Karachi: Tri-Star Power Ltd. has successfully concluded its Annual General Meeting with key resolutions passed concerning the company's financial management and audit operations.

The meeting, held on October 28, 2024, led to the approval of the audited accounts for the fiscal year ending June 30, 2024, together with the Directors’ and Auditors’ reports. The approval marks a crucial compliance step in corporate governance and financial transparency for the Karachi-based power company.

According to information available from the Pakistan Stock Exchange (PSX), Tri-Star Power Ltd. has also appointed M/s. Feroze Sharif Tariq and Co. as its new statutory auditors. The firm will take over the company’s annual auditing responsibilities for a remuneration of 200,000 Rs, reflecting the company's commitment to maintaining rigorous financial oversight.

The resolutions adopted under clause 5.6.9(b) of the PSX Regulations underscore the company's adherence to the highest standards of corporate governance. Such developments are essential for shareholder confidence and market performance, ensuring that Tri-Star Power Ltd. remains a reliable entity in the energy sector.