Karachi: JS Investments Limited has successfully convened its 30th Annual General Meeting, where shareholders unanimously passed several significant resolutions, according to certified copies released from the meeting held on April 10, 2025.

The meeting, which took place in Karachi, included a comprehensive review and approval of the company's audited financial statements for the fiscal year ending December 31, 2024. The Board of Directors recommended the adoption of these financial documents, which comprise the Directors' report, Auditors' report, and Chairman's Review Report. Shareholders voted in favor of these documents, ensuring their official adoption.

In addition to financial statement approvals, the shareholders endorsed the reappointment of Messrs. KPMG Taseer Hadi & Co., Chartered Accountants, as the auditors for the upcoming fiscal year ending December 31, 2025. This decision was made following recommendations from both the Audit Committee and the Board of Directors. The auditors will continue their work with JS Investments Limited under mutually agreed remuneration terms.

The meeting further addressed special business resolutions. Shareholders ratified, approved, and confirmed transactions that the company and its managed funds executed with IS Bank Limited and Bankislami Pakistan Limited during the financial year ending December 31, 2024. These transactions, conducted in the ordinary course of business, were presented for shareholder approval as part of the agenda.

Additionally, the Chief Executive Officer of JS Investments Limited received authorization to approve further transactions with JS Bank Limited and Bankislami Pakistan Limited. These transactions are to be conducted on an arm's length basis, with the stipulation that they be presented for ratification or approval at the next Annual General Meeting.

According to information available from the Pakistan Stock Exchange (PSX), JS Investments Limited operates within the designated market category, ensuring compliance with relevant financial and regulatory standards. The resolutions passed during the meeting underscore the company's commitment to transparent governance and strategic financial management.

The resolutions and approvals granted at the meeting reflect JS Investments Limited's ongoing efforts to maintain robust financial practices and strategic partnerships with key financial institutions. The outcomes of this meeting are anticipated to fortify the company's operational framework as it progresses through the current fiscal year.