Karachi: Hascol Petroleum Limited has announced its plans to conduct the Twenty-Third Annual General Meeting (AGM) on June 11, 2025, in Karachi, with provisions for virtual participation via a video-link facility. The meeting will address several key business items pertinent to the company's operations and future direction.
The agenda for the AGM includes confirming the minutes from the previous meeting held on July 24, 2024. Attendees will also review and consider the adoption of the Annual Audited Financial Statements for the year ending December 31, 2024. These financial statements will be accompanied by reports from the company's Directors, Auditors, and a Review Report from the Chairman.
A significant matter to be addressed during the meeting is the appointment of auditors for the financial year 2025, as well as the determination of their remuneration. These decisions are crucial for maintaining the company’s financial integrity and transparency.
According to information available from the Pakistan Stock Exchange (PSX), Hascol Petroleum Limited is categorized under the oil and gas marketing sector. The final agenda item will allow for the transaction of any other business, contingent upon the permission of the Chair.
The meeting reflects Hascol Petroleum Limited's commitment to involving stakeholders in its financial and operational planning, ensuring accountability and comprehensive oversight in its governance practices.