Islamabad: In a recent development, M/s BOO Ebrahim & Co., a firm of chartered accountants, has been appointed as the statutory auditors for the upcoming financial year. This decision was formalized during the company’s Annual General Meeting (AGM) held on April 10, 2026. The Islamabad office of the accounting firm will conduct the statutory audits for the year ending December 31, 2025.

The appointment comes with an aggregate professional fee of Rs. 700,000, a figure that reflects a significant reduction in the business operations of the company. This fee is inclusive of all statutory audit assignments, underscoring the adjustments made in line with the company’s current financial landscape.

According to information available from the Pakistan Stock Exchange (PSX), the appointment of BOO Ebrahim & Co. is seen as a strategic decision aligned with the company’s financial adjustments. The move to appoint new auditors was driven by the necessity to adapt to the changing scale of business activities, as indicated by the modified fee structure.

The designated market category for this development remains unaltered, providing continuity in market operations despite the internal financial restructuring. The company has not disclosed further details regarding the extent of the business reduction, but the decision to adjust audit fees indicates a prudent approach to managing financial resources.