Karachi: Artistic Denim Mills Ltd. held its 34th Annual General Meeting of shareholders on October 28, 2026, where several pivotal resolutions were approved in the realm of ordinary business. The company, a prominent player in the textile industry, finalized decisions that will shape its financial and administrative future.

On October 29, 2026, the company reported that the shareholders adopted the audited financial statements along with the directors' and auditors' reports for the year ending June 30, 2026. This adoption signifies the shareholders' approval of the company's financial performance and governance over the past fiscal year.

Continuing with the agenda, the shareholders re-appointed M/s Reanda Haroon Zakaria Aamir Salman Rizwan & Company as the independent external auditors for the fiscal year ending June 30, 2027. The auditors will receive a remuneration of Rs. 1.90 million. According to information available from the Pakistan Stock Exchange (PSX), the re-appointment underscores the shareholders' confidence in the firm's audit capabilities.

In addition, the meeting saw the election of directors, with Mr. Muhammad Faisal Ahmed, Mr. Muhammad Iqbal Ahmed, Ms. Zahra Faisal Ahmed, Mr. Yazdani Zia, Mr. Muneer Ahmed, Mr. Muhammad Ozair Qureshi, and Mr. Jamal Yousuf being elected unopposed. The directors will serve a term of three years starting November 23, 2026, ensuring continuity in leadership and strategic direction for the company.

Artistic Denim Mills Ltd. continues to navigate the textile market with these strategic decisions, positioning itself for sustained growth and operational stability.