Karachi: In a significant corporate assembly, Habib Rice Products Ltd. concluded its 44th Annual General Meeting on October 25, 2024, with key resolutions passed that will influence the company’s trajectory for the coming year. Held in Karachi, the meeting saw the approval of the past meeting's minutes, the audited financial statements for the fiscal year ended June 30, 2024, and the appointment of a new auditor for the next fiscal cycle.

The shareholders of Habib Rice Products Ltd. ratified the minutes from the previous Annual General Meeting, which was convened on October 26, 2023. This approval reaffirms the decisions made during the last annual gathering and sets a procedural compliance standard moving forward.

Additionally, the audited financial statements for the year ending June 30, 2024, along with the Chairman's Review and Directors' Report, were endorsed. These documents reflect the company's financial health and strategic direction, providing a transparent view to shareholders about its performance and management’s foresight.

In a crucial move impacting fiscal oversight, the assembly resolved to appoint Grant Thornton Anjum Rahman, Chartered Accountants, as the company’s auditors for the year 2024-2025. The appointment is contingent on mutual agreement regarding the fee and requires final approval from the Chairman of the Board.

According to information available from the Pakistan Stock Exchange (PSX), these decisions are integral to maintaining shareholder trust and ensuring regulatory compliance. The exchange’s rules mandate that such resolutions be promptly disclosed to keep the trading environment fair and informed.

This annual meeting not only underscores Habib Rice Products Ltd.’s commitment to robust corporate governance but also positions the company for continued growth and compliance in the upcoming fiscal period.