Lahore: Ghani Glass Limited has announced the details of its 33rd Annual General Meeting (AGM), which will take place on October 28, 2025. The meeting is scheduled to commence at 11:00 a.m. at the Park Lane Hotel, located on Gulberg III, M.M. Alam Road, Lahore. This gathering will address several key issues, with shareholders expected to engage in discussions and decisions on various corporate matters.

The agenda for the upcoming AGM includes the confirmation of minutes from the previous year's meeting held on October 28, 2024. A significant focus will be on the financial performance of Ghani Glass Limited, as the company intends to present and adopt the audited annual accounts for the fiscal year ending June 30, 2025. Shareholders will also review reports from the Directors and Auditors.

A major decision to be made at the meeting concerns the approval of a final cash dividend. The company has proposed a dividend of 15%, equating to Rs. 1.5 per share, for the year ending June 30, 2025. Additionally, shareholders will be tasked with appointing auditors for the next fiscal year, ending June 30, 2026, and determining their remuneration.

According to information available from the Pakistan Stock Exchange (PSX), the company's share transfer books will remain closed from October 22, 2025, to October 28, 2025. This period is crucial as it determines membership eligibility for attending the AGM and entitlement to the cash dividend.

Shareholders have the option to appoint proxies to attend and vote on their behalf. Proxies must be appointed and all relevant documents submitted at least 48 hours prior to the meeting. The company has also arranged for a video conference facility, enabling shareholders to participate remotely. Requests for this service must be submitted at least seven days before the meeting date.

Additionally, shareholders who have unclaimed dividends or physical shares are encouraged to contact the company's Share Registrar. Withholding tax on dividend income will be applied according to the Finance Act 2014, with filers and non-filers subject to tax rates of 15% and 30%, respectively.

In compliance with Section 242 of the Companies Act, 2017, dividends will be paid electronically to the designated bank accounts of shareholders. Shareholders are urged to provide their banking details to ensure prompt payment.

The AGM and its decisions are pivotal for stakeholders, as they will influence the strategic direction and financial operations of Ghani Glass Limited for the upcoming year.