Lahore: The Pakistan Credit Rating Agency Limited (PACRA) held its 32nd Annual General Meeting on October 28, 2026, where shareholders passed several resolutions pertaining to both ordinary and special business matters.

The annual meeting commenced with the adoption of the company's financial statements. Shareholders approved the Annual Audited Standalone and Consolidated Financial Statements for the year ending June 30, 2026. This approval included the Chairman's Review Report, Directors' Reports, and Auditors' Reports. The financial statements provide a comprehensive overview of PACRA's fiscal performance and operational standing over the past year.

In other business, the shareholders re-appointed M/s. BDO Ebrahim & Co., Chartered Accountants, as the statutory auditors for the company for the fiscal period ending June 30, 2027. This decision followed a recommendation from the Audit and Risk Committee. The re-appointment of the auditors will hold until the next Annual General Meeting, with remuneration to be determined by the Board of Directors.

According to information available from the Pakistan Stock Exchange (PSX), these corporate resolutions are significant to PACRA’s operational transparency and governance practices.

In terms of special business, shareholders ratified and confirmed transactions conducted with related parties for the year ending June 30, 2026. These transactions, disclosed in note 36 to the unconsolidated financial statements, were approved without modification. Furthermore, the Board of Directors received authorization to approve transactions under ordinary business with related parties for the fiscal year ending June 30, 2027. Such transactions will be formally ratified in the next Annual General Meeting.

The shareholders' decisions during the AGM reflect a consensus on the company's strategic direction and governance framework, reinforcing PACRA's commitment to maintaining robust financial practices.