Karachi: At its 35th Annual General Meeting on October 15, 2024, Cherat Packaging Limited announced key resolutions, including the approval of its annual financial statements and the declaration of a substantial dividend for its shareholders. The meeting, convened in compliance with corporate governance standards, highlighted the company's commitment to shareholder value and transparent financial management.

Members of Cherat Packaging ratified the minutes of the previous annual meeting, which took place on October 24, 2023, and formally approved the financial statements for the fiscal year ended June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), these statements had been audited and were accompanied by comprehensive reports from the directors and auditors.

In a significant move, the board resolved to distribute a final cash dividend of 35%, equivalent to Rs. 3.50 per share. This distribution is in addition to an interim dividend of 10% or Rs. 1.00 per share, previously disbursed among the shareholders, reflecting the company’s robust financial performance.

Further solidifying its governance framework, the assembly appointed Grant Thornton Anjum Rahman, a firm of chartered accountants, to serve as the company's auditors until the next annual meeting. This decision underscores Cherat Packaging’s dedication to maintaining stringent audit standards and ensuring financial accuracy.

These resolutions affirm Cherat Packaging’s strategy to reward shareholders while fostering a strong compliance culture, aimed at enhancing corporate accountability and financial transparency.