Karachi: Pakistan State Oil Company Limited has announced its 50th Annual General Meeting, scheduled for October 28, 2026, at its registered office in Karachi, with an option for shareholders to attend via video-conferencing. This announcement comes as part of the company's compliance with Rule 5.6.9 of the Pakistan Stock Exchange (PSX) Regulations, marking a significant milestone in the company's governance calendar.

The AGM will commence at 11:00 a.m. and will address several key agenda items. The meeting will begin with the confirmation of the minutes from the previous AGM, which took place on October 24, 2025. Shareholders will then proceed to review the annual audited unconsolidated and consolidated financial statements for the fiscal year ending on June 30, 2026. This review will be accompanied by the Report to the Shareholders and the Auditors' Report.

A major highlight of the meeting will be the consideration and potential approval of a final cash dividend of Rs. 10 per share. This dividend represents a 100% payout for the fiscal year concluded on June 30, 2026, as recommended by the Board of Management. According to information available from the Pakistan Stock Exchange (PSX), this move underscores the company's financial strategy and commitment to returning value to its shareholders.

Furthermore, the AGM will lay before its members the proposal for the reappointment of M/s. KPMG Taseer Hadi & Co., Chartered Accountants, as the external auditors for the upcoming fiscal year ending June 30, 2027. This decision is pivotal for maintaining the integrity and transparency of the company's financial reporting.

As Pakistan State Oil Company Limited prepares for its upcoming AGM, these proceedings are critical in shaping the company's strategic direction and ensuring compliance with regulatory standards.