Lahore: In a significant development at Kohinoor Power Company Limited, the members of the company convened their Annual General Meeting on Wednesday, October 28, 2026, at its headquarters on Egerton Road, Lahore. The meeting saw the passage of several critical resolutions.

During the session, the Annual Audited Accounts for the year ending June 30, 2026, were received, adopted, and approved. This included the Directors' and Auditors' Reports, marking a key step in the company's annual financial cycle.

In addition, M/s Rahman Sarfaraz Rahim Iqbal Rafiq & Co., a Lahore-based Chartered Accountants firm, was appointed as the auditors for the next fiscal year. The Chief Executive has been authorized to determine their remuneration, ensuring the continuity of financial oversight.

The meeting also ratified and approved the related party transactions undertaken by the company for the financial years ending June 30, 2025, and June 30, 2026, as disclosed in the financial statements (Notes No. 31.1).

Furthermore, the Board of Directors has been granted the authority to engage in transactions with related parties for the financial year ending June 30, 2027. The board is empowered to execute necessary steps, including the signing of documents or purchase orders, to facilitate these transactions. These transactions will be presented for ratification at the next annual general meeting.

According to information available from the Pakistan Stock Exchange (PSX), Kohinoor Power Company Limited operates within the designated market category, contributing to the regional economic landscape.

The resolutions passed during the meeting underscore the company's commitment to transparent governance and strategic financial planning as it navigates the upcoming fiscal year.