Multan: Ahmad Hassan Textile Mills Limited convened its 37th Annual General Meeting on Wednesday, October 28, 2026, at its headquarters in Hassan Parwana Colony. Shareholders of the company passed several resolutions concerning the company’s financial statements, auditor appointments, and board of directors, marking important decisions in the company's governance and shareholder returns.

According to the resolutions passed, the minutes from the previous year's annual meeting, held on October 28, 2025, were approved. Additionally, the company’s audited financial statements, along with the Directors' and Auditors' reports for the fiscal year ending June 30, 2026, received approval from the shareholders.

The appointment of M/s Crown Hussain Chaudhry & Co as the statutory auditors for the fiscal year ending June 30, 2027, was confirmed. The company's Chief Executive Officer has been authorized to negotiate and determine the remuneration for the auditors.

In a move to reward its shareholders, the company approved a final cash dividend of Rs.0.75 per share, representing a 7.50% payout. This decision applies to shareholders listed in the Register of Members as of October 20, 2026.

The meeting also addressed the election of directors. As the number of candidates did not exceed the available positions, seven individuals were confirmed as directors for the upcoming three-year term starting October 28, 2026. The elected directors are Mian Muhammad Javed, Mrs. Salma Javed, Mr. Muhammad Haris, Mrs. Bushra Ali, Mr. Ali Kamal, Mr. Manzoor Ahmad, and Mr. Haseeb Haris Mughal.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions reflect the company's strategic decisions and shareholder engagement, aligning with industry practices.

The textile industry, which is a significant segment of Pakistan's economy, continues to face challenges and opportunities, and the resolutions passed at this meeting underscore Ahmad Hassan Textile Mills Limited's commitment to navigating this landscape.