Faisalabad: Shareholders of J.K. Spinning Mills Limited convened on October 7, 2026, for their Annual General Meeting at Sheikhpura Road, Khurrianwala, Faisalabad. The meeting saw the adoption of significant resolutions, including the approval of financial statements and the appointment of new auditors.

The shareholders approved the audited financial statements for the fiscal year ending June 30, 2026, along with the Chairperson's, Directors’, and Auditors’ reports. This resolution was unanimously adopted by the attendees.

In a change of external auditors, M/s Baker Tilly Mehmood Idrees Qamar, Chartered Accountants, were appointed for the fiscal year 2026-27. This appointment replaces M/s Riaz Ahmad and Company, Chartered Accountants, with the Chief Executive Officer authorized to finalize the terms and conditions.

A final cash dividend of Rs.2 per share, representing a 20% distribution to ordinary shareholders for the fiscal year ending June 30, 2026, was also approved. The Chief Executive Officer and Company Secretary have been given the mandate to execute the payment of this dividend.

The transactions conducted with related parties, as disclosed in Note 47 of the financial statements, were ratified and confirmed. Furthermore, the Board of Directors was authorized to approve related party transactions on a case-by-case basis for the financial year ending June 30, 2027. These transactions will be subject to shareholder ratification at the next Annual General Meeting.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions are in line with the company's ongoing governance and financial strategies. The designated market category for J.K. Spinning Mills Limited remains unchanged following these resolutions.