Karachi: Loads Limited, in compliance with regulation 5.6.9(b) of the Rule Book of Pakistan Stock Exchange Limited, held its 45th Annual General Meeting on October 24, 2025, at its premises in the Pakistan Steel Industrial Estate, Bin Qasim, Karachi. The meeting, attended by the company's shareholders, saw the passage of several resolutions pertaining to both ordinary and special business.

In the ordinary business segment, the company confirmed the minutes of the previous Annual General Meeting held on October 24, 2024. The shareholders unanimously approved the resolution, ensuring continuity and record-keeping.

Further, the meeting addressed the financial performance of the company. The members received, considered, and adopted the audited financial statements for the year ending June 30, 2025. The statements were accompanied by the Directors' and Auditors' reports, which were also approved by the shareholders. This adoption reflects the company's adherence to transparency and regulatory compliance.

Another significant decision included the reappointment of M/s Yousuf Adil Chartered Accountants as the company's external auditors for the fiscal year ending June 30, 2026. The resolution to fix their remuneration was also approved, pending mutual agreement between the company and the auditors. This decision underscores the company's commitment to maintaining consistent and independent auditing processes.

Under special business, the meeting ratified transactions conducted with associated companies during the financial year that ended on June 30, 2025. Furthermore, the Chief Executive was authorized to approve and execute necessary actions for future transactions with associated companies for the year ending June 30, 2026.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions are part of the company's strategic initiatives to ensure operational efficacy and compliance with market regulations.

The resolutions passed in this meeting are pivotal for Loads Limited as they set the stage for the company’s operations and governance in the forthcoming fiscal year. The company continues to engage its shareholders in key decisions, reinforcing its commitment to corporate governance and stakeholder involvement.