Karachi, Colgate-Palmolive (Pakistan) Limited has officially announced its 45th Annual General Meeting (AGM), scheduled to take place on Friday, September 29, 2023, at 3:00 p.m. The event will be held at the ICAP Auditorium, Chartered Accountants Avenue, Clifton, Karachi, with provisions for electronic participation via video link.
The key agenda items for this year's AGM include:
1. Adoption of Audited Financial Statements: Shareholders will have the opportunity to receive, consider, and adopt the audited financial statements of the company for the fiscal year ending June 30, 2023, along with the accompanying Directors' and Auditors' reports.
2. Declaration of Final Cash Dividend: Colgate-Palmolive (Pakistan) Limited intends to declare a final cash dividend for the year ending June 30, 2023, at the rate of Rs. 5.00 per share, representing 50% of the share value. This dividend is in addition to the 1st interim cash dividend of Rs. 20.00 per share (200%) and the issuance of fully paid bonus shares at 45% in the proportion of nine shares for every twenty shares of Rs. 10/- each. Furthermore, a 2nd interim cash dividend of Rs. 40.00 per share (400%) has already been paid, accompanied by the issuance of fully paid bonus shares at 100% in the proportion of one share for every one share of Rs. 10/- each.
3. Appointment of Auditors: Shareholders will vote on the appointment of auditors for the upcoming fiscal year and determine their remuneration.
It is important to note that the share transfer books of the company will remain closed from September 22, 2023, to September 29, 2023, both days inclusive.
The 45th Annual General Meeting of Colgate-Palmolive (Pakistan) Limited presents an opportunity for shareholders and stakeholders to engage with the company's leadership, review its financial performance, and participate in crucial decision-making processes. Electronic participation through the video link facility underscores the company's commitment to ensuring transparency and accessibility for all shareholders.
This AGM is expected to attract a significant turnout, as shareholders gather to discuss and approve the company's financial reports, dividend declaration, and other matters of corporate importance.
