Karachi: The shareholders of Cyan Limited convened for their Annual General Meeting on April 22, 2025, in Karachi and via video link, ratifying several significant resolutions impacting the company's strategic financial direction.

The meeting's agenda included the adoption of the audited financial statements for the fiscal year ending December 31, 2024. The shareholders approved these documents, which comprised the statement of financial position, profit and loss account, statement of comprehensive income, statement of changes in equity, and the statement of cash flows, along with the accompanying notes. The documents also included the Auditors' and Directors' Reports, as well as the Chairman's Review Report.

A key resolution passed by the shareholders was the declaration of a final cash dividend of PKR 1 per share, representing a 10% return for the year ending December 31, 2024. This is supplementary to the interim cash dividends previously disbursed at a rate of PKR 4 per share, equating to a 40% return. This decision reflects the Board of Directors' recommendation, aligning with the company's financial strategy.

In another resolution, shareholders approved the reappointment of Messrs. A. F. Ferguson & Co., Chartered Accountants, as the auditors for Cyan Limited for the fiscal year ending December 31, 2025. Their remuneration will be determined through mutual agreement. According to information available from the Pakistan Stock Exchange (PSX), Cyan Limited operates within the designated market category in the region.

The resolutions adopted at the meeting are in accordance with the regulatory framework outlined in Regulation 5.6.9(b) of the Rule Book of Pakistan Stock Exchange Limited. These actions indicate Cyan Limited's continued commitment to maintaining transparency and regulatory compliance in its corporate governance practices.