Karachi: At the Annual General Meeting of Dost Steels Limited held on November 27, 2024, shareholders approved several critical resolutions, signifying key decisions in the company's governance and financial reporting for the upcoming fiscal year.

The meeting commenced with the approval and adoption of the minutes from the Extra Ordinary General Meeting held on September 19, 2024. This resolution was passed as an ordinary resolution, highlighting the company's commitment to maintaining accurate and up-to-date records of its proceedings.

In another significant move, the shareholders approved the Annual Audited Financials for the year ending June 30, 2024. The financial statements, along with the Directors' and Auditors' Reports, were adopted during the meeting. This approval reflects the company’s financial performance and strategic planning over the past year.

According to information available from the Pakistan Stock Exchange (PSX), the meeting also addressed the appointment of auditors for the next fiscal year. The current auditors, Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants, who are retiring, were deemed eligible and offered themselves for reappointment for the fiscal year ending June 30, 2025. The remuneration for the auditors will be agreed upon in due course.

These resolutions underscore Dost Steels Limited's ongoing efforts to ensure robust financial management and compliance with corporate governance standards.