Karachi: The 44th Annual General Meeting of Karam Ceramics Limited concluded successfully with key resolutions passed, as documented in the certified copy submitted in accordance with Regulation No. 5.6.9 (b) of the Rule Book of Pakistan Stock Exchange.

The first resolution dealt with the audited financial statements of the company for the fiscal year ended June 30, 2023, and the accompanying reports of the Board and the Auditors. The shareholders resolved to approve and adopt the Audited Financial Statements of the Company for the year ended June 30, 2023, alongside the reports of the Board and the Auditors. The resolution ensures that the financial statements and reports are in accordance with the statutory requirements and provide a transparent financial overview of the company's performance during the fiscal year.

The second resolution addressed the appointment of the Statutory Auditors for the fiscal year 2023-2024. The shareholders decided to appoint M/s. Crowe Hussain Chaudhury and Co, Chartered Accountants, as the auditors of the company for the year ending June 30, 2024, and until the conclusion of the next Annual General Meeting. The fee for the auditors' services was mutually agreed upon between the management and the auditors, ensuring that the company’s financial auditing is in competent hands.

The resolutions passed at the Annual General Meeting reflect the shareholders' trust in the company’s governance and their commitment to ensuring the financial stability and transparency of Karam Ceramics Limited.