SAIF Textile Mills shareholders approve audited financial statements, auditor reappointment and related-party transactions
AGM / EGMCertified resolutions from SAIF Textile Mills Limited’s annual general meeting held on October 27, 2026. Members approved the audited financial statements for the year ended June 30, 2026, reappointed the external auditors, and authorized specified related-party expense sharing and transactions for the year ending June 30, 2027.
Key Findings
- Members approved the annual audited financial statements for the year ended June 30, 2026.
- Shinewing Hameed Chaudhri & Co. was reappointed as external auditor until the conclusion of the next AGM.
- The company was authorized to share common administrative expenses with Kohat Textile Mills Limited and other associated companies.
- The CEO was authorized to approve ordinary-course related-party transactions for the year ending June 30, 2027.
Meeting Details
Meeting
Annual general meeting
Date
27/10/2026
Meeting Details
Agenda
- Approval of annual audited financial statements for the year ended June 30, 2026
- Appointment of auditors
- Authorization of related-party transactions
Resolutions
- Annual audited financial statements for the year ended June 30, 2026 were approved.
- Shinewing Hameed Chaudhri & Co. was reappointed as external auditor until the conclusion of the next Annual General Meeting, at a fee to be determined by the Chief Executive Officer.
- The company was authorized to share common expenses with Kohat Textile Mills Limited and other associated companies in respect of joint offices.
- Related-party transactions entered into during the year ended June 30, 2026 were ratified and approved.
- The Chief Executive was authorized to approve ordinary-course related-party transactions for the year ending June 30, 2027.
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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.
