Faisal Spinning Mills Limited held its annual general meeting on October 27, 2026, where several key resolutions were passed, including the approval of financial statements and related party transactions.
- Minutes from the previous annual general meeting were approved.
- Audited financial statements for the year ended June 30, 2026, were adopted.
- Appointment of auditors, Mushtaq and Company, for the term 2026-2027 with a remuneration of PKR 3,100,000 was approved.
- Related party transactions for the year ended June 30, 2026, were ratified, and the Board was authorized to approve future transactions on a case-by-case basis.