Karachi: Sardar Chemical Industries Limited has successfully conducted its 34th Annual General Meeting (AGM) on October 27, 2023, at its Industrial Estate location in District Swabi, KPK. The meeting resulted in the passing of several key resolutions.

The first resolution confirmed the minutes of the 33rd AGM, held on October 28, 2022, with a unanimous decision to adopt the recorded proceedings. Subsequently, the company's Annual Audited Financial Statements, alongside the Chairman's Review, Directors', and Auditors' Reports for the fiscal year ending on June 30, 2023, were received and formally adopted.

Additionally, the AGM oversaw the election of seven directors for the next term as per section 159 of the Companies Act, 2017. The newly elected directors are Sardar Ayaz Sadiq, Mrs. Reema Ayaz, Mrs. Tayybah Mahmood Sadiq, Mr. Shahid Aziz, Mr. Abdul Rehman Qureshi, Mr. Aitzaz Ahmad Tarar, and Mr. Fayyaz Ahmed Khan.

Finally, the AGM approved the re-appointment of M/s Aslam Malik & Co., Chartered Accountants, as the external auditors for the next financial year ending June 30, 2024. The remuneration was set through mutual agreement, including the reimbursement of actual out-of-pocket expenses.