Multan: The Thal Industries Corporation Limited (TICL) convened its 72nd Annual General Meeting on January 24, 2026, where shareholders approved all proposed agenda items. The meeting, held at the registered office in Multan and accessible via electronic means, witnessed both ordinary and special business proceedings.

The ordinary business conducted included the confirmation of the previous AGM's minutes held on January 27, 2025. Shareholders also adopted the Annual Audited Financial Statements for the fiscal year ending September 30, 2025. A final cash dividend of Rs. 10.00 per share, constituting a 100% payout, was declared following the Board of Directors’ recommendation on December 24, 2025. Furthermore, the re-appointment of M/s. Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants, as auditors for the financial year 2026, was approved.

In the realm of special business, shareholders ratified transactions undertaken with related parties during the normal course of business for the period ending September 30, 2025. The transactions involved the Naubahar Bottling Company (Pvt.) Limited, which saw sales amounting to 14.27 billion PKR, and Almoiz Industries Limited, with sales of 561.06 million PKR and purchases totaling 126.28 million PKR. Additionally, the company completed a land purchase from Mr. Muhammad Shamim Khan valued at 1.50 billion PKR. According to information available from the Pakistan Stock Exchange (PSX), these transactions were approved through various voting methods, including electronic voting and postal ballots.

Resolutions were also passed authorizing the Chief Executive Officer or his nominee to approve future transactions with related parties until the next AGM. The CEO or nominee was also empowered to undertake necessary actions to implement these resolutions effectively.

The meeting concluded without any additional business, with instructions to inform TRE Certificate Holders of the Exchange accordingly.