Lahore: Shareholders of Service Industries Limited convened for the company's 68th Annual General Meeting on April 28, 2025, where they approved several significant resolutions. The meeting, a staple in the company’s yearly calendar, underscored critical financial and operational decisions aligned with shareholder interests.

In the meeting, held in accordance with regulation 5.6.9(b) of the Pakistan Stock Exchange (PSX) Rule Book, shareholders reviewed and endorsed the audited financial statements for the fiscal year ending December 31, 2024. These statements, accompanied by the Directors' and Auditors' Reports and the Chairman's Review Report, were presented to the members and received their unanimous approval. This marks a continuation of the company's commitment to transparency and accountability in its financial reporting.

A pivotal decision was the approval of a final cash dividend, proposed by the Board of Directors, amounting to Rs. 15 per share. This represents a 150% payout for the financial year 2024, reflecting the company’s robust financial health and its strategy to enhance shareholder value.

Moreover, the shareholders agreed on the re-appointment of M/s. Riaz Ahmad & Company as the statutory auditors for the next term. The Chief Executive has been authorized to negotiate and finalize the auditors' remuneration, ensuring that the company maintains the integrity of its audit processes.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions are poised to fortify Service Industries Limited’s market position, aligning with its strategic goals within the designated market category. The decisions taken at the meeting are expected to positively influence the company’s operations and financial outlook in the coming year.