Karachi: Agriauto Industries Limited is set to hold its 45th Annual General Meeting (AGM) on October 22, 2026, at the Pearl-Continental (PC) Hotel in Karachi. This assembly will address key business matters for the fiscal year ended June 30, 2026, including the adoption of audited accounts, the approval of a final cash dividend, and the appointment of auditors.
The meeting, scheduled to commence at 11:30 AM, will provide an opportunity for shareholders to review the company's financial performance and strategic direction. The agenda includes the consideration and adoption of the audited accounts for the year ending June 30, 2026, alongside the Chairman's Review Report, Directors', and Auditors' Report.
A significant point of interest is the proposed final cash dividend of 100%, equating to Rs. 5 per share, for the fiscal year 2025-26, as recommended by the Board of Directors. Shareholders are expected to vote on this resolution during the meeting.
Additionally, the AGM will oversee the appointment of auditors for the upcoming fiscal year ending June 30, 2027. The current auditors, M/s. A. F. Ferguson & Co., Chartered Accountants, are retiring but have expressed their willingness to continue, subject to re-appointment.
The Share Transfer Books will be closed from October 16, 2026, to October 22, 2026, inclusive. Therefore, transfer requests received by M/s. FAMCO Share Registration Services (Pvt.) Limited by the close of business on October 15, 2026, will be processed in time for the meeting.
According to information available from the Pakistan Stock Exchange (PSX), the designated market category for this meeting is Ordinary Business. This categorization emphasizes the routine yet essential nature of the decisions to be made, reflecting the company's ongoing commitment to transparency and regulatory compliance.
To ensure accessibility and shareholder safety, the company will facilitate virtual attendance in addition to the physical meeting. Shareholders interested in participating virtually are required to register their intent by October 20, 2026, via the designated email address provided by the company.
The AGM will adhere to a strict code of conduct as outlined by the Companies Act, 2017, ensuring orderly proceedings and compliance with relevant regulations. The company has reiterated that no gifts will be distributed to members during the meeting, in compliance with Section 185 of the Companies Act.
In preparation for the election of directors, the company has detailed the requirements for candidacy, including necessary declarations and documentation. Independent directors will be selected according to the criteria set forth in the Companies Act and related regulations, with due diligence conducted on all notices received.
The final list of director candidates will be made available seven days prior to the AGM, ensuring transparency and enabling informed decision-making by shareholders.