Karachi: In the 15th Annual General Meeting (AGM) of Next Capital Limited held on October 25, 2024, significant resolutions were passed, including the approval of the company's audited financial statements for the fiscal year ending June 30, 2024. The meeting also saw the reappointment of Messrs. Baker Tilly Mehmood Idrees Qamar, Chartered Accountants, as statutory auditors for the upcoming fiscal year.

The shareholders approved the minutes from the 14th AGM, conducted on October 25, 2023, affirming the proceedings and decisions made during that meeting. This approval was part of the ordinary business transactions of the AGM, ensuring continuity in the corporate governance processes of the company.

The financial statements, alongside the accompanying Directors' and Auditors' Reports for the year ended June 30, 2024, received formal approval from the shareholders. This approval signifies shareholder confidence in the company's financial health and strategic direction as outlined in the reports.

Furthermore, the meeting ratified the reappointment of Messrs. Baker Tilly Mehmood Idrees Qamar as the statutory auditors for the fiscal year ending June 30, 2025. This decision ensures that the company's financial auditing processes remain consistent and in experienced hands.

Additionally, the Chief Executive Officer and the Company Secretary of Next Capital Limited have been authorized to manage statutory returns, announcements, and necessary filings with relevant authorities, including the Registrar of Companies, CRO, SECP, and the Pakistan Stock Exchange. According to information available from the Pakistan Stock Exchange (PSX), these authorizations are aimed at maintaining compliance with regulatory requirements and ensuring efficient corporate communication.

The AGM's resolutions reflect Next Capital Limited's ongoing commitment to robust corporate governance and transparency in its financial dealings.