Shahzad Textile Mills reports resolutions passed at its October 28, 2026 AGM
AGM / EGMShahzad Textile Mills Limited filed certified resolutions passed at its annual general meeting held on October 28, 2026. Shareholders adopted the audited financial statements for the year ended June 30, 2026, appointed Crowe Hussain Chaudhury & Co. as auditors, ratified related-party transactions for the year ended June 30, 2026, and authorized related-party transactions during the year ending June 30, 2027, subject to formal approval or ratification at the next AGM.
Key Findings
- The AGM was held at 12:30 PM at the company’s registered office in Lahore on October 28, 2026.
- Shareholders adopted the audited financial statements for the year ended June 30, 2026.
- Crowe Hussain Chaudhury & Co. was appointed as auditor until the next AGM; the CEO was authorized to negotiate and finalize the auditor’s remuneration.
- Related-party transactions carried out during the year ended June 30, 2026, were ratified and approved.
- Shareholders were asked to authorize ordinary-course, arm’s-length related-party transactions during the year ending June 30, 2027, with no limitation on transaction amounts; the CEO was authorized to implement the resolution.
Meeting Details
Meeting
Annual general meeting
Date
28/10/2026, 12:30 PM
Venue
Registered Office, Tricon Corporate Centre, Office No. 701, 7th Floor, 73-E Main Jail Road, Gulberg-II, Lahore
Meeting Details
Agenda
- Adoption of audited financial statements for the year ended June 30, 2026.
- Appointment of auditors and authorization for the CEO to finalize their remuneration.
- Ratification of related-party transactions carried out during the year ended June 30, 2026.
- Authorization of related-party transactions during the year ending June 30, 2027.
Resolutions
- Audited financial statements for the year ended June 30, 2026, were adopted and approved.
- Crowe Hussain Chaudhury & Co. was appointed as auditors until the next AGM.
- Related-party transactions carried out during the year ended June 30, 2026, were ratified, approved, and confirmed.
- The company was authorized to carry out ordinary-course related-party transactions on an arm’s-length basis during the year ending June 30, 2027, until the next AGM, without limitation on transaction amounts.
⚡
Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
