Karachi: The Kot Addu Power Company Limited (KAPCO) announced several key resolutions during its 20th Annual General Meeting held on October 24, 2024. Shareholders approved the company's final cash dividend and the appointment of external auditors, among other decisions.

The meeting confirmed the minutes of the 12th Extraordinary General Meeting held on October 2, 2024. Shareholders adopted the Annual Audited Accounts for the year ending June 30, 2024, along with accompanying notes, the Directors' Report, and the Auditors' Report.

A final cash dividend of Rs. 4.00 per ordinary share, based on a share value of Rs. 10, was approved for distribution to shareholders listed in the Members Register as of the close of business on October 17, 2024. This resolution follows the interim cash dividends of Rs. 4.50 per ordinary share that were previously distributed and have now been ratified.

Additionally, A. F. Ferguson and Co., Chartered Accountants, were appointed as the external auditors for the fiscal year ending June 30, 2025. The annual audit fee will be determined through mutual agreement between A. F. Ferguson and Co. and the Board of Directors.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions reflect the company's ongoing commitment to maintaining transparency and financial stability. The approved measures are anticipated to uphold shareholder confidence and ensure robust corporate governance.