Karachi: Cnergyico Pk Limited held its 30th Annual General Meeting on October 24, 2024, where shareholders approved several key resolutions, including the confirmation of previous meeting minutes, the adoption of financial statements, and the re-appointment of auditors.

Shareholders confirmed the minutes of the 29th Annual General Meeting held on October 27, 2023, and the Extraordinary General Meeting held on March 26, 2024. This procedural step ensures that the records of past meetings are officially recognized and accepted.

The meeting also saw the approval and adoption of the audited unconsolidated and consolidated financial statements for the financial year ending on June 30, 2024. These statements were accompanied by reports from the directors and auditors, which were also accepted by the shareholders. According to information available from the Pakistan Stock Exchange (PSX), this move aligns with the company's regulatory obligations.

In addition, shareholders agreed to the re-appointment of Messrs Yousuf Adil, chartered accountants, as auditors for the financial year ending on June 30, 2025. This re-appointment comes with a 10% increase in remuneration compared to the previous year. The company's executive team, including the Chief Executive Officer, Chief Financial Officer, and Company Secretary, are authorized to finalize the auditors' remuneration and execute their engagement letter.

The Company Secretary has been tasked with completing all necessary regulatory and secretarial formalities related to these resolutions, ensuring compliance with the relevant corporate governance standards.