Hub Chowki: Bolan Castings Limited convened its 43rd Annual General Meeting on October 22, 2025, at its registered office in Hub Chowki, District Lasbela, Balochistan. The meeting, adhering to the provisions of Regulation No. 5.6.9 (b) of the Pakistan Stock Exchange Rule Book, confirmed and adopted several key resolutions.
During the ordinary business segment, shareholders confirmed the minutes from the 42nd Annual General Meeting held on October 24, 2024. The minutes were unanimously accepted and adopted by the attendees.
The meeting then proceeded to receive, consider, and adopt the audited financial statements for the fiscal year ending June 30, 2025. Alongside these statements, the Chairman's review, Directors' report, and Auditors' report were also approved and adopted.
For the upcoming financial year ending June 30, 2026, M/s. A.F. Ferguson & Co., Chartered Accountants, were appointed as the company's auditors. The remuneration for their services was set at Rs.1,732,500 for the annual audit, Rs. 500,000 for the half-yearly limited scope review, and Rs. 115,500 for reporting on compliance with the Listed Companies (Code of Corporate Governance) Regulations 2019.
In the special business section of the meeting, a resolution was passed to ratify and approve transactions with a Group company for the year ending June 30, 2025. These transactions, conducted in the normal course of business, were disclosed in note 37 of the financial statements.
Additionally, the Chief Executive of Bolan Castings Limited was authorized to approve future transactions with Group companies for the year ending June 30, 2026. This authorization is subject to final approval and ratification by shareholders at the next Annual General Meeting. The Chief Executive was also empowered to undertake necessary actions and execute requisite documentation on behalf of the company in this regard.
According to information available from the Pakistan Stock Exchange (PSX), these resolutions align with the company's strategic objectives and compliance requirements.
The resolutions passed during this session have been certified as true and adopted by the shareholders of Bolan Castings Limited, marking a significant step forward in the company's governance and operational transparency.