Lahore: First National Equities Limited held its Annual General Meeting on October 27, 2026, at 179/B, Abubakar Block, New Garden Town, where significant resolutions were passed concerning the company's governance and financial reporting.
The meeting, documented in a report dated October 28, 2026, confirmed the minutes from the Extra Ordinary General Meeting held earlier on January 12, 2026. The confirmation marks a critical review of the company's prior engagements and decisions.
During the AGM, the audited financial statements for the financial year ending June 30, 2026, were considered and adopted. These statements included both consolidated and unconsolidated reports, alongside assessments from the Board of Directors and auditors. This adoption reflects the company's commitment to transparency and regulatory compliance in its financial disclosures.
A resolution was also passed to re-appoint M/s Muniff Zia Uddin & Co., Chartered Accountants, as the company's auditors. This appointment is made in accordance with the provisions of the Companies Act, 2017. The auditors will serve from the conclusion of this AGM until the next one in 2027. Their remuneration will be determined by an agreement between the Board of Directors and the statutory auditor.
According to information available from the Pakistan Stock Exchange (PSX), First National Equities Limited operates within the designated market category for financial services. The resolutions passed at the AGM are poised to influence the company's strategic direction in the upcoming fiscal periods.