Karachi: Sakrand Sugar Mills Limited announced the successful approval of several pivotal resolutions during its 36th Annual General Meeting held on Tuesday, January 28, 2025. The meeting, which took place as per the regulations set forth by the Pakistan Stock Exchange, marked a significant milestone for the Company as it charted its course for the upcoming fiscal year.

During the meeting, shareholders officially approved the minutes from the previous 35th Annual General Meeting, which was conducted on January 26, 2024. This procedural step ensures continuity and confirms that the previous meeting's decisions were accurately recorded and accepted by the stakeholders.

Another critical resolution passed was the approval of the audited financial statements for the year ending September 30, 2024. These statements, accompanied by the Chairman's Report, Director's Report, and Auditor's Report, provide a comprehensive overview of the Company's financial health and operational performance over the past year.

A significant appointment was made concerning the Company's statutory auditors. The shareholders resolved to appoint M/S. Parker Russell A.J.S and Co. Chartered Accountants as the statutory auditors for the year ending September 30, 2025. The remuneration for their services will be determined by the Company's Board, underscoring the importance of financial oversight and accountability.

The resolutions passed at this meeting are crucial for the Company's strategic planning and compliance with financial regulations. According to information available from the Pakistan Stock Exchange (PSX), such resolutions play a vital role in maintaining the transparency and integrity of financial reporting within the designated market category.

These decisions reflect Sakrand Sugar Mills Limited's commitment to maintaining high standards of corporate governance and financial reporting, which are essential for gaining and retaining the trust of its investors and stakeholders.