Karachi: In a formal announcement on October 5, 2026, Sitara Chemical Industries Limited revealed plans for its Annual General Meeting (AGM), scheduled for October 27, 2026, at 3:00 p.m. The meeting will be held at the JS Auditorium, IBA City Campus, Karachi, and will accommodate both physical and virtual attendance.

The agenda for the AGM, as outlined by the company, includes critical points of discussion, beginning with the review and adoption of the audited financial statements for the fiscal year ending June 30, 2026. Shareholders will also consider the accompanying reports from the directors, auditors, and the Chairman's Review Report.

A significant item on the agenda is the approval of a cash dividend distribution at a rate of 130%, translating to Rs. 13 per share. This recommendation comes from the Board of Directors. Additionally, shareholders will deliberate on the re-appointment of M/s. Yousuf Adil, Chartered Accountants, as auditors for the fiscal year ending June 30, 2027, with their remuneration to be determined during the meeting.

The AGM will further address special business matters, notably the revalidation of a resolution concerning the sale of the company's freehold land, classified as investment property. This resolution is brought forward due to the previous year's unsuccessful materialization of the sale. The shareholders are expected to consider and pass the Ordinary Resolution related to this matter, as detailed in the statement of material facts attached to the notice.

According to information available from the Pakistan Stock Exchange (PSX), Sitara Chemical Industries Limited operates within the chemical sector. The company's forthcoming AGM presents a platform for strategic decision-making, impacting its operational and financial trajectory.