Karachi: Security Papers Limited held its 61st Annual General Meeting on September 25, 2026, where several key resolutions were approved by the shareholders. The meeting focused on the financial performance of the company for the year ended June 30, 2026.
The shareholders unanimously approved the audited financial statements and the directors' and auditors' reports for the financial year. This step signifies the completion of another financial cycle and provides a comprehensive overview of the company's fiscal health and performance over the past year.
In addition to the financial statements, a resolution regarding the payment of dividends was also passed. Shareholders will receive a final cash dividend of Rs. 9.00 per share, which translates to 90% of the share value. This dividend will be distributed to those shareholders whose names were on the Register of Members as of September 18, 2026. According to information available from the Pakistan Stock Exchange (PSX), this dividend represents a significant move in shareholder returns.
The meeting also confirmed the re-appointment of M/s. A. F. Fergusons & Co., Chartered Accountants, as the statutory auditors for the upcoming financial year ending on June 30, 2027. The auditors' appointment was agreed upon at a mutually decided fee, excluding any out-of-pocket expenses and taxes.
Security Papers Limited continues to operate under the designated market category of Paper & Board, maintaining its focus on delivering consistent financial results and ensuring transparency and accountability through its auditing practices.