Karachi: Kohat Textile Mills Limited held its Annual General Meeting on Tuesday, October 27, 2026, where several key resolutions were passed by the members, marking significant decisions for the company's future operations.

During the meeting, the company's annual audited financial statements for the year ending June 30, 2026, were reviewed and adopted. These statements were accompanied by the Chairman's Review Report, alongside the Directors' and Auditors' reports, all of which had previously been approved by the Board of Directors.

A final cash dividend of 15%, amounting to Re. 1.50 per share, was approved. This dividend will be distributed to shareholders whose names were listed in the company's Register of Members as of October 20, 2026. This represents a moderate move in dividend distribution and is a reflection of the company's performance over the financial year.

The meeting also saw the re-appointment of M/s Shinewing Hameed Chaudhri & Co., Chartered Accountants, as external auditors. They are set to serve until the conclusion of the next Annual General Meeting, with their service fees to be determined by the Chief Executive Officer.

In terms of special business, the company was authorized to share common expenses with its associated entities, including M/s Saif Textile Mills Limited. These expenses cover a range of administrative costs such as office rents, salaries, and utilities, among others. The transactions related to these expenses for the year ending June 30, 2026, were ratified, and authorization was granted for the Chief Executive to manage similar transactions for the ensuing financial year.

According to information available from the Pakistan Stock Exchange (PSX), Kohat Textile Mills Limited continues to engage in related party transactions as part of its ordinary business operations. The Chief Executive has been granted authority to sign and execute all necessary documents to facilitate these transactions, ensuring compliance and operational continuity.

This set of resolutions underscores the company's strategic focus on financial transparency, shareholder value, and effective governance. The decisions taken are expected to pave the way for sustained growth and operational efficiency in the coming year.