Lahore: Baba Farid Sugar Mills Limited has officially scheduled its 47th Annual General Meeting (AGM) to take place on January 26, 2026, at 3:00 PM. The meeting will be conducted both at the company's registered office in Lahore and through a video link via Zoom application, allowing for broader shareholder participation.
The meeting's agenda includes confirming the minutes of the previous AGM held on January 28, 2025, and discussing the adoption of the Annual Audited Financial Statements for the year ending September 30, 2025. Shareholders will also deliberate on the final cash dividend of Rs. 2.00 per share, representing a 20% dividend rate, as recommended by the Board of Directors on December 24, 2025.
Additionally, the appointment of auditors for the fiscal year 2025-26 will be addressed, with the current auditors, M/s. BDO Ebrahim & Co. Chartered Accountants, expressing willingness for reappointment. Special business on the agenda includes the approval of transactions with related parties, which involves substantial dealings with Naubahar Bottling Company (Pvt.) Limited, The Thal Industries Corporation Limited, and Almoiz Industries Limited.
According to information available from the Pakistan Stock Exchange (PSX), key transactions include the sale of sugar to Naubahar Bottling Company for approximately 1.74 billion PKR and purchases from The Thal Industries Corporation amounting to 9.23 million PKR. Additionally, sales to Almoiz Industries, including scrap and bagasse, totaled approximately 59.76 million PKR, with a purchase of steel items valued at 4.18 million PKR.
Shareholders are encouraged to participate in the AGM electronically via Zoom, and proxy appointments are available for those unable to attend. The company has made provisions for online comments and suggestions on agenda items, further promoting shareholder engagement.
For those preferring written correspondence, the company has designated M/s. Corplink (Pvt.) Limited as the Share Registrar to manage share transfers and registration details. Voting on special business items will include electronic voting facilitated by Corplink, with lines open from January 22 to January 25, 2026.
Shareholders are reminded to convert their physical share certificates into a book-entry form, in compliance with the Companies Act, 2017. They are also urged to provide updated personal information, including CNIC and IBAN, to facilitate electronic dividend payments.
The AGM notice and related documents are accessible on the company's website, reinforcing its commitment to transparency and shareholder communication. The meeting will focus on ensuring compliance with regulatory requirements while fostering active participation from its shareholders.