Karachi: Cherat Cement Co. Limited convened its 45th Annual General Meeting on October 13, 2026, where key resolutions were passed, reinforcing the company’s financial strategies and commitments for the coming fiscal year.

During the meeting, held in accordance with the Clause 5.6.9.(b) of the Rule Book of Pakistan Stock Exchange, the members approved the Annual Audited Financial Statements for the fiscal year ending June 30, 2026. This approval was accompanied by the acceptance of the Directors' and Auditors' Reports, marking the completion of a significant procedural requirement for the company.

One of the notable financial decisions made at the meeting was the declaration of a final cash dividend of 40%, equivalent to Rs. 4 per share. This is in addition to an interim cash dividend of 15%, or Rs. 1.50 per share, which had been distributed earlier. Such distributions underscore the company's efforts to maintain a steady return for its shareholders.

Furthermore, the assembly reappointed Grant Thornton Anjum Rahman - Chartered Accountants as the auditors for the forthcoming term, concluding at the next Annual General Meeting. This decision ensures continuity and stability in the company's auditing processes.

Special resolutions were also ratified, notably the approval of transactions conducted with related parties and associated companies, as documented in Note 38 of the Financial Statements for the year ending June 30, 2026. The Board of Directors received authorization to engage in similar transactions for the subsequent fiscal year ending June 30, 2027.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions passed during the meeting align with regulatory expectations and corporate governance standards, emphasizing transparency and accountability.

The meeting's outcomes reflect Cherat Cement's commitment to robust financial governance and strategic planning, with an eye on sustaining shareholder value and ensuring compliance with statutory obligations.