Karachi: The 46th Annual General Meeting (AGM) of Colgate-Palmolive (Pakistan) Limited is scheduled for September 27, 2024, in Karachi, and will be accessible through electronic means and video link. According to information available from the Pakistan Stock Exchange (PSX), the agenda includes the adoption of the audited financial statements for the year ended June 30, 2024, and the approval of a substantial final cash dividend.

The company plans to distribute a final dividend of Rs. 34.50 per share, marking a 345% payout, which complements an already disbursed interim dividend of Rs. 22.50 per share or 225%. The decision follows a robust fiscal performance, reflecting a strong financial trajectory and shareholder value enhancement.

Further business includes the reappointment of auditors and the authorization to circulate the annual report via a QR enabled code and web link, aligning with modern digital communication strategies as stipulated by SECP's regulations. This move not only caters to the convenience of its shareholders but also underscores Colgate-Palmolive's commitment to environmental sustainability by reducing paper use.

The AGM will offer both physical attendance and participation via a Zoom link, with prior registration required by September 26, 2024. The company emphasizes the importance of updating shareholder information and offers electronic dividend mandates to streamline the direct bank transfer of dividends, enhancing the efficiency and security of transactions.

Tax implications for dividends will vary depending on the shareholder's status on the Active Taxpayers List (ATL), with rates at 15% for those listed and 30% for non-listed individuals. Colgate-Palmolive continues to uphold high standards of corporate governance and transparency, ensuring that its financial practices remain robust and shareholder interests are prioritized.