Karachi: AI-Abid Silk Mills Ltd. held its Annual General Meeting on November 26, 2024, where key resolutions were passed, confirming the company's financial health and governance practices. The meeting ratified the minutes from the previous AGM held on October 27, 2023, and approved the audited financial statements for the fiscal year ending June 30, 2024.

During the meeting, the shareholders approved the Annual Audited Financial Statements, along with the accompanying reports from the auditors and directors, as presented by the company's Chief Executive. The statement of compliance with the code of corporate governance was also adopted.

According to information available from the Pakistan Stock Exchange (PSX), the meeting further resolved to reappoint M/s. Muniff Ziauddin and Co. as the auditors for the company. This reappointment will extend until the conclusion of the next Annual General Meeting, ensuring continuity in the auditing process.

The resolutions passed reflect the company's adherence to corporate governance standards and its commitment to maintaining transparency and accountability in financial reporting.