Karachi: At the 75th Annual General Meeting held on October 28, 2024, Crescent Textile Mills Limited approved key resolutions including the adoption of annual financial statements and the appointment of new auditors, enhancing its commitment to transparency and governance.

The shareholders of Crescent Textile Mills convened in Karachi to review and approve the financial statements for the year ended June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), the board received and adopted the annual audited financial statements along with the Chairman’s Review, Directors’, and Auditors’ Reports.

In a significant administrative update, the company resolved to appoint M/s. Riaz Ahmad and Company, Chartered Accountants, as their auditors from the conclusion of this meeting until the next Annual General Meeting. The remuneration for the auditors will be determined by the Chief Executive Officer and the Executive Director of the company.

These resolutions, certified by Naseer Ahmad Chaudhary, the Company Secretary, reflect Crescent Textile Mills Limited’s dedication to adhering to the highest standards of compliance and financial integrity.