Karachi: Aisha Steel Mills Limited held its 20th Annual General Meeting (AGM) on October 28, 2024, at the Stock Exchange Building, where shareholders adopted key resolutions including the approval of annual audited financial statements and related party transactions. This AGM also saw the reappointment of M/s. A. F. Ferguson and Co. as external auditors for the financial year ending June 30, 2025.

During the AGM, shareholders approved the audited financial statements of the company for the year ended June 30, 2024, along with the associated directors' and auditors' reports. According to information available from the Pakistan Stock Exchange (PSX), the meeting served as a compliance measure with regulatory requirements, ensuring corporate transparency and accountability.

Additionally, the AGM passed special resolutions to approve transactions with related parties as disclosed in the audited financial statements for the fiscal year ended June 30, 2024. The board has been authorized to continue such transactions for the financial year ending June 30, 2025, with provisions to seek formal ratification in the next AGM if necessary.

The minutes of the AGM will be submitted to the Exchange as required by PSX regulations, completing the company’s obligations in ensuring governance standards.