Karachi: Elahi Cotton Mills Limited successfully concluded its 56th Annual General Meeting on October 26, 2026, addressing significant agenda items. The resolutions passed during the meeting confirmed previous minutes, adopted critical financial reports, and appointed auditors for the forthcoming fiscal year.

The proceedings began with the confirmation and adoption of the minutes from the 55th Annual General Meeting, held on October 25, 2025. This was followed by the approval and adoption of the Chairman's Review Report, Directors, and Auditors' Reports, alongside the audited financial statements for the fiscal year ending June 30, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the financial documents reviewed included the Statement of Financial Position, Statement of Profit or Loss, and other essential financial statements. These documents were received and adopted by the company members, underscoring the company's adherence to best corporate governance practices.

The meeting also saw the appointment of BDO Ebrahim & Company, Chartered Accountants, Islamabad, as the auditors for the next financial year. The remuneration for the auditors will be determined by mutual agreement with the company's Chief Executive.

With no additional business items on the agenda, the meeting concluded with a formal vote of thanks to the chair, marking a successful conclusion to the annual gathering.