Lahore: In a significant development during its 37th Annual General Meeting, Zahidjee Textile Mills Limited confirmed several resolutions on October 28, 2026. The meeting, held at House No. 131 A-Street P, Upper Mall Lahore, resulted in crucial decisions impacting the company's future operations and financial oversight.

The shareholders approved the minutes of the previous Annual General Meeting conducted on October 28, 2025. This approval ensures continuity in governance and adherence to the procedural obligations of the company.

A central part of the meeting involved the unanimous approval and adoption of the Audited Financial Statements for the fiscal year ending June 30, 2026. These statements included both consolidated and unconsolidated financials, accompanied by the Auditors' Report, the Chairman's Review, and the Directors' Report. The ratification of these documents reflects the company's commitment to transparency and rigorous financial reporting.

The appointment of RSM Avais Hyder Liaquat Nauman Chartered Accountants as the new auditors for the fiscal year 2026-2027 was another key resolution passed. The decision marks a new chapter in the auditing process of Zahidjee Textile Mills Limited, with the remuneration for the auditors to be determined through mutual agreement, pending the chairman's approval.

Furthermore, the meeting granted authority to the Chief Executive and Company Secretary to set the remuneration for the external auditors for the year ending June 30, 2027. This move underscores the company's strategic approach to financial management and cost-efficiency.

According to information available from the Pakistan Stock Exchange (PSX), Zahidjee Textile Mills Limited operates within the textile sector, a significant area of the market that plays a vital role in the country's economy. The resolutions passed in the meeting are expected to fortify the company's financial and operational framework as it continues to navigate the competitive landscape of the textile industry.