Karachi: Arif Habib Limited held its 21st Annual General Meeting on October 21, 2025, at the PSX Auditorium and via Zoom. The meeting resulted in the approval of several significant resolutions in accordance with clause 5.6.9 (b) of the PSX Rule Book. These resolutions included the approval of financial statements, dividend declarations, and the appointment of auditors, among others.

During the meeting, the minutes from the previous Annual General Meeting, held on November 27, 2024, were approved, with the Chairman authorized to sign them. The company's annual audited unconsolidated and consolidated financial statements for the year ending June 30, 2025, were also affirmed. A final dividend of Rs. 10.00 per share, equivalent to 100%, was approved by the shareholders.

Additionally, the reappointment of M/s. Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants, as external auditors for the fiscal year ending June 30, 2026, was sanctioned. The meeting further authorized the Chief Executive and Company Secretary to determine the auditors' remuneration for the same period.

Significant corporate decisions were also made, including the authorization to proceed with the sale or liquidation of Rayaan Commodities (Private) Limited, a wholly-owned subsidiary. The Board of Directors received approval to negotiate and finalize the terms of this transaction. According to information available from the Pakistan Stock Exchange (PSX), disclosures regarding this transaction will be made to keep shareholders informed, and the details will be presented at the next Annual General Meeting.

In matters concerning related party transactions, the Board of Directors was authorized to approve such dealings for the financial year ending June 30, 2026, or until the next annual meeting. These transactions, if approved by the Board, will be presented for shareholder ratification as required under sections 207 and 208 of the Companies Act, 2017.

The meeting also addressed investment approvals in associated companies and undertakings. Consent was granted for the renewal of unutilized equity investment limits and sanctioned limits of loans and guarantees in associated entities, ensuring compliance with the Companies Act, 2017, and related regulations. These approvals are valid until the next annual meeting and are subject to renewal as specified.