Karachi: Burshane LPG (Pakistan) Limited has announced the scheduling of its 60th Annual General Meeting (AGM) set to take place on Thursday, October 15, 2026, at 11:30 A.M. The meeting will be held at the company's Korangi Plant (KP1), located adjacent to Pakistan Refinery Limited in Korangi Creek, Karachi. A transport service will be provided, departing at 10:15 A.M. from the company's head office at Horizon Vista, Block 4, Scheme No. 5, Clifton.
The agenda for this year's AGM includes several items of ordinary business. The company intends to confirm the minutes from its 59th AGM held on November 27, 2025. Additionally, shareholders will consider and approve the circulation of the Annual Audited Financial Statements, Directors' Report, and Auditors' Report for the fiscal year ending June 30, 2026. These documents will be distributed through a QR-enabled code and weblink, in accordance with the Securities and Exchange Commission of Pakistan's directive S.R.O. 389(0)/2023.
Shareholders will be asked to approve a cash dividend of 10%, equivalent to Rs 1 per share, and a bonus shares dividend of 20%, resulting in one share for every five shares held. Further, the appointment of external auditors for the financial year ending June 30, 2027, is on the agenda, with the Board of Directors recommending the reappointment of M/s. Clarkson Hyde Saud Ansari, Chartered Accountants.
The company has outlined several procedural notes for shareholders attending the AGM. The Share Transfer Books will be closed from October 09 to October 15, 2026. Transfers received by the close of business on October 08, 2026, will be considered for entitlement determination. Additionally, bonus shares will be ratified for those holding shares as of October 21, 2026.
According to information available from the Pakistan Stock Exchange (PSX), Burshane LPG (Pakistan) Limited operates within the designated market category of energy and utilities. The company's forthcoming AGM will also address any other business the chair permits.
For shareholders unable to attend in person, the company offers participation through the Zoom application, requiring registration with the Company Secretary's office by October 13, 2026. Proxies can also be appointed, with specific guidelines provided for individual and corporate shareholders.
Burshane LPG emphasizes compliance with the Companies Act, 2017, urging shareholders to convert physical shares into book-entry form and notify any changes in address. The company also highlights the mandatory electronic payment of dividends, urging shareholders to submit the necessary information for direct bank transfers.
Lastly, the company reminds shareholders of the provisions regarding unclaimed dividends and bonus shares, stating that dividends unclaimed for three years will be credited to the Federal Government. Shareholders are encouraged to contact M/s THK Associates (Pvt) Ltd. for inquiries related to unclaimed dividends or pending shares.