Karachi: Khairpur Sugar Mills Limited has announced its 36th Annual General Meeting (AGM) to be held on January 28, 2026, at Khairpur House in Karachi. The meeting is scheduled to commence at 3:00 p.m., where shareholders will engage in discussions regarding the company's financial performance and future endeavors.
The meeting will address several key items, including the confirmation of minutes from the previous AGM held on January 28, 2025, and the adoption of the Annual Audited Financial Statements for the year ending September 30, 2025. Shareholders will also appoint auditors for 2026, with the current auditors, M/s. Reanda Haroon Zakaria Aamir Salman Rizwan & Company, being recommended for reappointment.
In addition to the in-person meeting, Khairpur Sugar Mills Limited is facilitating shareholder participation through a video conferencing option. This initiative, aligned with the Securities and Exchange Commission of Pakistan (SECP) guidelines, aims to ensure broader accessibility for members. Shareholders are encouraged to register for the video conference and provide their comments or questions about the agenda items via email.
The financial data indicates a year marked by operational challenges and financial maneuvers. According to information available from the Pakistan Stock Exchange (PSX), the company's operating margin decreased to 6.60% in 2026, indicating a moderate move from the previous year's 7.27%. The leverage or equity multiplier remained relatively stable at 2.13. The Return on Equity (ROE) experienced a decline to 1.23% from 1.47% in the previous year, signifying a moderate move.
The company's cash flow activities revealed a net generation from financing activities amounting to 708.62 million, whereas net cash used in operating activities was reported at 323.29 million. There was also a net cash outflow from investing activities totaling 248.80 million, ultimately leading to an increase in cash and cash equivalents to 218.77 million by year-end.
Shareholders’ equity grew to 5.00 billion, reflecting the company's strategic financial decisions amid fluctuating market conditions. Total assets rose to 10.68 billion, backed by increases in both current and fixed assets.
The company also reported a turnover of 11.14 billion, with a gross profit margin at 10.28%, indicating a minor move in profitability. Despite these challenges, Khairpur Sugar Mills Limited continues to maintain a current ratio of 1.06, indicating its ability to meet short-term obligations.
In preparation for the AGM, the company has made provisions for electronic voting, allowing shareholders to exercise their voting rights through postal ballots or electronic means. This step is in compliance with the Companies (Postal Ballot) Regulations, 2018, ensuring that all members can participate in the governance of the company effectively.
Khairpur Sugar Mills Limited remains committed to transparency and shareholder engagement, as evidenced by its detailed financial reporting and the facilitation of remote participation options for its upcoming AGM.