Karachi: Siddiqsons Tin Plate Limited convened its 29th Annual General Meeting on July 25, 2025, in Karachi, where key resolutions were passed, including the confirmation of previous meeting minutes and the adoption of financial statements. The meeting recorded the attendance of 109 persons, either in person or through proxy, representing 91.55 million shares, accounting for 99.9828% participation.
The meeting began with the confirmation of the minutes from the Extraordinary General Meeting held on December 29, 2023. This was a procedural step ensuring the accuracy and approval of past deliberations and decisions.
A significant agenda was the adoption of the audited financial statements for the year ending June 30, 2024. The shareholders received and considered the financial documents alongside the Directors' and Auditors' Reports. The reports provided a comprehensive review of the company's financial health and operational performance over the previous fiscal year.
Another key resolution was the reappointment of M/s. Muniff Ziauddin Chartered Accountants as the company’s auditors for the financial year 2024-2025. The decision was based on their eligibility and willingness to continue in the role. The Board of Directors was authorized to determine the remuneration for the auditors, reflecting the company's standard practice of overseeing financial accountability and transparency.
According to information available from the Pakistan Stock Exchange (PSX), Siddiqsons Tin Plate Limited is classified under the designated market category. The resolutions passed during the meeting are expected to maintain investor confidence and ensure the company's compliance with corporate governance standards.
The meeting was chaired by Mr. Muhammad Tariq Rafi, with other directors and company executives in attendance. Notably, Mr. Azam Khan attended as a proxy for directors Ms. Alia Sajjad and Mr. Ibrahim Shamsi. The meeting underscored the company's commitment to maintaining shareholder engagement and ensuring adherence to corporate protocols.