Karachi: Sui Southern Gas Company Limited, a major player in the gas distribution sector of Pakistan, conducted its 70th Annual General Meeting on June 16, 2025, in Karachi. The event, attended by shareholders both in person and via electronic means, saw the passing of significant resolutions concerning the company's financial and auditing activities.

During the meeting, shareholders adopted the Annual Audited Financial Statements for the fiscal year ending June 30, 2024. These statements were accompanied by the Directors' and Auditors' Reports. The adoption signifies shareholder approval of the company's financial performance and governance over the past year.

In addition to the financial statements, a resolution was passed to reappoint M/s. BDO Ebrahim & Co., Chartered Accountants, as the external auditors for the fiscal year ending June 30, 2025. The remuneration for their services was fixed at Rs. 6.35 million, excluding any out-of-pocket expenses. The decision to retain the services of M/s. BDO Ebrahim & Co. was based on their eligibility and past performance.

According to information available from the Pakistan Stock Exchange (PSX), Sui Southern Gas Company Limited's meeting focused on the ordinary business of financial statement adoption and auditor appointment, reflecting the company's ongoing commitment to transparency and accountability in its financial practices.

The resolutions adopted at the meeting are expected to influence the company's operational strategies and stakeholder engagement in the coming fiscal year, playing a crucial role in its market positioning within the designated market category of gas distribution.