Karachi: Abdullah Shah Ghazi Sugar Mills Limited convened its 42nd Annual General Meeting on January 27, 2026, at the Diamond Banquet in Karachi, where significant resolutions were passed concerning the company's financial and auditing matters.

Shareholders gathered to review and approve the company's audited financial statements for the fiscal year ending September 30, 2025. The financial documents, along with the accompanying Directors' and Auditors' Report, were formally adopted during the meeting. This decision underscores the company's compliance with regulatory frameworks and commitment to maintaining transparency in its financial dealings.

In addition to financial approvals, the reappointment of Messrs Zahid Jamil & Co, Chartered Accountants, as the company's auditors was also confirmed. This reappointment is slated to extend from the conclusion of the recent meeting until the next Annual General Meeting. The Board of Directors has been granted the authority to determine the auditors' remuneration, as well as the reimbursement of any incurred out-of-pocket expenses and applicable government levies, based on recommendations from the Board Audit Committee.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions passed align with the stipulated requirements under Rule 5.6.9(b) of the PSX Regulations, further reinforcing the company's adherence to established governance practices.

The resolutions passed at the meeting reflect Abdullah Shah Ghazi Sugar Mills Limited's ongoing efforts to uphold corporate governance standards and ensure the integrity of its financial operations.