Lahore: Suraj Cotton Mills Limited held its Annual General Meeting on October 22, 2026, during which key resolutions were approved, including the adoption of financial statements, a 100% cash dividend, and further equity investment in Premier Insurance Limited.

On October 22, 2026, during the meeting, the company's financial performance was reviewed, resulting in the approval and adoption of the Annual Audited Financial Statements for the year ended June 30, 2026, along with the Directors' and Auditor's reports and the Chairman's Review Report.

One of the significant decisions made was the declaration of a 100% cash dividend, equating to Rs. 10 per share, for the year ending June 30, 2026. This dividend is payable to shareholders listed on the Register of Members as of the close of business on October 14, 2026.

Furthermore, the meeting saw the reappointment of M/s Riaz Ahmad & Company, Chartered Accountants, as the auditors for the upcoming term until the conclusion of the next annual general meeting scheduled for June 30, 2027. The remuneration for the auditors is to be determined by the company's Chief Executive Officer.

In terms of special business, the members granted approval for an equity investment of up to Rs. 50 million in Premier Insurance Limited through the subscription of Ordinary Right Shares at an issue price of Rs. 10 per share. According to information available from the Pakistan Stock Exchange (PSX), this investment is subject to the availability of unsubscribed shares and compliance with applicable laws and regulations.

The board empowered Mr. Ahsan Bashir, Mr. Adil Bashir, and Mr. Naeem Sheikh to undertake necessary actions to effectuate the resolutions passed, ensuring all legal formalities are met for the execution of these decisions.