Karachi: Cherat Packaging Limited has announced that its Annual General Meeting (AGM) is scheduled to take place on October 23, 2025. The meeting will be held both physically and through a video link conferencing facility, allowing shareholders to participate remotely. The announcement, dated October 1, 2025, provides details of the AGM agenda, which is set to be published in daily newspapers Business Recorder and Nawa-e-Waqt.
The meeting will address several key business items. Among these is the consideration and adoption of the audited accounts for the fiscal year ended June 30, 2025, alongside the Directors' and Auditors' Reports. Shareholders will also deliberate on the approval of a final cash dividend of 20% (Rs. 2.00 per share), which adds to the interim cash dividend of 10% (Re. 1.00 per share) previously distributed for the same financial year.
The company's Board of Directors has also recommended the appointment of Grant Thornton Anjum Rehman—Chartered Accountants—as auditors for the fiscal year 2025/26, with their remuneration set to be fixed during the meeting. Additionally, the agenda includes the ratification of transactions conducted with related parties during the last fiscal year, as disclosed in the financial statements.
According to information available from the Pakistan Stock Exchange (PSX), the dividend proposal aligns with Cherat Packaging Limited's ongoing commitment to returning value to its shareholders. The designated market category for this announcement is the Pakistan Stock Exchange.
The AGM will also offer a platform for transacting special business, including the approval of resolutions concerning future transactions with related parties. The company has provided detailed instructions for shareholders on how to participate and vote in the AGM, either in person or through proxies. For those unable to attend physically, a video link via the ZOOM application will be available, and shareholders are encouraged to register in advance.
Members are advised that the register of members will be closed from October 15 to October 23, 2025, during which no share transfers will be registered. The company has also outlined procedures for electronic and postal voting, ensuring that all shareholders have the opportunity to participate in decision-making, even if they cannot attend the meeting in person.
The company's communication urges shareholders to ensure that their information is up to date to facilitate seamless participation and dividend distribution. Cherat Packaging Limited continues to emphasize compliance with the Companies Act, 2017, and regulatory requirements, ensuring transparency and accountability in its operations.