Sialkot: GOC (Pak) Limited convened its 62nd Annual General Meeting on October 22, 2025, in Sialkot, where shareholders unanimously approved several significant resolutions concerning the company’s financial and operational directives for the coming year.
On the agenda for the meeting, held at 11:00 a.m., was the approval of the company’s audited financial statements for the fiscal year ending June 30, 2025. Shareholders unanimously resolved to adopt the financial statements along with the Chairman’s Review and the Directors’ and Auditors’ Reports. Furthermore, the meeting saw unanimous approval for a cash dividend of 10.00 percent, equivalent to Rupees 1.00 per ordinary share, for the year ended June 30, 2025.
The appointment of Messrs. Tabussum Saleem & Company, Chartered Accountants, Lahore, as the company’s auditors for the fiscal year ending June 30, 2026, was also unanimously confirmed. The auditors’ remuneration is set to align with the Institute of Chartered Accountants of Pakistan’s directives, encompassing all related out-of-pocket expenses.
In terms of special business, the shareholders ratified and confirmed transactions with related parties as disclosed in note 33 of the financial statements for the year ending June 30, 2025. The Board of Directors was further authorized to approve related party transactions on a case-by-case basis for the financial year ending June 30, 2026, with the stipulation that such approvals by the Board would automatically receive shareholder endorsement and be presented for formal ratification in the subsequent Annual General Meeting.
According to information available from the Pakistan Stock Exchange (PSX), GOC (Pak) Limited’s resolutions conform to the stipulations under PSX Regulation 5.6.9(b), ensuring that corporate governance and financial reporting standards are meticulously upheld.
GOC (Pak) Limited, operating within the designated market category of the Pakistan Stock Exchange, continues to reinforce its commitment to transparent and effective corporate governance through these resolutions.