Karachi: The Board of Directors of Siddiqsons Tin Plate Limited, in a meeting held today, announced the appointment of M/s Muniff Ziauddin & Co., Chartered Accountants, as the new auditors of the Company. This decision comes in response to the requirements stipulated under Section 246(6) of the Companies Act, 2017, following the resignation of the previous auditors, M/s Yousuf Adil & Co., Chartered Accountants.

The appointment is intended to address the casual vacancy on the board, ensuring compliance with statutory obligations. The resignation of the previous auditors necessitated prompt action to maintain the integrity and continuity of the company's auditing processes.

According to information available from the Pakistan Stock Exchange (PSX), Siddiqsons Tin Plate Limited is classified under the designated market category. The board's decision to appoint M/s Muniff Ziauddin & Co. aims to ensure a seamless transition and uphold the company's commitment to transparency and accountability.

The Exchange has been duly informed to update the TRE Certificate Holders regarding the appointment. The Company's move to swiftly fill the vacancy underscores its focus on adhering to regulatory guidelines and maintaining stakeholder confidence.