Karachi: Al-Ghazi Tractors Ltd held its Annual General Meeting on April 24, 2025, in Karachi, where several key resolutions were passed, in line with clause 5.6.9(b) of the Pakistan Stock Exchange (PSX) Regulations.

The meeting commenced with the confirmation of the minutes from the previous Annual General Meeting, which took place on April 25, 2024. The resolution was passed to confirm the minutes as circulated, marking the first agenda item as completed.

The second agenda item involved the review and adoption of the company's Audited Financial Statements for the year ending December 31, 2024. The financial documents, which included the Chairman's Review Report, the Directors' Report, and the Auditors' Report, were presented and subsequently adopted by the members.

The third agenda focused on the appointment of auditors for the financial year ending on December 31, 2025. The retiring auditors, M/s. A.F. Ferguson & Co., Chartered Accountants, expressed their willingness for reappointment. Both the Audit Committee and the Board of Directors recommended their reappointment. The resolution was passed to reappoint M/s. A.F. Ferguson & Co. as auditors with a 10% increase in their existing fee or remuneration.

According to information available from the Pakistan Stock Exchange (PSX), Al-Ghazi Tractors Ltd falls under the designated market category of the PSX regulations.

The resolutions passed at the meeting are certified as true and accurate, ensuring compliance with the PSX and facilitating the continued operation and governance of Al-Ghazi Tractors Ltd.