Oct 23, 2026, 10:33 AM
Bannu Woollen Mills shareholders approve resolutions at 66th AGM
AGM / EGMBannu Woollen Mills Limited submitted certified copies of resolutions passed at its 66th Annual General Meeting held on October 23, 2026. Shareholders confirmed the prior EGM minutes, approved the audited financial statements for the year ended June 30, 2026, reappointed the statutory auditors for the year ending June 30, 2027, and approved related-party transactions conducted during FY2026 and their ordinary-course continuation during FY2027, subject to subsequent shareholder ratification.
Key Findings
- The 66th AGM was held on October 23, 2026 at 10:00 a.m. at the company’s registered office in Bannu.
- Shareholders confirmed the minutes of the Extraordinary General Meeting held on May 19, 2026.
- The annual audited financial statements for the year ended June 30, 2026 were approved.
- ShineWing Hameed Chaudhri & Co., Chartered Accountants, was reappointed as auditor for the year ending June 30, 2027; the CEO was authorized to negotiate and fix the auditors’ remuneration.
- FY2026 related-party transactions were ratified, and the CFO was authorized to approve ordinary-course related-party transactions during FY2027, with board-approved transactions to be presented to shareholders at the next AGM.
Meeting Details
Meeting
Annual general meeting
Date
Oct 23, 2026, 10:00 AM
Venue
Registered Office of the Company, D.I. Khan Road, Bannu
Meeting Details
Agenda
- Confirm minutes of the Extraordinary General Meeting held on May 19, 2026.
- Consider, approve and adopt the annual audited financial statements for the year ended June 30, 2026, together with the Chairman’s review and Directors’ and auditors’ reports.
- Appoint auditors for the year ending June 30, 2027 and fix their remuneration.
- Approve and ratify related-party transactions conducted during the year ended June 30, 2026, and authorize ordinary-course related-party transactions during the year ending June 30, 2027.
Resolutions
- Confirmed the minutes of the May 19, 2026 Extraordinary General Meeting.
- Approved and adopted the annual audited financial statements for the year ended June 30, 2026.
- Reappointed ShineWing Hameed Chaudhri & Co., Chartered Accountants, as auditor for the year ending June 30, 2027; authorized the CEO to negotiate and fix remuneration.
- Ratified related-party transactions conducted during FY2026 and authorized the CFO to approve ordinary-course related-party transactions during FY2027; board-approved related-party transactions are to be submitted to shareholders at the next AGM for formal ratification/approval.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.