Lahore: Atlas Honda Limited announced a significant final cash dividend of Rs.56 per share, equating to 560%, during its 62nd Annual General Meeting held on June 29, 2026, at Avari Hotel, Mall Road, Lahore. This declaration follows an interim cash dividend of Rs.46 per share, culminating in a total dividend disbursement for the financial year ended March 31, 2026.
The meeting commenced with the confirmation of the minutes from the Extra Ordinary General Meeting held on March 13, 2026. Shareholders unanimously approved the minutes, setting the tone for the proceedings that followed.
A crucial agenda item involved the adoption of the Annual Audited Financial Statements for the year ending March 31, 2026. These statements, accompanied by the Directors' and Auditors' Reports and the Review Report of the Chairman, received approval from the shareholders. This adoption reflects the company's financial health and strategic direction over the past fiscal year.
In a move to ensure continuity and maintain audit quality, the shareholders resolved to reappoint M/s ShineWing Hameed Chaudhri & Co., Chartered Accountants, as the company's auditors for the fiscal year ending March 31, 2027. According to information available from the Pakistan Stock Exchange (PSX), this reappointment aligns with regulatory compliance and shareholder expectations.
The AGM also facilitated discussions on other matters with the Chair's permission, although no additional business transactions were reported. The designated market category for Atlas Honda Limited falls under the automotive sector, reflecting its core business activities.
The resolutions passed at the AGM underscore Atlas Honda's commitment to delivering shareholder value and maintaining transparency in its governance practices.