Karachi: Nimir Industrial Chemicals Limited (NICL) has announced the resolutions passed during their Annual General Meeting held on October 28, 2023, in Lahore-Faisalabad. The company conducted the meeting to address several key items as part of the ordinary business on the agenda.

In the first resolution, shareholders approved the Annual Audited Financial Statements, both Separate and Consolidated, for the year ended June 30, 2023. This also included the approval of the Statement of Compliance of Corporate Governance (CCG), Directors' Report, and Auditors' Report on the financial statements.

Additionally, the shareholders resolved to approve a full and final cash dividend of Rs. 2.0 per share, which equates to a 20% cash dividend for the year ended June 30, 2023. This dividend is in addition to an interim dividend of Rs. Nil per share, bringing the total dividend for the year to Rs. 2.00 per share, or a 20% cash dividend.

In the final resolution, the shareholders appointed M/s BDO Ebrahim and Co., Chartered Accountants, as the external auditors of the company for the financial year ending June 30, 2024.

The resolutions were passed as Ordinary Resolutions and were part of the mandatory disclosure required under 5.6.9(b) of the PSX Regulations.