Lahore: Khalid Siraj Textile Mills Limited has officially released a certified copy of the resolutions passed during its 37th Annual General Meeting held on January 31, 2025. The meeting, which took place at the company's registered office in Lahore, saw shareholders approve several important resolutions as part of the ordinary business of the day.
The first item on the agenda was the confirmation of the minutes from the 36th Annual General Meeting, which was held on October 24, 2023. The shareholders resolved that the minutes were received, recorded, and confirmed, ensuring continuity and validation of the company's previous meeting records.
In a significant move, the shareholders received, considered, and adopted the Audited Financial Statements for the year ending June 30, 2024. The financial documents, along with the Directors' and Auditors' Reports and the Chairman's review, were approved and confirmed by the attendees. This approval marks a crucial step in the company's ongoing financial management and compliance.
Moreover, the meeting addressed the appointment of auditors for the upcoming fiscal year. M/s. Sheikh and Chaudhry, Chartered Accountants, based on Corporate Avenue, 32-Jail Road, Lahore, were re-appointed as the statutory auditors for the year ending June 30, 2025. The resolution further empowered the Chief Executive Officer of Khalid Siraj Textile Mills Limited to fix the remuneration for the auditors, ensuring transparency and accountability in the company's financial auditing processes.
According to information available from the Pakistan Stock Exchange (PSX), these resolutions align with the company's commitment to adhering to regulatory standards and promoting shareholder confidence.
The meeting concluded with no further business to discuss, as Mian Tayyab Iqbal expressed gratitude towards the Chair, which was reciprocated, marking the official closure of the proceedings. The resolutions passed during this meeting will play a pivotal role in guiding the company's strategic and financial decisions in the coming year within the Textile market category.