Karachi: Exide Pakistan Limited has released details for its upcoming Seventy-Third Annual General Meeting, scheduled for July 29, 2026, at 11:00 a.m. The meeting will convene at the company's registered office on Hill Street, Karachi, with the option for participation via a video link. This gathering is set to address a comprehensive agenda that includes both ordinary and special business matters.
The ordinary business segment will commence with the confirmation of minutes from the previous Annual General Meeting held on July 29, 2025. Shareholders will then review and adopt the audited financial statements for the fiscal year ending March 31, 2026, alongside reports from directors and auditors. A key highlight will be the declaration of the final dividend for the year, as advised by the board of directors.
Another significant item is the appointment of auditors for the 2026-2027 period, with their remuneration subject to approval. In accordance with Section 159(1) of the Companies Act, 2017, the election of seven directors for a three-year term, commencing June 18, 2026, will also take place. The retiring directors up for re-election include Arif Hashwani, Altaf Hashwani, Hussain Hashwani, Zaver Hashwani, Navin Merchant, Amin Manji, and S. Haider Mehdi.
In terms of special business, the meeting will seek approval for the remuneration packages of the Chief Executive, Executive Director, and Independent Director, effective from July 1, 2026, to June 30, 2029. This proposal is supplemented by a statement under Section 134(3) of the Companies Act, 2017, circulated with the meeting notice.
According to information available from the Pakistan Stock Exchange (PSX), Exide Pakistan Ltd. falls within the automotive batteries segment of the market. The company's performance and strategic decisions, such as those set to be discussed in the upcoming meeting, are closely watched by industry analysts and investors alike.
The meeting's outcomes are anticipated to influence Exide's operational and financial trajectory, as stakeholders engage in deliberations on pivotal corporate governance and financial management issues.