Karachi: Arif Habib Limited has scheduled its Twenty Second Annual General Meeting (AGM) for September 25, 2026, at 10:00 A.M., to be held at the PSX Auditorium in the Stock Exchange Building, Karachi. The meeting will also be accessible via video link, offering shareholders remote participation options.
During the AGM, the company plans to address several ordinary and special business items. Among the ordinary business matters, shareholders will confirm the minutes of the previous AGM held on October 21, 2025. They will also review and adopt the audited financial statements for the fiscal year ending June 30, 2026. This includes the auditors' and directors' reports, which have been made available for download on the company's website.
In addition, the Board of Directors has recommended a final cash dividend of Rs. 12.50 per share, translating to 125% for the year ended June 30, 2026. Shareholders will also appoint auditors for the financial year 2026-27, with the board recommending the reappointment of M/s. Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants.
Among the special business items, the AGM will consider authorizing the sale or liquidation of its wholly-owned subsidiary, Rayaan Commodities (Private) Limited. This decision follows previous authorization obtained in 2022. If executed before the next AGM, the company assures that appropriate disclosures will be made at the Pakistan Stock Exchange for stakeholder information. According to information available from the Pakistan Stock Exchange (PSX), such transactions will adhere to legal and regulatory requirements.
Shareholders will also discuss authorization for the Board of Directors to approve transactions with related parties during the financial year ending June 30, 2027. This includes ratifying any such transactions at the subsequent AGM.
Moreover, the AGM will deliberate on renewing unutilized limits of equity investments and sanctioned amounts for loans and guarantees in associated companies. Specifically, the renewal requested includes Rs. 1,500 million in loans and guarantees for Arif Habib Corporation Limited and an unutilized investment limit of Rs. 3,000 million for REIT schemes managed by Arif Habib Dolmen REIT Management Limited.
Any other business matters will be considered with the chair's permission. Accompanying the notice, shareholders will receive statements under Section 134(3) of the Companies Act, 2017, detailing special business items.