Karachi: Pakistan Petroleum Limited (PPL) has scheduled its 73rd Annual General Meeting (AGM) for 11:00 AM on Friday, 25th October 2024, at the Pearl Continental Hotel in Karachi. The meeting will also be accessible via video link using Zoom Cloud Meetings. This announcement aligns with the company’s compliance with Rule 5.6.9 of the Pakistan Stock Exchange (PSX) rules.
The forthcoming AGM is set to focus on several key agenda items, including the adoption of audited unconsolidated and consolidated financial statements for the fiscal year ended 30th June 2024, accompanied by the auditor’s report. Shareholders will also vote on the proposed final cash dividend of Rs. 2.50 per share, which represents a 25% dividend on ordinary shares for the fiscal year. This dividend recommendation was made by the Board of Directors during their meeting on 20th September 2024.
Additionally, shareholders are expected to appoint auditors for the company and fix their remuneration for the upcoming financial year 2024-25. According to information available from the Pakistan Stock Exchange (PSX), the notice of the AGM will be published in the “Dawn” and “Jang” newspapers on Friday, 4th October 2024, ensuring all stakeholders are informed and able to participate in the critical decisions affecting the company’s future.