Karachi: Shareholders of Dawood Lawrencepur Limited, a company listed under the designated market category of the Pakistan Stock Exchange, convened for their Annual General Meeting on April 25, 2025, in Karachi and via video link. They adopted several resolutions concerning the company's financial and operational matters for the year ended December 31, 2024.

During the meeting, shareholders approved the audited financial statements of the company, which included the statement of financial position, profit or loss account, statement of comprehensive income, statement of changes in equity, and statement of cash flows, alongside the Auditors' and Directors' Reports and the Chairman's Review Report. The resolution stated, "RESOLVED that the audited financial statements (comprising of statement of financial position; profit or loss account, statement of comprehensive income, statement of changes in equity, statement of cash flows and notes thereon) together with the Auditors' and Directors' Report and the Review Report of the Chairman, of Dawood Lawrencepur Limited for the year ended December 31, 2024, be and are hereby adopted."

Shareholders also approved a final cash dividend of PKR 5 per share, equivalent to 50%, for the year ended December 31, 2024. This is in addition to the interim cash dividend of PKR 3 per share, representing 30%, which had already been disbursed. The resolution noted, "RESOLVED that the final cash dividend of PKR 5 per share i.e. 50% for the year ended December 31, 2024, in addition to the interim cash dividend of PKR 3 per share i.e. 30% already paid, be and is hereby approved."

In another significant decision, the shareholders reappointed Messrs. A. F. Ferguson & Co., Chartered Accountants, as the auditors for the year ending December 31, 2025. The resolution authorized their reappointment at a fee to be mutually agreed upon. It stated, "RESOLVED that Messrs. A. F. Ferguson & Co., Chartered Accountants, be and are hereby reappointed as Auditors of Dawood Lawrencepur Limited for the year ending December 31, 2025, at a fee to be mutually agreed upon."

According to information available from the Pakistan Stock Exchange (PSX), these resolutions align with the regulatory requirements and the company's strategic objectives, ensuring compliance and financial transparency.