Karachi: In a significant move, Zuma Resources Ltd, formerly known as Bilal Fibres Limited, has announced a strategic shift in its business approach, following resolutions passed at its Annual General Meeting held on December 31, 2025.

The meeting saw the approval and adoption of the audited financial statements for the fiscal year ending June 30, 2025. Additionally, the firm appointed M/s. A.H.W. & Co., Chartered Accountants, as its auditors for the next fiscal year, ending June 30, 2026.

A key highlight of the AGM was the approval to alter the company’s principal line of business. The shareholders resolved to amend the Memorandum of Association, enabling Zuma Resources to engage in IT investing and strategic collaborations across technology sectors, including AI-enabled services, electric vehicle technology, healthcare technology, and e-commerce.

Furthermore, the company received shareholder approval to sell its physical assets, including land, buildings, and equipment located in Faisalabad, in compliance with an order from the Lahore High Court. This move aligns with the company’s pivot towards technology and innovation sectors.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions reflect Zuma Resources Ltd’s strategic reorientation towards becoming a key player in the technology and innovation markets. The resolutions are subject to potential amendments as directed by the Securities and Exchange Commission of Pakistan or other regulatory bodies.