Karachi, The shareholders of Hira Textile Mills Limited convened at the Annual General Meeting held on June 26, 2023, in Lahore. The meeting addressed crucial agenda items, including the adoption of audited accounts and the appointment of auditors for the company.
Under Agenda Item No. 1, the shareholders received and adopted the audited accounts of Hira Textile Mills for the fiscal year ended on June 30, 2022. The audited financial statements, along with the Directors and auditor's reports, were considered, received, and adopted based on an ordinary resolution. These documents had previously been approved by the Board of Directors.
The adoption of the audited accounts reflects the shareholders' confidence in the financial performance and reporting practices of Hira Textile Mills. The audited accounts provide a comprehensive overview of the company's financial position and highlight key insights for stakeholders.
Moving on to Agenda Item No. 2, the shareholders deliberated on the appointment of auditors for the company and the fixation of their remuneration. Through an ordinary resolution, the shareholders unanimously appointed M/S H.A.M.D & Co., Chartered Accountants, Lahore, as the auditors for the fiscal year ending June 30, 2023. The fee for their services will be determined through mutual agreement between the Board and the Auditors.
The appointment of auditors ensures the independent verification of Hira Textile Mills' financial statements and compliance with auditing standards. M/S H.A.M.D & Co., renowned for their expertise and professionalism, will contribute to maintaining transparency and accountability within the company.