Karachi: Invest Capital Investment Bank Limited has successfully held its 32nd Annual General Meeting (AGM) on October 25, 2024, during which multiple key resolutions were passed, including the adoption of audited financial statements for the fiscal year ended June 30, 2024. The meeting, pivotal for the bank’s annual governance and strategic planning, saw the confirmation and approval of several significant items on the agenda.
The resolutions, formally documented and presented to the Pakistan Stock Exchange, include the confirmation of the minutes from the Extraordinary General Meeting held on September 26, 2024. The shareholders confirmed the accuracy and completeness of these minutes, thereby formally acknowledging the decisions taken during the prior gathering.
According to information available from the Pakistan Stock Exchange (PSX), the bank has resolved to accept the audited annual financial statements along with the comprehensive directors’ and auditors’ reports. These documents were reviewed and officially adopted during the meeting, marking a critical step in the bank’s compliance and financial transparency.
Further resolutions focused on the appointment of external auditors for the upcoming fiscal year. RSM Avais Hyder Liaquat Nauman, Chartered Accountants, have been reappointed as the bank's auditors until the next AGM. They will oversee the financial operations of the company for the fiscal year 2024-2025, with their remuneration to be determined by the Board of Directors.
Additionally, the AGM granted authorization for the bank to circulate its Audited Annual Financial Statements to its members using QR-enabled codes and web links, an initiative aligned with modern digital communication standards as per SECP regulation S.R.O. 389(I)/2023.
The AGM concluded with a resolution empowering the Chief Executive or Company Secretary to undertake all necessary actions to ensure compliance with legal formalities. This includes the execution of all necessary documents and the adoption of measures incidental to or required for the effective implementation of the resolutions adopted at the meeting.