Beco Steel files certified resolutions passed at its 2026 AGM
AGM / EGMBeco Steel Limited submitted certified copies of resolutions adopted at its Annual General Meeting held on October 28, 2026, in Lahore. Members adopted the audited accounts for the year ended June 30, 2026, appointed Malik Haroon Ahmad & Co. as statutory auditors for the year ending June 30, 2027, and approved resolutions concerning related-party transactions.
Key Findings
- The AGM was held on October 28, 2026, at the Royal Palm Golf and Country Club in Lahore.
- Members received and adopted the audited accounts and directors’ and auditors’ reports for the year ended June 30, 2026.
- Malik Haroon Ahmad & Co. was re-appointed as statutory auditor for the financial year ending June 30, 2027, at the stated remuneration.
- Members ratified related-party transactions for the year ended June 30, 2026, and authorized the Board to approve related-party transactions during the year ending June 30, 2027, subject to subsequent shareholder ratification.
Meeting Details
Meeting
Annual general meeting
Date
28/10/2026, 12:00 PM
Venue
Executive Board Room, Royal Palm Golf and Country Club, 52 Canal Road, Mughulpura, Lahore
Meeting Details
Agenda
- Confirmation of minutes of the AGM held October 28, 2025.
- Receipt and adoption of audited accounts and directors’ and auditors’ reports for the year ended June 30, 2026.
- Re-appointment of Malik Haroon Ahmad & Co. as statutory auditors for the financial year ending June 30, 2027.
- Ratification of related-party transactions for the year ended June 30, 2026.
- Authorization for the Board to approve related-party transactions during the financial year ending June 30, 2027, subject to ratification at the next AGM.
Resolutions
- The minutes of the AGM held October 28, 2025, were confirmed and approved.
- The audited accounts for the year ended June 30, 2026, together with the directors’ and auditors’ reports, were received and adopted.
- Malik Haroon Ahmad & Co. was re-appointed as statutory auditor for the financial year ending June 30, 2027. Remuneration stated: Rs. 250,000 for the limited-scope review of the second-quarter/half-year accounts and Rs. 1,200,000 for the annual audit.
- Related-party transactions disclosed in note 44 to the financial statements for the year ended June 30, 2026, were ratified, approved, and confirmed.
- The Board was authorized to approve related-party transactions on a case-by-case basis for the year ending June 30, 2027; those transactions are to be placed before shareholders at the next AGM for formal ratification or approval.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.