Lahore: In the 38th Annual General Meeting of Bilal Fibres Limited, held on October 28, 2024, at the company’s registered office in Lahore, shareholders adopted key resolutions affecting the company's governance and financial oversight.

The session commenced with the confirmation of the minutes from the last Annual General Meeting, which also occurred on October 28, 2024. Shareholders approved the minutes, establishing a consistent record of the company's annual gatherings.

Significantly, the Annual Audited Financial Statements for the fiscal year ended June 30, 2024, were adopted. This includes the Director’s report, Chairman’s review, and Auditors’ report, marking a critical annual compliance and transparency requirement. According to information available from the Pakistan Stock Exchange (PSX), such approvals are essential for maintaining investor confidence and regulatory compliance.

Furthermore, the appointment of M/S Mushtaq and Co, Chartered Accountants, as the statutory auditors for the upcoming fiscal year ending June 30, 2025, was approved. In a related resolution, the Chief Executive of Bilal Fibres Limited was authorized to negotiate and finalize the audit fees for this period.

These decisions reflect the company’s adherence to rigorous financial standards and its commitment to effective corporate governance practices. Each resolution was passed without dissent, illustrating a unified front among the shareholders regarding the company's operational direction and financial oversight.