Lahore: In a significant gathering, shareholders of Air Link Communication Limited convened for their 11th Annual General Meeting on September 27, 2024. The primary outcomes of the meeting included the adoption of the latest financial statements and the approval of a final cash dividend.

During the meeting, shareholders approved and adopted the Financial Statements for the fiscal year ended June 30, 2024, which also included the Statutory Auditors and Directors' Reports. This decision underscores the company's stable financial health and compliance with corporate governance norms.

Furthermore, the shareholders endorsed the reappointment of BDO Ebrahim and Co. Chartered Accountants as the Statutory Auditors for the upcoming financial year ending June 30, 2025. The Board of Directors has been authorized to negotiate the auditors' remuneration for the ensuing year, reflecting a continued trust in their expertise.

According to information available from the Pakistan Stock Exchange (PSX), a significant financial highlight from the meeting was the approval of a final cash dividend of 40%, amounting to Rs. 4.00 per share. This dividend is in addition to an already distributed interim dividend of 20%, which sums up to Rs. 2.00 per share. The final dividend will be payable to shareholders who are registered as of the close of business on September 20, 2024.

This resolution not only rewards the shareholders but also demonstrates Air Link Communication Limited’s commitment to providing value to its investors while maintaining robust financial performance.