date of the AGM, is scheduled. The directors up for re-election are Mr. Almas Hyder, Mr. Zia Hyder, Mr. Raza Haider, Mr. Sheikh Naseer Hyder, Dr. Nighat Arshad, Mr. Haroon Sharif, Mr. Khawar Anwar Khawaja, Dr. Syed Sohail Hussain Naqvi, and Mr. Abid Saleem Khan.
According to information available from the Pakistan Stock Exchange (PSX), the company has outlined that any other business permissible under the Chairman’s discretion may also be transacted during the meeting.
This AGM presents an opportunity for shareholders to engage directly with the management on significant matters affecting the company, including financial performance and governance.