D.G. Khan Cement Company Secures Shareholder Nod for Financial Strategies and Auditors

Karachi: In a significant corporate governance event, D.G. Khan Cement Company Limited successfully secured approval from its shareholders for several key resolutions during its Annual General Meeting (AGM) held in Lahore on October 18, 2024. The approved resolutions encompass the adoption of financial statements and the reappointment of statutory auditors, underlining the company’s robust focus on regulatory compliance and strategic planning.

The AGM, a pivotal event for the company, witnessed the passing of resolutions concerning the annual financial statements for the year ended June 30, 2024. These include both the un-consolidated and consolidated financial statements, along with the Chairman’s Review, Directors’ and Auditors’ reports. According to information available from the Pakistan Stock Exchange (PSX), these documents reflect a comprehensive overview of the company’s financial health and strategic direction, receiving a unanimous nod from the shareholders.

The shareholders resolved to reappoint M/s. A. F. Ferguson and Co., Chartered Accountants, as the external auditors for the fiscal year 2024-25. This decision aligns with recommendations from the company’s Audit Committee and Board of Directors, ensuring continuity in the auditing processes.

In addition to financial oversight, the AGM also addressed special business related to internal corporate transactions. A significant resolution approved by the board, without any modifications, pertained to all related party transactions during the year ended June 30, 2024. This resolution is critical as it ensures transparency and compliance with corporate governance standards.

The meeting concluded with a reaffirmation of the company’s commitment to uphold high standards of corporate governance, a stance that is essential for securing investor confidence and driving long-term profitability.

The post D.G. Khan Cement Company Secures Shareholder Nod for Financial Strategies and Auditors appeared first on .