Lahore: Noon Sugar Mills Limited successfully held its 63rd Annual General Meeting on January 27, 2026, in Lahore, where several key resolutions were adopted by the members in compliance with the Pakistan Stock Exchange's (PSX) Rule 5.6.9(b).

During the meeting, the minutes of the previous Annual General Meeting, held on January 27, 2025, were confirmed, solidifying the continuity of the company's governance and procedural adherence. The confirmation of these minutes marked an important procedural step for the company.

A resolution was passed approving the audited accounts of the company for the fiscal year ending September 30, 2025. This included the adoption of the Chairman's Review, Directors' Report, and Auditors' Report. These documents were presented to the meeting, ensuring transparent communication of the company's financial health and operational performance.

Another significant resolution involved the approval of a dividend payment to shareholders. According to information available from the Pakistan Stock Exchange (PSX), the shareholders endorsed a dividend rate of Rs.4.00 per share on each Rs.10/- share, translating to a 40% payout. This approval was granted for shareholders whose names were recorded in the Register of Members as of the close of business on January 20, 2026.

Additionally, the meeting saw the appointment of Shinewing Hameed Chaudhri & Company, Chartered Accountants, as the auditors for the upcoming fiscal year. The firm will serve until the next Annual General Meeting, with remuneration to be determined in agreement with the management.

The resolutions passed at the meeting are crucial for the strategic direction and financial management of Noon Sugar Mills Limited, reinforcing its commitment to maintaining robust corporate governance and shareholder value in the designated market category of the PSX.