Azgard Nine Limited held its 28th Annual General Meeting on Saturday, 27 November 2021, at 11.00 am at its registered office, Ismail Aiwan-i-Science, Lahore.
Shareholders confirmed the minutes of the extraordinary general meeting of 3 April 2021 and considered the audited financial statements for FY2021, a year in which net sales grew 31 percent to Rs22.1 billion. The Board proposed re-appointing Yousuf Adil, Chartered Accountants, as auditors, with rotation of the engagement partner. The meeting was adjourned to 6 December 2021 to hold a poll on the approval of the financial statements. The result was published under the Companies (Postal Ballot) Regulations, 2018.
Key facts
- Meeting28th AGM, 27 November 2021, 11.00 am; adjourned to 6 December 2021
- FY2021 net salesRs22,070 million, up 31%
- Q1 FY2022sales up more than 43% on Q1 FY2021
Growing demand from brand partners set the tone for Azgard9's next chapter.
