Karachi: Amreli Steels Limited, a prominent player in the construction and materials sector, held its 42nd Annual General Meeting on October 27, 2026, at the Jinnah Auditorium of the National Institute of Banking and Finance Pakistan. The meeting saw the adoption of significant resolutions, including the approval of the annual audited financial statements and the reappointment of external auditors.

The meeting, which commenced at 10:00 a.m., facilitated participation both in person and through a video conference, allowing broader engagement from stakeholders. The agenda focused on two key resolutions under ordinary business.

The first resolution involved the approval of the annual audited financial statements for the fiscal year ending June 30, 2026. The members unanimously resolved to adopt the financial statements along with the accompanying Directors' and Auditors' Reports. This step affirms the company's financial health and operational transparency for the reported year.

The second resolution addressed the appointment of external auditors for the coming financial year. M/s. BDO Ebrahim & Co., Chartered Accountants, were reappointed as the external auditors for the fiscal year ending June 30, 2027. The Board of Directors recommended their remuneration, which the members approved. This decision ensures continuity and consistency in the auditing process for the company.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions were passed in compliance with the regulation No. 5.6.9 (b) of the Exchange's Rule Book. This compliance underscores Amreli Steels Limited's commitment to adhering to the standards and regulations set by the PSX.

The meeting concluded with a reaffirmation of Amreli Steels Limited's strategic objectives and a forward-looking stance for the coming financial period.