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Karachi, Annual General Meeting of Sakrand Sugar Mills Limited held on May 9, 2023, the shareholders convened to discuss and vote on various resolutions pertaining to the company’s ordinary business. The meeting, which was attended by a significant number of shareholders, witnessed the approval and adoption of crucial decisions.
The first resolution passed by the shareholders was the approval and adoption of the minutes of the 33rd Annual General Meeting held on September 14, 2022. This resolution aimed to ensure accurate documentation of the proceedings and maintain transparency within the company.
The second resolution focused on the consideration, reception, and adoption of the Annual Audited Financial Statements of Sakrand Sugar Mills Limited for the fiscal year ending on September 30, 2022. These statements included the Directors’ Report, Auditors’ Report, and Chairman’s Review Report, which were scrutinized by the shareholders to evaluate the financial health and performance of the company.
Furthermore, the shareholders resolved to appoint M/s Parker Russell-A.J.S. Chartered Accountants as the auditors of Sakrand Sugar Mills Limited for the year ending September 30, 2023. The selection of auditors was made against a fee to be determined by the Board of Directors of the company. This resolution aimed to ensure an independent and impartial assessment of the company’s financial records and compliance with regulatory standards.
The passing and adoption of these resolutions by the shareholders reflect their confidence in the management and financial stability of Sakrand Sugar Mills Limited. The decisions made during the 34th Annual General Meeting will play a significant role in shaping the company’s future and strengthening its position in the sugar industry.