Lahore: Jalicharabad Sugar Mills Limited convened its 56th Annual General Meeting (AGM) on January 28, 2025, at its registered office in Kot Lakhpat, Lahore, where significant resolutions were adopted by the company's members. The meeting, held at 11:00 a.m., was conducted in compliance with clause 5.6.9(b) of the Pakistan Stock Exchange (PSX) Regulations.

During the AGM, the members focused on ordinary business matters critical to the company's financial and operational future. A key resolution passed was the approval and adoption of the audited financial statements for the fiscal year ending September 30, 2024. This included the Director's Report, the Auditors' Report, the Chairman's Review, the Statement of Compliances of the Code of Corporate Governance, and the Auditors' Review on the Statement of Compliances. The members expressed their satisfaction with the company's performance and unanimously resolved to approve these critical documents.

Furthermore, the AGM addressed the appointment of auditors for the upcoming financial year ending September 30, 2025. M/S UHY Hassan Naeem and Co., Chartered Accountants, who have served the company previously, expressed their willingness for re-appointment. Members voted in favor of retaining them, highlighting their trust and confidence in the auditors' capabilities.

The meeting also allowed for the transaction of any other business with the chair's permission, although no additional issues were raised. The assembly concluded with a vote of thanks to the Chair for overseeing the proceedings effectively.

According to information available from the Pakistan Stock Exchange (PSX), Jalicharabad Sugar Mills Limited continues to operate within the designated market category, maintaining its compliance with relevant financial and corporate governance standards. The resolutions passed at the AGM underscore the company's commitment to transparency and accountability in its financial dealings.