Hyderabad: Fateh Sports Wear Limited convened its annual general meeting on October 28, 2024, at its registered office in Hyderabad, approving the audited financial statements for the fiscal year ending June 30, 2024. The meeting also witnessed the reappointment of the company’s external auditors.

The shareholders unanimously approved the company's annual audited financial statements along with the chairman and directors' reports. These documents include detailed compliance and review reports from independent auditors, underscoring the company's commitment to financial transparency and regulatory adherence. According to information available from the Pakistan Stock Exchange (PSX), this approval marks a significant annual compliance event for Fateh Sports Wear Limited, reinforcing its stakeholder confidence.

Additionally, the general meeting resolved the reappointment of the auditing firm M/s. Clarkson Hyde Saud Ansari. The firm will continue to serve as the external auditors for the fiscal year ending June 30, 2025. Their remuneration has been set at 0.40 million for the audit of annual accounts and 0.10 million for the review of half-yearly accounts.

The proceedings of this meeting are pivotal for the ongoing financial health and operational scrutiny of Fateh Sports Wear Limited, ensuring continued adherence to best practices in corporate governance.