Karachi: Engro Powergen Qadirpur Limited has concluded its 19th Annual General Meeting, held on March 25, 2025, where key resolutions were passed by its members, marking an important milestone for the company.

During the meeting, the members approved the company’s audited financial statements for the year ending on December 31, 2024. The approval also encompassed the Directors’ and Auditor’s Reports, as well as the Chairman’s Review Report. These documents provide a comprehensive overview of the company’s financial health and compliance with regulatory standards. The statement of compliance with the Listed Companies (Code of Corporate Governance) Regulations, 2019, along with the Auditor’s Review Report on the compliance statement, were also endorsed.

Furthermore, the meeting saw the re-appointment of A. F. Ferguson and Co., Chartered Accountants, as the external auditors for the year 2025. This decision was made with the agreement of both parties on the terms, including the remuneration for their services. The remuneration will cover federal or provincial taxes and the reimbursement of out-of-pocket expenses incurred by the auditors.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions are significant as they ensure the continuity of financial oversight and compliance with governance standards, which are crucial for maintaining investor confidence and market stability. The company operates within the designated market category of energy, a sector that plays a vital role in the country’s infrastructure development.

The proceedings of the 19th Annual General Meeting reflect Engro Powergen Qadirpur Limited’s commitment to transparency and accountability, aligning with its strategic objectives and regulatory requirements.