Faisalabad: Rafhan Maize Products Company Limited has announced that its 137th Annual General Meeting will take place on Thursday, April 24, 2025, at the company’s head office on Rakh Canal East Road in Faisalabad. The meeting is scheduled to begin at 3:00 p.m.

The agenda for the meeting includes a review of the minutes from the previous Extraordinary General Meeting held on September 5, 2024, in Faisalabad. Shareholders will also receive, consider, and adopt the audited financial statements for the fiscal year ending December 31, 2024, along with the accompanying Directors’ and Auditors’ Reports.

A significant item on the agenda is the approval of a final cash dividend of Rs.100 per ordinary share, each with a nominal value of Rs.10. This represents a 1,000% dividend for the year ending December 31, 2024, as recommended by the Board of Directors.

Additionally, shareholders will decide on the appointment of auditors and their remuneration. The current auditors, Messrs KPMG Taseer Hadi and Co., Chartered Accountants, are set to retire but have expressed their eligibility and willingness for re-appointment. The Board of Directors, following recommendations from the Audit Committee, has proposed their re-appointment for the fiscal year ending December 31, 2025, including a review at the six-month mark.

According to information available from the Pakistan Stock Exchange (PSX), Rafhan Maize Products Company Limited is listed under the designated market category for agricultural products and food processing. The company remains a significant player in the industry, with its financial decisions and dividends closely watched by investors and stakeholders alike.