Karachi: Shareholders of International Knitwear Limited convened for their 35th Annual General Meeting on October 27, 2025, where they passed several resolutions pertaining to the company’s financial and operational strategies.
During the AGM, the shareholders approved the company’s Annual Audited Financial Statements for the fiscal year ending June 30, 2025, along with the accompanying Directors’ and Auditors’ reports. This approval marks a significant step in the company’s compliance and transparency efforts.
In a further move, the shareholders sanctioned a final cash dividend of 1.0 IYKR per share, equivalent to 10%, for the year ending June 30, 2025. This dividend resolution was initially recommended by the company’s Board of Directors on September 29, 2025. The dividend represents a Minor move within the company’s strategic financial planning.
Additionally, the appointment of M/s RSM Avais Hyder Liaquat Nauman Chartered Accountants as the statutory auditors for the company was approved for the fiscal year ending June 30, 2026. The remuneration for this appointment was determined by the Board of Directors. This decision is aligned with the company’s ongoing commitment to maintaining rigorous auditing standards.
According to information available from the Pakistan Stock Exchange (PSX), International Knitwear Limited continues to adhere to the necessary regulatory requirements, ensuring that all shareholder resolutions align with market expectations and legal mandates. This adherence underscores the company’s dedication to governance and shareholder value.
These resolutions reflect International Knitwear Limited’s strategic focus on financial stability, shareholder returns, and corporate governance. The outcomes of the AGM indicate a concerted effort by the company’s leadership to navigate the evolving business landscape effectively.