Karachi: The Hub Power Company Limited has announced the approval of several key resolutions during its 35th Annual General Meeting, held on October 20, 2026. The resolutions include the approval of the company's financial statements and the reappointment of auditors.

The meeting, attended by members of the company, saw the approval of the annual audited financial statements for the year ending June 30, 2026. These statements include both standalone and consolidated reports, accompanied by the Directors' Report, Auditor's Report, and the Chairman's Review. The Statement of Compliance with Listed Companies (Code of Corporate Governance) Regulations, 2019, along with the Auditor's Review Report on the said Statement of Compliance, also received approval.

In addition, a final cash dividend of Rs.5 per share, representing 50%, was approved for shareholders listed in the Register of Members as of October 12, 2026. This move is expected to distribute significant returns to the company's investors.

The meeting also endorsed the reappointment of M/s A.F. Ferguson & Co., Chartered Accountants, as statutory auditors for the company. The term will extend until the conclusion of the next Annual General Meeting, with fees to be mutually agreed upon. Federal or Provincial taxes and reimbursement of out-of-pocket expenses will be covered at actual costs.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions mark a pivotal moment for the Hub Power Company Limited's financial and operational strategy. The company continues to uphold its compliance with corporate governance regulations, ensuring transparency and accountability in its operations.

The resolutions passed at the meeting reflect the company's commitment to maintaining robust financial health and delivering consistent shareholder value. As the energy sector navigates a complex landscape, the Hub Power Company Limited remains focused on strategic growth and operational excellence.