Lahore: Shareholders of Hira Textile Mills Limited convened for their Annual General Meeting on April 19, 2025, in Lahore, where they unanimously approved several significant resolutions concerning the company's future activities and financial oversight.

During the meeting, the shareholders confirmed the minutes from the previous Annual General Meeting held on November 20, 2024. This resolution paved the way for subsequent approvals and discussions, ensuring continuity in the company's governance.

A noteworthy resolution was the acceptance and adoption of the audited accounts for the fiscal year ending June 30, 2024. The approval included the directors' and auditors' reports, as well as the Chairman's review report, signifying a comprehensive endorsement of the company's financial health and transparency.

The shareholders also deliberated on the appointment of external auditors for the financial year ending June 30, 2025. Rehman Sarfraz Rahim Iqbal Rafiq, Chartered Accountants, were appointed to this role, entrusted with conducting the company's audits until the conclusion of the next Annual General Meeting. The Chief Executive of the company has been authorized to negotiate and determine the auditors’ remuneration.

According to information available from the Pakistan Stock Exchange (PSX), these decisions reflect the company's commitment to maintaining rigorous financial standards and providing shareholders with transparent oversight. The resolutions passed during the meeting will be communicated to relevant authorities, where required, and will remain in effect until further notice.

This meeting underscores the proactive measures taken by Hira Textile Mills Limited to ensure sound corporate governance and financial accountability, aligning with industry standards within the designated market category.