Karachi: Nets International Communication Limited convened its 4th Annual General Meeting on October 28, 2026, during which several key resolutions were passed, according to a certified true copy of the proceedings.

The meeting, as per the report dated November 12, 2026, addressed both ordinary and special business matters. Among the ordinary business, shareholders approved the minutes of the previous annual meeting held on October 28, 2025. The audited financial statements of the company for the fiscal year ending June 30, 2026, along with the accompanying auditors' and directors' reports, also received approval.

In terms of appointments, M/s Abdul Khaliq and Co. Chartered Accountants were re-appointed as auditors for the year ending June 30, 2027. The re-appointment is subject to a fee agreement with the Board. In the election of directors, the following individuals were elected unopposed for a three-year term starting October 28, 2026: Mr. Muhammad Nadeem and Ms. Fozia Qadir as Executive Directors; Mr. Jahangir Ahmad and Mr. Zaheer Ahmad Khan as Non-Executive Directors; and Mr. Inam Ullah, Mr. Rashid Rafique, and Mr. Muhammad Iqbal as Independent Directors.

The meeting also addressed special business items. The related party transactions conducted during the year ending June 30, 2026, in compliance with sections 207 and 208 of the Companies Act, 2017, were ratified. Additionally, the company resolved that shareholders must request hard copies of the audited financial statements or AGM notices if desired.

Furthermore, the Chief Executive Officer and Company Secretary were authorized to perform all necessary actions to implement the resolutions. Approval was granted for related party transactions to continue on an arm's length basis for another year.

According to information available from the Pakistan Stock Exchange (PSX), Nets International Communication Limited is categorized under the technology sector, reflecting its core business operations.