Karachi: Shareholders of Matco Foods Limited convened for the company's Annual General Meeting on October 24, 2024, where they approved several resolutions concerning corporate governance and financial reporting. The meeting was held both in Karachi and via video conference, in compliance with Pakistan Stock Exchange requirements.

During the meeting, shareholders confirmed the minutes from the previous annual meeting held on October 28, 2023. The assembly also approved the company's audited annual financial statements for the fiscal year ending June 30, 2024, along with the accompanying directors' and auditors' reports. The consolidated financial statements and auditor's report for the same period were also adopted.

In addition to financial matters, the meeting addressed the appointment of auditors for the upcoming fiscal year. M/s Grant Thornton Anjum Rehman Chartered Accountants were reappointed to serve as the company’s auditors until the conclusion of the next Annual General Meeting. The Chief Executive Officer of Matco Foods Limited is authorized to determine their remuneration in consultation with the auditors.

Moreover, the election of nine directors was conducted for a three-year term starting from October 24, 2024. The elected directors include Mr. Jawed Ali Ghori, Mr. Khalid Sarfaraz Ghori, Mr. Faizan Ali Ghori, Mr. Safwan Khalid Ghori, Mr. Abdul Samad Khan, Mr. Syed Kamran Rasheed, Mrs. Faryal Murtaza, Ms. Umme Habibah, and Mr. Mohammad Mohsin Suleman.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions passed are now submitted for information on the exchange. The meeting concluded with the provision to transact any additional business with the permission of the Chair.