Burj Clean Energy Modaraba Approves 6% Dividend at Annual Meeting

Karachi: Burj Clean Energy Modaraba has announced the approval of a 6% cash dividend, equivalent to Rs 0.60 per certificate, for the fiscal year ending June 30, 2026. This decision was made during the 2nd Annual Review Meeting held on October 26, 2026, in Karachi.

The meeting commenced with the confirmation and approval of the minutes from the previous meeting, which took place on October 28, 2025. This resolution was the first on the agenda and received unanimous support from the certificate holders in attendance.

Following this, the Modaraba's annual audited financial statements for the year ending June 30, 2026, were presented. The Chairman's Review Report, Director's Report, and the Auditor's Report, along with the notes annexed to the Annual Report 2026, were also reviewed and approved.

A pivotal decision made during the meeting was the approval of the final cash dividend, which stands at a 6% rate. According to information available from the Pakistan Stock Exchange (PSX), this dividend is set to be distributed to certificate holders listed in the Register of Certificate Holders as of October 19, 2026. This approval marks a moderate move in the dividend rate, reflecting the directors' recommendation.

Additionally, the re-appointment of M/s. BDO Ebrahim & Co., Chartered Accountants, as auditors for the financial year ending June 30, 2027, was approved. This appointment is subject to the approval of the Registrar Modaraba and will continue until the next Annual Review Meeting, with remuneration terms to be mutually agreed upon.

The resolutions passed during the meeting underscore the Modaraba's commitment to transparency and financial accountability, ensuring continued confidence among its stakeholders.