Lahore: Service Industries Textiles Ltd convened its 64th Annual General Meeting on October 28, 2025, where significant resolutions concerning corporate governance and financial oversight were passed. The meeting addressed ordinary business items, including confirmations, financial approvals, and director elections.

Members of the company confirmed the minutes of the previous annual meeting held on October 28, 2024. The chairman was authorized to sign the minutes, ensuring procedural continuity and record-keeping.

A key financial resolution involved the approval of the company's audited accounts for the year ending June 30, 2025. This included the adoption of the Directors' and Auditors' Reports, as recommended by the board. These reports were presented to the chairman and circulated among members for approval.

The appointment of statutory auditors for the upcoming fiscal year was also a focal point. M/s Crowe Hussain Chaudhury & Co. Chartered Accountants were reappointed as statutory auditors of Service Industries Textiles Ltd. This decision followed compliance with clause (32) of the Code of Corporate Governance.

The meeting also witnessed the election of seven directors as determined by the board for a three-year term starting October 31, 2025. Retiring directors included Mr. Aamer Hameed, Mr. Mohammad Hameed, and others. The newly elected directors comprised Mr. Aamer Hameed, Mr. Mohammad Hameed, Mrs. Sadia Hamid, and others. The resolution for their election was unanimously approved.

According to information available from the Pakistan Stock Exchange (PSX), Service Industries Textiles Ltd operates within the designated market category of textiles. This AGM marks a pivotal moment for the company as it prepares for the upcoming fiscal year with a refreshed board and confirmed financial strategies.