Karachi: Burshane LPG (Pakistan) Limited, a prominent player in the liquefied petroleum gas sector, held its 60th Annual General Meeting on October 15, 2026, marking significant financial milestones. According to the report dated November 5, 2026, the company highlighted a year of unprecedented profits since its inception in 1965.
During the meeting, the resolutions on the agenda were swiftly addressed and approved. The notice and agenda for the meeting were officially read and approved following a proposal by Mr. Muhammad Qasim and seconded by Mr. Usman Ali. Mr. Khurram Kasbati, a key company official, presented the minutes from the previous annual meeting held on November 27, 2025, at the Korangi Plant, Karachi. These minutes were also approved, following a proposal by Mr. Rehan Ahmed, with support from Mr. Usman Ali Qadri.
Highlighting the company's robust financial performance, Mr. Khurram Kasbati informed the shareholders of a record-breaking profit, a feat attributed to the strategic leadership of the company's CEO. This achievement led to the approval of the audited financial statements for the year ending June 30, 2026, on the proposal of Mr. Saeed Ahmed Sheikh, seconded by Mr. Mustafa Ilyas Sethna.
In light of the substantial profit, the Board recommended a cash dividend of 10%, equivalent to Re 1 per share, and bonus shares at a rate of 20%. This resolution was passed with the proposal by Mr. Arham Ahmed and seconded by Mr. Hamza, marking a significant move for the company's shareholders. The share transfer books will be closed for determining the entitlement of bonus shares from September 22, 2026, to September 22, 2026, and for cash dividends from October 9, 2026, to October 15, 2026.
The meeting also addressed the appointment of Clarkson Hyde Saud Ansari as the external auditors for the financial year ending June 30, 2027. The auditors' remuneration, initially set at Rs 1,419,000, is subject to a discretionary increase of 10-20% by management. This resolution was passed with the proposal of Mr. Saeed Ahmed Baig, seconded by Mr. Mustafa Ilyas Sethna.
According to information available from the Pakistan Stock Exchange (PSX), Burshane LPG's recent financial achievements and shareholder incentives reflect a big move for the company in the designated market category, emphasizing its growing influence in the energy sector.