Karachi: Safe Mix Concrete Limited held its 20th Annual General Meeting (AGM) on October 27, 2026, during which shareholders confirmed several resolutions, including the approval of a final cash dividend. The meeting also saw the adoption of the company’s audited financial statements for the fiscal year ending June 30, 2026.

During the ordinary business proceedings, shareholders confirmed the minutes from the 19th AGM held on October 28, 2025. The financial statements, alongside the Directors' and Auditors' reports, were approved. A final cash dividend of 30% was declared, equating to PKR 3 per ordinary share on 25 million shares, totaling PKR 75 million. This dividend is set to be distributed to registered shareholders as of October 19, 2026.

M/s. Rehman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants, were appointed as auditors for the year ending June 30, 2027, with the Board authorized to fix their remuneration.

In the special business segment, a significant revision in the remuneration for Non-Executive and Independent Directors was approved. The resolution increased meeting fees from PKR 12,000 to PKR 50,000 for board meetings and PKR 25,000 for committee meetings, effective immediately. Directors affiliated with the Arif Habib Group will not receive these fees.

The AGM also ratified transactions with related parties for the year ending June 30, 2026, and authorized the Board to approve similar transactions for the following financial year. These transactions, as disclosed in the financial statement's Note 39, will be presented to shareholders for formal ratification in the next AGM if necessary.

According to information available from the Pakistan Stock Exchange (PSX), Safe Mix Concrete Limited is categorized under the cement sector.