AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Waves Corporation Limited has announced that its Annual General Meeting (AGM) will take place on May 29, 2023. The meeting will be held physically in Lahore, as well as electronically, to consider and transact a number of businesses.
The ordinary businesses to be transacted during the meeting include the adoption of audited consolidated and standalone financial statements of the Company for the year ended December 31, 2022, along with the Directors’ Report and Chairman’s Review thereon. Additionally, the shareholders will appoint Statutory Auditors of the Company for the year ending December 31, 2023 and fix their remuneration.
In the special businesses, the shareholders will be asked to approve the circulation of annual audited financial statements to its members/shareholders through Quick Response (QR) enabled code and web link instead of through CD/DVD/USB. Furthermore, transactions carried out by the Company with Waves Home Appliances Limited, Waves Marketplace Limited, and Employees’ Pension/Gratuity/Provident Fund during the financial year 31 December 2022 will be approved.
The Board of Directors of the Company is also authorized to approve all related party transactions to be carried out on a case-to-case basis during the financial year 31 December 2023. These transactions will be deemed approved by the shareholders and will be placed before the shareholders in the next AGM for their formal ratification/approval.
The share transfer Books of the Company will remain closed from May 19, 2023, to May 29, 2023, and shareholders are requested to notify the Company’s Share Registrar if there is any change in their registered postal addresses.