Karachi: The International Steels Limited (ISL), a prominent player in the steel sector, has announced its 18th Annual General Meeting (AGM) scheduled for September 24, 2025, at the Beach Luxury Hotel in Karachi. The meeting, set to commence at 9:00 a.m., invites shareholders to participate, with provisions made for virtual attendance via video conferencing.

The agenda for the AGM includes several key items. Shareholders will deliberate on the adoption of the audited annual financial statements for the fiscal year ending June 30, 2025. The company has utilized digital means to disseminate these documents to shareholders, aligning with regulatory requirements.

A notable highlight of the meeting will be the consideration and approval of a final cash dividend of Rs. 2.5 per share for the fiscal year ended June 30, 2025. This proposal, recommended by the Board of Directors, will be a focal point of the discussions.

Furthermore, the company will address the reappointment of its statutory auditors, M/s A. F. Ferguson & Co., Chartered Accountants, for the year ending June 30, 2026. The auditors have expressed their willingness to continue, subject to mutually agreed terms.

The AGM will also see the election of eight directors, with their terms set to commence on September 29, 2025. The retiring directors are eligible for re-election, and shareholders will have the opportunity to cast their votes during the meeting.

In terms of shareholder engagement, the company has emphasized the importance of updating mandatory information such as CNIC numbers and bank details to ensure compliance with regulatory requirements and facilitate smooth dividend distribution.

According to information available from the Pakistan Stock Exchange (PSX), ISL maintains a robust presence in the steel industry, with its shares traded actively on the exchange. The company’s efforts to transition shareholders from physical to book-entry form are ongoing, aiming to enhance security and convenience in shareholding.

The company has also reminded shareholders to verify their tax status to avoid higher deductions on dividends, as prescribed by the Government of Pakistan through the Finance Act, 2024.

Shareholders are encouraged to engage actively in the AGM, either in person or via proxy, with necessary procedures outlined to facilitate participation. The company has provided comprehensive instructions for shareholders on attending the meeting, appointing proxies, and ensuring their information is up-to-date.