Lahore: At the 61st Annual General Meeting of Atlas Honda Limited, held on June 24, 2025, key resolutions were passed, including the approval of a significant final cash dividend. The meeting, conducted at Lahore, was convened in compliance with the requirements of Regulation No. 5.6.9 (b) of the Rule Book of the Pakistan Stock Exchange.
During the session, the minutes from the previous AGM on June 27, 2024, received confirmation. This procedural step was followed by the adoption of the Annual Audited Financial Statements for the fiscal year ending March 31, 2025. The attendees also approved the accompanying Directors' and Auditors' Reports, along with the Review Report from the Chairman.
A notable resolution at the meeting was the reappointment of M/s ShineWing Hameed Chaudhri & Co., Chartered Accountants, as the auditors for the fiscal year ending March 31, 2026. The firm had previously served in this capacity and was deemed eligible to continue.
The Board's recommendation of a final cash dividend of Rs.42 per share, amounting to 420%, was approved. This dividend is in addition to an interim cash dividend of Rs.32 per share or 320%, already disbursed during the fiscal year. According to information available from the Pakistan Stock Exchange (PSX), this decision reflects a very large or significant move and will benefit shareholders listed in the Register of Members as of June 10, 2025.
In accordance with the agenda, the Chair allowed for the transaction of other business matters, though details of such transactions were not disclosed.