Karachi: Shareholders of Dawood Equities Limited convened at the company's registered office in Karachi on October 28, 2025, for the Annual General Meeting (AGM), where they approved several critical resolutions. The meeting, which commenced at 8:45 a.m., addressed essential matters concerning the company's governance and financial disclosures.

During the AGM, the shareholders sanctioned the minutes of the previous 19th Annual General Meeting, held on October 25, 2024. This approval signifies continuity and acknowledgment of the decisions and discussions that took place in the prior year.

Furthermore, the shareholders adopted and approved the Annual Audited Financial Statements for the fiscal year ending June 30, 2025. This approval also included the accompanying Directors' and Auditors' Reports, which provide insights into the company's financial health and operational performance over the past year.

In a significant decision, Yousuf Adil, Chartered Accountants, were appointed as the external auditors for the upcoming financial year ending June 30, 2026. The Chief Executive Officer has been authorized to negotiate and finalize the remuneration for their auditing services, ensuring transparency and accountability in the company's financial dealings.

According to information available from the Pakistan Stock Exchange (PSX), Dawood Equities Limited is classified within the designated market category, reflecting its position and performance within the financial markets. The resolutions passed during the AGM are expected to bolster the company's strategic direction and operational integrity in the coming year.