Lahore: First Capital Securities Corporation Limited has successfully concluded its 32nd Annual General Meeting on October 28, 2025, with the approval of key resolutions and the election of a new board of directors. The meeting, conducted in compliance with PSX Regulations, saw the adoption of several notable resolutions, reflecting the company's commitment to transparency and corporate governance.
During the ordinary business proceedings, shareholders confirmed the minutes of the Extraordinary General Meeting held on September 24, 2025, affirming the previous decisions. The audited financial statements for the year ended June 30, 2025, along with reports from the Chairman, Directors, and Auditors, were received and adopted. This move underscores the company's adherence to financial accountability and strategic planning.
The shareholders also appointed M/s. Malik Haroon Ahmad & Co. Chartered Accountants as the auditors for the fiscal year ending June 30, 2026. The Chief Executive Officer has been authorized to negotiate and determine the auditors' remuneration, ensuring a fair and transparent process. This decision marks a continuation of the company's established auditing practices.
A significant highlight of the meeting was the election of seven directors to serve for a term of three years commencing from October 28, 2025. The elected directors, including Mrs. Aamna Taseer, Mr. Shahbaz Ali Taseer, Mr. Shehxyar Ali Taseer, Miss Shehrbano Taseer, Mr. Umair Fakhar Alam, Mr. Haider Sajjad, and Mr. Wagar Nisar, bring a diverse array of expertise and leadership to the board.
According to information available from the Pakistan Stock Exchange (PSX), the resolutions passed at the meeting reflect First Capital Securities Corporation's strategic focus on enhancing shareholder value and strengthening its governance framework. The company's actions demonstrate a commitment to maintaining high standards of corporate responsibility.
The meeting's outcomes align with First Capital Securities Corporation's ongoing efforts to optimize its operations and reinforce its standing in the financial services sector. The newly elected board is expected to guide the company through its next phase of growth, leveraging their collective experience to navigate the evolving market landscape.