SAZEW proposes removal of existing external auditors

In a notification sent to PSX on 07/06/2024, Sazgar Engineering Works Limited (SAZEW) has announced an extraordinary general meeting set for June 29 to approve auditor removal.

The Board of Directors of the Company in their emergent meeting held today i.e. June 07, 2024, has proposed to remove the existing External Auditors of the Company, M/S SAEED KAMRAN & CO. Chartered Accountants. In this regard the Board has decided to convene an Extra Ordinary General Meeting (EOGM) of the Company on Saturday, June 29, 2024, at 11:30 AM, at The Nishat Hotel, Imperial Ball Room -B, Banquets 4″ Floor, Emporium Mall, Gate No. 7 (Expo Facing), Johar Town, Lahore to seek members’ approval through Special Resolution, in terms of section 246(5) of the Companies Act, 2017, for the proposed removal of existing External Auditors of the Company. The Share Transfer Books of the Company will be closed from June 23, 2024 to June 29, 2024 (both days inclusive). Transfers received in order at the office of Share Registrar of the Company, M/s CorpTec Associates (Private) Limited, 503-E, Johar Town, Lahore, at the close of business on June 22, 2024 will be treated in time for the purpose of attending of this Extra Ordinary General Meeting.

SAZEW shares were last trading at Rs. 790.55 today.

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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →