Karachi: Ghandhara Automobiles Limited has officially announced the outcomes of its recent Annual General Meeting (AGM) held on October 24, 2024, confirming several key resolutions and the reappointment of its auditors, in compliance with the regulatory frameworks of the Pakistan Stock Exchange (PSX).

The company confirmed the minutes of its previous AGM held on October 27, 2023, solidifying the administrative continuity. Another major agenda item completed during the meeting was the adoption of the company’s audited financial statements for the fiscal year ending June 30, 2024. These included detailed directors’ and auditors' reports and a review report from the chairman, all of which received the necessary approval from the shareholders.

According to information available from the Pakistan Stock Exchange (PSX), one significant resolution was the reappointment of the auditors, M/s. ShineWing Hameed Chaudhri and Co., Chartered Accountants. They have been tasked with auditing the company’s accounts for the next fiscal year ending June 30, 2025, ensuring financial transparency and compliance are maintained. The auditors have also been authorized to fix their remuneration, which indicates a continuing trust in their services by the board of directors.

The resolutions passed are essential for the company’s operational transparency and are intended to ensure continued compliance with the financial oversight requirements mandated by stock exchange regulations. This is part of Ghandhara Automobiles’ broader strategy to maintain robust financial health and shareholder trust through meticulous compliance and transparency.