Lahore: Pace Pakistan Limited, during its 34th Annual General Meeting held on October 28, 2025, secured approval for several key resolutions, marking significant decisions for the company’s upcoming financial year.
The shareholders confirmed the minutes of the Extraordinary General Meeting that took place on September 24, 2025. The resolution to approve these minutes was passed without opposition, as noted in the formal records of the meeting.
A primary agenda of the meeting was the adoption of the audited financial statements for the fiscal year ending June 30, 2025. The shareholders reviewed and accepted the financial documents, which included the Chairman’s Review, Directors’ Report, and Auditors’ Report. This acceptance underscores the company’s commitment to transparency and accountability in its financial reporting.
The meeting also focused on the appointment of auditors for the upcoming financial year ending June 30, 2026. M/s Junaidy Shoaib Asad, Chartered Accountants, was appointed to continue as the company’s auditors. The resolution grants authority to the Chief Executive to negotiate and finalize the remuneration for the auditors. This decision ensures continuity in financial oversight, critical for maintaining investor confidence.
According to information available from the Pakistan Stock Exchange (PSX), Pace Pakistan Limited’s strategic actions during this meeting align with broader corporate governance trends observed in the market. The company’s adherence to rigorous financial reporting and audit processes reflects its dedication to meet stakeholders’ expectations.
These resolutions, passed during the annual meeting, set the stage for Pace Pakistan Limited’s operational and financial strategies in the coming year. The company’s proactive approach in confirming key financial and governance decisions highlights its focus on sustained growth and operational efficiency.