Islamabad: Elahi Cotton Mills Limited successfully concluded its 54th Annual General Meeting on October 25, 2024, at its registered office in Islamabad, where several key resolutions were passed.

During the meeting, the minutes from the previous 53rd Annual General Meeting, held on October 25, 2023, were confirmed and adopted. Additionally, the attendees approved and adopted the Chairman's Review Report, along with the reports from the directors and auditors, and the audited financial statements for the fiscal year ending June 30, 2024. These financial documents included the Statement of Financial Position, Statement of Profit or Loss, Statement of Comprehensive Income, Statement of Cash Flows, Statement of Changes in Equity, and a Statement of Compliance with Best Practices of Corporate Governance.

According to information available from the Pakistan Stock Exchange (PSX), the meeting also saw the appointment of BDO Ebrahim and Company, Chartered Accountants, Islamabad, as the external auditors for the coming financial year. The remuneration for the auditors will be negotiated and agreed upon by the Chief Executive of the company.

The meeting concluded with an agenda to transact any other ordinary business of the company, completing the resolutions of the day.