Karachi: Dewan Khalid Textile Mills Limited has confirmed and adopted the minutes from its preceding Annual General Meeting (AGM) during its recent AGM held on April 14, 2025. The company has also approved the annual audited financial statements for the fiscal year ended June 30, 2023.

The resolutions passed during the meeting included the confirmation, approval, and adoption of the minutes from the previous AGM, which took place on January 27, 2025. The chairman of the meeting was granted the authority to sign these minutes, signifying the company's approval.

In addition to the confirmation of the minutes, the company resolved to approve the annual audited financial statements for the year ending June 30, 2023. This approval was accompanied by the Directors' and Auditors' reports, which were also adopted as part of the resolution process.

The meeting further resolved to authorize the Chief Executive Officer of Dewan Khalid Textile Mills Limited to negotiate and establish the remuneration for the auditors for the upcoming fiscal year. This decision is part of the company's standard procedure to ensure transparency and accountability in its financial dealings.

According to information available from the Pakistan Stock Exchange (PSX), Dewan Khalid Textile Mills Limited operates within the designated market category of textile manufacturing. The resolutions passed in the AGM reflect the company's adherence to its governance procedures and financial management practices.