Category: Company News

Karachi, The shareholders of Hira Textile Mills Limited convened at the Annual General Meeting held on June 26, 2023, in Lahore. The meeting addressed crucial agenda items, including the adoption of audited accounts and the appointment of auditors for the company.

Under Agenda Item No. 1, the shareholders received and adopted the audited accounts of Hira Textile Mills for the fiscal year ended on June 30, 2022. The audited financial statements, along with the Directors and auditor's reports, were considered, received, and adopted based on an ordinary resolution. These documents had previously been approved by the Board of Directors.

The adoption of the audited accounts reflects the shareholders' confidence in the financial performance and reporting practices of Hira Textile Mills. The audited accounts provide a comprehensive overview of the company's financial position and highlight key insights for stakeholders.

Moving on to Agenda Item No. 2, the shareholders deliberated on the appointment of auditors for the company and the fixation of their remuneration. Through an ordinary resolution, the shareholders unanimously appointed M/S H.A.M.D & Co., Chartered Accountants, Lahore, as the auditors for the fiscal year ending June 30, 2023. The fee for their services will be determined through mutual agreement between the Board and the Auditors.

The appointment of auditors ensures the independent verification of Hira Textile Mills' financial statements and compliance with auditing standards. M/S H.A.M.D & Co., renowned for their expertise and professionalism, will contribute to maintaining transparency and accountability within the company.

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Karachi, Ansari Sugar Mills Limited has announced that a meeting of its Board of Directors is scheduled to take place on July 13, 2023, in Karachi. The meeting will address several important agenda items, including the confirmation of minutes from the previous board meeting and discussions related to the forthcoming election of directors.

During the meeting, the board will also deliberate on the fixation of the number of directors for the next term of three years, which will be further presented for approval at the Annual General Meeting. Additionally, any other pertinent matters will be considered by the board during the meeting.

To ensure compliance with regulations, Ansari Sugar Mills Limited has declared a "Closed Period" from July 7, 2023, to July 13, 2023, as required under Clause 5.6.1.(d) of the PSX Regulations. During this period, no Director, CEO, or Executive of the company is permitted to engage in any dealings involving the shares of the company, either directly or indirectly.

The post Ansari Sugar Mills Board of Directors to Discuss Election and Director Fixation in Upcoming Meeting appeared first on Pakistan Company News.

Karachi, Samba Bank Limited (SBL) convened its 116th Board of Directors meeting on July 05, 2023, utilizing video conferencing technology (Webex), to discuss non-financial matters. During the meeting, no announcement was made regarding the dissemination of any price-sensitive information that may impact the market price of the company's shares.

The post Samba Bank Limited Holds 116th Board Meeting, No Price-Sensitive Information Disclosed appeared first on Pakistan Company News.

Karachi, United Brands Limited has announced that a crucial meeting of its Board of Directors is scheduled to take place on July 11, 2023, in Karachi. The primary agenda of the meeting is to discuss and finalize the number of directors to be elected for the upcoming three-year term.

In adherence to the regulations outlined in Clause 5.6.1(d) of the PSX Regulations, the company has declared a "Closed Period" starting from July 5, 2023, and extending until July 11, 2023. During this period, no director, CEO, or executive associated with United Brands Limited will be permitted to engage in any direct or indirect dealings involving the company's shares.

The post United Brands Limited Board Meeting to Determine Directors for Next Term; Closed Period Declared appeared first on Pakistan Company News.

Karachi, Hinopak Motors Limited has announced that its 38th Annual General Meeting (AGM) will take place on July 25, 2023, in Karachi. In light of the current circumstances, the company has made arrangements for shareholders to participate in the meeting through a video facility. The meeting will cover various important agenda items as outlined below:

Ordinary Businesses:

1. Receipt and Adoption of Audited Financial Statements: Shareholders will receive, consider, and adopt the audited financial statements of Hinopak Motors Limited for the year ended March 31, 2023. The accompanying reports from the Directors and Auditors will also be presented for consideration.

2. Appointment of Auditors: Shareholders will have the opportunity to appoint auditors for the upcoming financial year and determine their remuneration.

3. Any Other Business: With the permission of the Chair, any additional business or matters of importance may be discussed during the meeting.

The post Hinopak Motors Limited to Hold 38th Annual General Meeting with Virtual Participation Option appeared first on Pakistan Company News.

Karachi, Arctic Textile Mills Limited has announced that seven individuals have filed notices with the company, expressing their intention to stand for election as Directors at the upcoming Extra Ordinary General Meeting (EOGM). The EOGM is scheduled to take place on July 11, 2023, in Faisalabad.

As per the information provided, the number of candidates offering themselves for election does not exceed the number of Directors determined by the Board of Directors under section 159 (1) of the Companies Act, 2017. Consequently, all seven individuals will be deemed elected as Directors of Arctic Textile Mills Limited for the next three-year term, commencing from July 11, 2023.

The post Seven Candidates Elected as Directors of Arctic Textile Mills Limited at Extra Ordinary General Meeting appeared first on Pakistan Company News.

Karachi, The Searle Company Limited has issued a notice regarding an upcoming Extraordinary General Meeting (EGM) of its shareholders. The meeting, scheduled to take place on July 26, 2023, will be conducted through a video link to ensure convenience and accessibility for all participants. The EGM has been called to address specific business matters, primarily related to the confirmation of the minutes of the Annual General Meeting held on October 28, 2022.

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