Metropolitan Steel Corporation Ltd. files certified resolutions of its 71st AGM
AGM / EGMThe company submitted a certified copy of resolutions passed at its 71st Annual General Meeting held on October 24, 2026. Shareholders approved the audited financial statements for the year ended June 30, 2026, appointed auditors for the year ending June 30, 2027, and approved specified financial-statement items and an increase in CEO remuneration effective July 1, 2026.
Key Findings
- The 71st AGM was held on October 24, 2026.
- The audited financial statements for the year ended June 30, 2026 were approved.
- Reanada Haroon Zakaria & Company Chartered Accountants were appointed as auditors for the year ending June 30, 2027; remuneration is to be fixed by the directors/CEO.
- The AGM approved the disclosed fixed-asset additions, donations, ECL provisions and reversal, obsolete inventory provision, CEO remuneration, directors' meeting fees, and related-party transactions.
- CEO remuneration, excluding perquisites, was approved up to Rs. 500,000 per month effective July 1, 2026.
Meeting Details
Meeting
Annual general meeting
Date
24/10/2026
Meeting Details
Resolutions
- Confirmed the minutes of the Annual General Meeting held on October 25, 2025.
- Approved the audited financial statements for the year ended June 30, 2026, including the director's report, balance sheet, profit and loss accounts, statement of changes in equity, cash flow statement, and notes.
- Appointed Reanada Haroon Zakaria & Company Chartered Accountants as auditors for the year ending June 30, 2027, with remuneration to be fixed by the directors/CEO.
- Reviewed and approved specified fixed-asset additions, donations, ECL loss reversal and provision, provision for obsolete stores and spare parts, loose tools, CEO remuneration, directors' meeting fees, and related-party transactions disclosed in note 37.
- Approved CEO remuneration, excluding perquisites, up to Rs. 500,000 per month effective July 1, 2026.
⚡
Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.