Islamabad: The shareholders of Bank Makramah Limited convened at the Serena Hotel Islamabad on March 25, 2026, for the bank’s 20th Annual General Meeting (AGM), where they passed several significant resolutions. These decisions, in line with the Pakistan Stock Exchange (PSX) regulations, highlight the bank’s ongoing efforts to maintain transparency and accountability in its operations.

The AGM saw the adoption of the bank’s Annual Audited Financial Statements for the year ending December 31, 2025. This included both consolidated and unconsolidated accounts, alongside the Statement of Compliance with the Listed Companies (Code of Corporate Governance) Regulations, 2019. The meeting also approved the Directors’ Report, the Auditors’ Report, and the Chairman’s Review Report. The resolution underscored the bank’s compliance with regulatory standards and its commitment to corporate governance.

Bank Makramah Limited further solidified its financial oversight by reappointing M/s. Yousuf Adil, Chartered Accountants, as the bank’s external auditors. According to information available from the Pakistan Stock Exchange (PSX), the reappointment was accompanied by a 25% increase in the auditors’ fee from the previous year, excluding out-of-pocket expenses and taxes. This decision ensures continuity in financial auditing and reflects the board’s confidence in the auditors’ capabilities.

In a move to address outstanding financial obligations, the AGM approved a proposal to settle a principal amount and accrued profit totaling PKR 3.35 billion through the issuance of 27,888,469 fully paid ordinary shares. This strategic financial maneuver is aimed at optimizing the bank’s capital structure and enhancing shareholder value.

These resolutions, passed with the consensus of the shareholders, mark a proactive approach by Bank Makramah Limited to streamline its financial practices and reinforce its commitment to governance and shareholder interests.