Karachi: Dost Steels Limited, during its Annual General Meeting held on October 28, 2025, passed key resolutions concerning its financial statements and the appointment of new auditors. The resolutions, which were certified during the meeting, focused on adopting the company's annual audited financials and transitioning to a new auditing firm.

The shareholders approved the annual audited financials for the fiscal year ending June 30, 2025, along with reports from the directors and auditors. This marks a critical step in the company's financial governance for the year.

In a significant development, the company confirmed that Rahman Sarfraz Rahim Iqbal Rafiq Chartered Accountants, the retiring auditors, have concluded their term. The meeting resolved to appoint M/s. Mushtaq & Co., Chartered Accountants, as the new auditors for the financial year ending June 30, 2026. The appointment is in compliance with Section 246 of the Companies Act, 2017, and the remuneration for the auditors will be determined by the Board of Directors in consultation with the appointees.

According to information available from the Pakistan Stock Exchange (PSX), the financial oversight and audit transitions at Dost Steels Limited are anticipated to align with regulatory requirements and shareholder expectations. The appointment of M/s. Mushtaq & Co. reflects the company's strategic decision to ensure transparency and accountability in its financial reporting and auditing processes.

This transition in auditors is seen as a part of the company's ongoing commitment to maintaining robust financial controls and governance structures. The designation of M/s. Mushtaq & Co. is expected to bring a fresh perspective to the company's auditing practices, which will be assessed in the next Annual General Meeting.