Karachi: Macter International Limited has scheduled its Annual General Meeting (AGM) for shareholders on Saturday, October 26, 2024, This event will take place at Karachi.

The agenda for the meeting includes the adoption of both consolidated and unconsolidated financial statements for the fiscal year that concluded on June 30, 2024. These financial statements have been audited and will be presented along with the directors' and auditors' reports.

A significant highlight of this meeting is the proposal of a final cash dividend of Rs.1.00 per ordinary share, which equals a 10% dividend rate for the fiscal year ended June 30, 2024. This is proposed in addition to the interim dividend of 12.5%, or Rs.1.25 per ordinary share, that was already paid earlier in the fiscal year.

The shareholders will also address the reappointment of the current auditors, M/s. A. F. Ferguson & Co., Chartered Accountants, for the next fiscal year ending on June 30, 2025. According to information available from the Pakistan Stock Exchange (PSX), the Board Audit Committee supports the nomination of M/s. A. F. Ferguson & Co., as they are eligible and willing to continue in their role.

This meeting not only confirms Macter International Limited's compliance with corporate governance requirements but also reflects the company's ongoing commitment to transparency and accountability to its shareholders.