Karachi: During the 46th Annual General Meeting of Supernet Technologies Limited, held on October 28, 2025, significant resolutions were passed that will shape the future direction of the company. The meeting, convened at Hotel Crown Inn in Karachi, addressed both ordinary and special business as per the agenda set forth by the company’s board and shareholders.

The ordinary business included the approval and adoption of the minutes from the Extraordinary General Meetings conducted on December 12, 2024, and June 27, 2025. Additionally, the shareholders sanctioned the Annual Audited Financial Statements for the fiscal year ending June 30, 2025, alongside the Directors and Auditors reports. This approval marks a key step in ensuring transparency and accountability in Supernet's financial dealings.

In a move to reinforce the company's audit integrity, M/s. Parker Russell - A.J.S Chartered Accountants were appointed as external auditors. Their term will extend until the conclusion of the 47th Annual General Meeting, with an audit fee agreed upon mutually, including reimbursements for out-of-pocket expenses as per actuals.

On the special business front, the shareholders ratified, approved, and confirmed the transactions, arrangements, agreements, and balances carried out with related parties during the year ending June 30, 2025. This decision underscores the company's commitment to maintaining robust relationships with related entities, as disclosed in the annual audited financial statements.

According to information available from the Pakistan Stock Exchange (PSX), the meeting also authorized the Board of Directors to continue entering into arrangements or transactions with related parties for the upcoming financial year ending June 30, 2026. This authorization includes a provision for advance approval by the Board Audit Committee and Board of Directors, aligning with Sections 207 and/or 208 of the Companies Act, 2017, where applicable.

The resolutions passed during the meeting reflect Supernet Technologies Limited’s strategic focus on governance, transparency, and maintaining productive partnerships with related parties, setting the stage for continued growth and operational success in the coming year.