Hub Chowki: Baluchistan Wheels Limited convened its Annual General Meeting on October 4, 2025, at its registered office in Hub Chowki, District Lasbella, where several key resolutions were passed by the members.
The meeting commenced with the confirmation of the minutes from the Extra-ordinary General Meeting held on May 17, 2025. The minutes were approved unanimously without amendments.
The assembly proceeded to receive, consider, and adopt the audited financial statements for the fiscal year ending June 30, 2025. The financial documentation, which included the Chairman’s Review along with the Directors’ and Auditors’ Reports, was approved and adopted by the members.
A significant resolution passed involved the approval of a final cash dividend of Rs. 7 per share, equating to 70%, on ordinary shares for the year ended June 30, 2025. This is in addition to an interim cash dividend of Rs. 6 per share already disbursed, culminating in a total dividend of Rs. 13 per share or 130% for the financial year.
According to information available from the Pakistan Stock Exchange (PSX), the resolutions were circulated to certificate holders, ensuring transparency and compliance with market regulations.
The meeting also saw the appointment of M/s BDO Ebrahim & Co, Chartered Accountants, as auditors for the financial year ending June 30, 2026. Their tenure will extend until the conclusion of the next Annual General Meeting, with remuneration to be fixed by the company.
These decisions reflect Baluchistan Wheels Limited’s commitment to maintaining robust financial practices and adherence to shareholder interests within the designated market category.