Karachi: Shareholders of Apna Microfinance Bank Limited gathered on March 28, 2025, to pass critical resolutions during the bank’s 22nd Annual General Meeting. The meeting, conducted via video link at 11:00 a.m., took place at the registered office in Karachi.

The shareholders confirmed the minutes of the Extraordinary General Meeting that took place on January 21, 2025. This approval marks a procedural step in ensuring continuity and compliance with the bank’s governance practices.

In a significant move, the shareholders adopted the Annual Audited Accounts for the year ending December 31, 2024. The adoption included the approval of the Directors’ and Auditors’ reports, aligning with the bank’s commitment to transparency and accountability in its financial reporting.

Furthermore, the meeting saw the reappointment of RSM Avais Hyder Liaquat Nauman, Chartered Accountants, as the external auditors for the bank. Their appointment will last until the next Annual General Meeting, allowing the Board of Directors to determine their remuneration. This decision underscores the bank’s continued reliance on established auditing expertise to oversee its financial processes.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions passed are in accordance with Regulations 5.6.9(b) of the PSX Rule Book. This ensures that the bank’s actions remain compliant with local regulatory requirements, providing assurance to investors and stakeholders.

The resolutions were officially documented as certified true copies, formalizing the decisions made by the shareholders and reinforcing the bank’s commitment to governance and regulatory adherence. The designated market category for Apna Microfinance Bank Limited remains unchanged following these resolutions.