Lahore: Arpak International Investments Ltd. convened its 47th Annual General Meeting on October 25, 2024, where shareholders approved several significant resolutions, including the endorsement of financial statements and the appointment of external auditors for the upcoming fiscal year.

The shareholders approved the Annual Audited Financial Statements for the year ended June 30, 2024, along with the Transactions with Related Parties, as well as the accompanying Auditors' and Directors' Reports. This approval marks a critical step in the company's compliance and transparency efforts for the fiscal year.

In another resolution, M/s. ShineWing Hameed Chaudhri and Co, Chartered Accountants, based in Lahore, were appointed as the external auditors for the fiscal year ending June 30, 2025. The decision reflects the company's commitment to maintaining rigorous auditing standards.

Additionally, six directors were elected to the board for a three-year term. The elected directors are Mr. Abbas Sarfaraz Khan, Ms. Najda Sarfaraz, Mr. Iskander M. Khan, Mr. Baber Ali Khan, Mr. Faiysal AliKhan (Independent Director), and Mr. Sher Ali Jafer Khan (Independent Director).

According to information available from the Pakistan Stock Exchange (PSX), the meeting also saw the approval of a resolution to extend the grace period for the repayment of a balance loan amount from Chashma Sugar Mills Limited, an associated undertaking, by four years. This extension reflects the company's strategic financial planning.

The resolutions passed at the meeting underscore Arpak International Investments Ltd.'s ongoing efforts to align with corporate governance practices and ensure financial stability.