Karachi: Ghandhara Industries Limited, a prominent entity listed on the Pakistan Stock Exchange, convened its 63rd Annual General Meeting on October 13, 2026, at its registered office in Karachi. The meeting concluded with the adoption of significant resolutions pertinent to the company's financial and operational strategies for the upcoming fiscal year.

During the ordinary business proceedings, shareholders endorsed the Annual Audited Financial Statements for the fiscal year ending June 30, 2026. This approval was granted alongside the Chairman's Review, Directors', and Auditors' reports. Furthermore, the shareholders appointed M/s ShineWing Hameed Chaudhri & Co. Chartered Accountants as auditors for the year ending June 30, 2027. The board of directors received authorization to determine their remuneration.

A noteworthy decision was the approval of a final cash dividend of 120%, equivalent to Rs. 12 per share, as recommended by the board. This dividend targets shareholders recorded in the Member Register as of October 5, 2026.

In terms of special business, the meeting saw the approval of a revision in the directors' fee for meeting attendance. The fee was increased from Rs. 100,000 to Rs. 300,000 per meeting. This adjustment necessitated an amendment to Article 95 of the company’s Articles of Association, reflecting the new remuneration structure.

According to information available from the Pakistan Stock Exchange (PSX), further resolutions included the ratification and approval of related party transactions conducted during the year ending June 30, 2026. The meeting conferred advance authorization to the Chief Executive for approving related transactions in the ensuing year, in compliance with Sections 207 and 208 of the Companies Act, 2017.

These resolutions underscore Ghandhara Industries Limited's commitment to enhancing shareholder value and ensuring robust corporate governance as it navigates the forthcoming fiscal year.