Karachi: BRR Guardian Limited, a key player in the financial services sector, has announced the scheduling of its third Annual General Meeting (AGM) for November 27, 2025. The meeting will convene at 5:30 PM at the BRR Tower on Hassan Ali Street, Karachi. The company has detailed an agenda that includes the confirmation of previous meeting minutes, consideration of financial statements, approval of a dividend, and election of directors.
According to the notice issued by the company, the AGM will cover several significant topics, including the adoption of the audited financial statements for the fiscal year ending June 30, 2025. Shareholders will also vote on a proposed cash dividend of Re. 0.5 per share, equating to 5% of the share value. This dividend proposal aligns with the Board of Directors' recommendations and reflects a minor move in shareholder returns.
In addition to regular business, the AGM will address the election of seven directors as fixed by the Board, with current directors eligible for re-election. The retiring directors include Ms. Hamida Dawood, Mr. Ayaz Dawood, Mr. Muhammad Ali Ayaz Dawood, and others who have indicated their willingness to continue serving.
On the agenda for special business, the company seeks approval to amend its Memorandum of Association to align its operations with Shariah principles. This change is supported by the SECP Shariah Compliance Certificate issued earlier this year. Furthermore, BRR Guardian Limited intends to implement an Employees Stock Option Scheme (ESOS) for 2025, which aims to reserve 10% of the company's paid-up capital for employee stock options. This initiative is designed to attract and retain talent in line with the company's strategic goals.
According to information available from the Pakistan Stock Exchange (PSX), all resolutions, including the special resolutions, will be subjected to shareholders' approval at the meeting. Shareholders are encouraged to exercise their voting rights, either in person or via electronic means, to ensure their voices are heard.
The company has also clarified logistical details concerning the AGM, including the closure of its share transfer books from November 21 to November 27, 2025. This period will ensure that all transfers received by November 20 are processed in time for the AGM. Additionally, BRR Guardian Limited will offer a video conference facility for shareholders unable to attend in person, ensuring broader participation.
BRR Guardian Limited has emphasized compliance with statutory requirements by mandating the submission of CNIC copies from shareholders who have not yet provided them. The company has also reminded shareholders of the necessity to update their bank account details to facilitate electronic dividend payments, in adherence to Section 242 of the Companies Act, 2017.
The AGM is expected to reinforce BRR Guardian Limited's commitment to transparency and shareholder engagement, with all meeting materials and resolutions to be disseminated through the company's online platforms and official communication channels.