Azgard Nine Limited held its 29th Annual General Meeting on Friday, 28 October 2022, at 11.30 am at The Nishat Hotel, Emporium Mall, Johar Town, Lahore, following a change of venue from the registered office.
Shareholders confirmed the minutes of the 28th AGM (held on 27 November 2021 and concluded on 6 December 2021) and considered the audited financial statements for the year ended 30 June 2022. It was a strong year: net sales rose 53 percent to Rs33.8 billion and profit after tax was Rs693 million. The Board proposed re-appointing Grant Thornton Anjum Rahman as auditors.
Key facts
- Meeting29th AGM, 28 October 2022, 11.30 am
- VenueThe Nishat Hotel, Emporium Mall, Johar Town, Lahore
- FY2022 net salesRs33,769 million, up 53%
- FY2022 profit after taxRs693 million
Growing demand from global brands reflected Azgard9's investment in responsible, innovative denim.
