Islamabad: Biafo Industries Limited has announced the date for its 38th Annual General Meeting (AGM), scheduled to take place on October 23, 2026. The meeting will be held at 11:00 a.m. at the Dewan-e-Khass Hall, Islamabad Hotel, G-6, Civic Centre, Melody Market, Islamabad.

The agenda for the AGM includes several key items of ordinary business. Shareholders will be asked to confirm the minutes of the previous annual general meeting held on October 23, 2025. Additionally, the meeting will focus on receiving and adopting the audited financial statements for the year ending June 30, 2026, along with the accompanying auditors' and directors' reports.

A significant item on the agenda is the approval of a total cash dividend of Rs. 5.00 per share, which represents a 50% dividend for the year ended June 30, 2026. This includes a final cash dividend of Rs. 2.50 per share (25%) and an interim cash dividend of Rs. 2.50 per share (25%), which was previously declared on February 17, 2026.

Furthermore, shareholders will consider the reappointment of the retiring auditors, M/s Yousuf Adil Chartered Accountants, who have offered themselves for reappointment for the fiscal year 2026-27. The meeting will also address the fixation of auditors' remuneration for the upcoming year.

According to information available from the Pakistan Stock Exchange (PSX), Biafo Industries Limited operates within the designated market category, offering insights into its fiscal activities and shareholder engagements.

The AGM will also provide a platform to discuss any other business matters that may arise, contingent upon the permission of the Chairman.