Karachi: Shareholders of Towellers Limited convened for the company's 53rd Annual General Meeting on October 28, 2026, where they passed several resolutions integral to the company's governance and financial oversight.

The assembly approved the minutes from the prior annual meeting held on October 28, 2025, reinforcing continuity and adherence to procedural norms.

In the course of the ordinary business, shareholders examined and adopted the audited accounts for the fiscal year ending June 30, 2026. The comprehensive review included the Directors' and Auditors' Reports, which received unanimous approval, reflecting the company's transparent financial practices.

Furthermore, the meeting saw the reappointment of M/s Mushtaq & Company, Chartered Accountants, based in Karachi, as the auditors for the upcoming fiscal year ending June 30, 2027. This decision ensures consistent oversight of the company's financial health and accountability.

According to information available from the Pakistan Stock Exchange (PSX), Towellers Limited operates within the designated market category and remains committed to maintaining stringent regulatory and financial standards.

These resolutions, now certified as passed, will be officially recorded in the company's Minutes Book, underscoring Towellers Limited's ongoing commitment to sound corporate governance and systematic financial evaluation.