Karachi: Sitara Peroxide Limited held its Annual General Meeting on October 28, 2026, both in person and via video link, confirming key resolutions including the adoption of financial statements and the appointment of new auditors.

The resolutions passed during the meeting included the confirmation of minutes from the previous Annual General Meeting held on January 07, 2026. Attendees unanimously resolved to confirm the minutes, ensuring continuity in the company's governance records.

The meeting further resolved to adopt the annual audited financial statements for the year ending June 30, 2026, alongside the Directors' and Auditors' Reports. These documents were approved and adopted as presented, reflecting the company's financial health and operational outcomes over the past fiscal year.

A significant resolution included the appointment of M/s. RSM Avais Hyder Liaquat Nauman, Chartered Accountants, as the external auditors for the fiscal year 2026-27. The decision was made following the recommendation of the Board of Directors, with authorization granted to the Board to fix the remuneration for the auditors for the same period.

According to information available from the Pakistan Stock Exchange (PSX), Sitara Peroxide Limited's decisions during the Annual General Meeting align with standard practices observed in the designated market category, ensuring transparency and accountability in financial reporting and auditing processes.

The meeting underscored the company's commitment to adhering to corporate governance standards, ensuring that all stakeholders are informed and involved in significant financial and operational decisions.