Lahore, Adamjee Insurance Company Limited has submitted a certified copy of resolutions passed during its 63rd Annual General Meeting (AGM), held on April 26, 2024, at the Nishat Hotel, Gulberg, Lahore and via video link, as required under the Pakistan Stock Exchange (PSX) Regulation 5.6.9(b).

The shareholders approved the Audited Financial Statements for the year ended December 31, 2023, which included the Standalone and Consolidated Financial Statements, Directors', and Auditors' reports, as well as the Chairman's Review Report.

Furthermore, a final cash dividend was declared at Rs. 1.50 per share, representing 15% of the share value. This resolution was also approved during the meeting.

In terms of auditing oversight, KPMG Taser Hadi & Co., Chartered Accountants, were appointed as the company’s auditors for the fiscal year ending December 31, 2024. Their appointment is to continue until the conclusion of the next AGM, with the Chief Executive Officer authorized to negotiate their remuneration.

Additionally, the validity of a special resolution passed during an Extraordinary General Meeting on May 28, 2016, was extended. This resolution pertains to the investment of up to Rs. 625 million for the acquisition of 5 million ordinary shares of Nishat Mills Limited, an associated company. This extension allows the investment to proceed until May 28, 2027, with all other terms and conditions remaining unchanged.