WAH CANTT: Wah Nobel Chemicals Limited has announced that its 41st Annual General Meeting (AGM) of shareholders will take place on October 28, 2024, at Wah Cantt. The meeting will begin, with shareholders expected to vote on key financial matters and other business issues.
The agenda of the AGM includes reviewing and adopting the audited financial statements of the company for the fiscal year ending on June 30, 2024. Additionally, shareholders will vote on the final cash dividend of Rs 10.00 per share (i.e., 100% for the year ending June 30, 2024) as recommended by the company’s directors. According to information available from the Pakistan Stock Exchange (PSX), the company will also appoint auditors for the fiscal year ending June 30, 2025, with the current board proposing M/s. Aujla, Chartered Accountants, as the preferred choice.
The company has notified shareholders that the share transfer books will remain closed from October 21 to October 28, 2024. Any transfers completed by the close of business on October 20, 2024, will be entitled to the declared dividend.
Shareholders holding shares in physical form have been reminded to update their details with the company’s Shares Registrar to ensure smooth proceedings. The company also reminded CDC account holders to bring their National Identity Cards to the meeting for verification.
A video link will be provided for shareholders unable to attend in person, allowing them to participate remotely. Shareholders who wish to join the meeting via this method must register with the subject “Registration for Wah Nobel Chemicals Limited AGM” at the provided email address by 11:00 AM on October 26, 2024.
Furthermore, the company has issued a reminder to shareholders about compliance with Section 72 of the Companies Act, 2017, which mandates that physical shares must be converted to book-entry form within a specified period. Non-compliance could impact shareholders’ ability to claim dividends.
The AGM will conclude with the transaction of any other business that is raised with the permission of the chair.