Lahore: Shareholders of Nishat Mills Limited convened at Emporium Mall, The Nishat Hotel, Lahore, on October 28, 2026, to deliberate on significant resolutions during their annual general meeting. The meeting, which took place at 11:30 a.m., focused on the company's financial performance and strategic decisions for the upcoming fiscal year.

During the assembly, the shareholders received and adopted the audited un-consolidated and consolidated financial statements for the year ending June 30, 2026. These financial documents, accompanied by the Chairman's review and the Directors' and Auditors' reports, were unanimously approved, reflecting the company's commitment to transparency and financial integrity.

A key highlight of the meeting was the approval of a final cash dividend at the rate of Rs. 2 per ordinary share, equating to a 20% payout for the fiscal year concluded on June 30, 2026. This decision aligns with the recommendations put forth by the Board of Directors and ensures that dividends will be distributed to shareholders listed on the member's register as of October 20, 2026.

Additionally, the shareholders re-appointed M/s Riaz Ahmad & Co., Chartered Accountants, as the external auditors for the fiscal year 2026-27. This decision, backed by the Audit Committee and Board of Directors, authorizes the company's Chief Executive Officer to negotiate and determine the auditors' remuneration for the upcoming year.

According to information available from the Pakistan Stock Exchange (PSX), Nishat Mills Limited is classified under the designated market category of textile manufacturing, a sector pivotal to the nation's economic framework.

These resolutions underscore Nishat Mills Limited's strategic initiatives aimed at strengthening its financial foundation and ensuring continued growth and profitability.