Lahore: Shareholders of KSB Pumps Company Limited convened for their 68th Annual General Meeting at the company's registered office in Lahore on April 23, 2025. The meeting, held in compliance with the Regulation 5.6.9(b) of the Rule Book of Pakistan Stock Exchange Limited, saw the adoption of several significant resolutions.

The shareholders confirmed the minutes of the previous meeting, which took place on April 23, 2024. The approval of these minutes was a procedural necessity to ensure continuity and recognition of past decisions.

Further, the shareholders approved the audited financial statements for the year ending December 31, 2024. These statements, along with the accompanying reports from the company's directors and auditors, were formally adopted. This approval underscores the company's commitment to financial transparency and accountability.

In addition, the appointment of M/s. KPMG Taseer Hadi & Co., Chartered Accountants, as auditors for the forthcoming year was ratified. This appointment will extend until the next annual general meeting, continuing the firm's role in overseeing the company's financial compliance.

According to information available from the Pakistan Stock Exchange (PSX), KSB Pumps operates within the designated market category. This classification emphasizes the company's specific operational focus within the broader financial market landscape.

These resolutions reflect a standard practice of corporate governance, ensuring that KSB Pumps remains aligned with regulatory requirements and shareholder expectations. The decisions made during the meeting will guide the company's strategic and financial direction in the coming year.