Faisalabad: Interloop Limited, one of the prominent players in the textile industry, held its 34th Annual General Meeting on October 14, 2026. The meeting took place at the Interloop Executive Club, located at the Interloop Industrial Park in Faisalabad, where key resolutions were adopted, including the declaration of a final cash dividend and the election of directors for a three-year term.
The shareholders confirmed and approved the minutes from the previous Annual General Meeting held on October 10, 2025. Furthermore, the Annual Audited Financial Statements for the year ending June 30, 2026, were received and adopted. These statements included the Statement of Financial Position, Statement of Profit or Loss, and other essential financial documents. The respective reports from the Chairperson, Directors, and Auditors were also reviewed.
A significant decision was the approval of a final cash dividend of Rs. 2 per share, amounting to 20%, for the year ending June 30, 2026. This is in addition to an interim cash dividend already distributed at Rs. 2 per share, marking a cumulative dividend of 40% for the fiscal year. According to information available from the Pakistan Stock Exchange (PSX), this move reflects a strategic financial decision by the company to reward its shareholders.
Interloop Limited also re-appointed M/s. Kreston Hyder Bhimji & Co., Chartered Accountants, as the Statutory Auditors for the financial year ending June 30, 2027. The Chief Executive Officer and the Chief Financial Officer have been authorized to determine their remuneration and manage related expenses.
In a notable development, nine individuals were elected unopposed as Directors of Interloop Limited for a three-year term commencing from October 22, 2026. The elected directors include Mr. Musadaq Zulqarnain, Mr. Navid Fazil, Mr. Muhammad Maqsood, Ms. Farwa Hasnain, Ms. Fatima Asad Khan, Ms. Romana Abdullah, Mr. Tariq Iqbal Khan, Ms. Faryal Sadiq, and Mr. Jahan Zeb Khan Banth. Among them, three serve as independent directors, reinforcing the company's commitment to maintaining a balanced and diverse board.
The resolutions passed at the meeting highlight Interloop Limited's ongoing efforts to maintain strong governance and financial transparency, further solidifying its position within the designated market category of the textile industry.