Karachi: In a recent gathering at their main facility in Hub Chowki, Balochistan, Gatron (Industries) Limited convened its annual general meeting on October 28, 2024. According to information available from the Pakistan Stock Exchange (PSX), shareholders ratified several key resolutions during this session.

The meeting started with the approval of the minutes from the previous annual general meeting held on December 4, 2023, followed by a confirmation of the audited accounts for the fiscal year ended June 30, 2024. Shareholders reviewed and adopted the financial statements along with the directors' and auditors' reports, marking compliance with regulatory requirements and corporate governance standards.

Furthermore, the assembly resolved to appoint Kreston Hyder Bhimji and Company as the company’s auditors until the conclusion of the next annual meeting. The Board of Directors was also empowered to set the remuneration for the auditors for the upcoming fiscal year ending June 30, 2025, in their next board meeting.

The decisions made during the meeting reflect the ongoing strategic planning and fiscal management by Gatron’s leadership, aimed at maintaining robust audit practices and transparency in financial reporting. These resolutions are instrumental for the company’s operations, ensuring adherence to corporate governance and enhancing shareholder confidence.