Karachi: International Packaging Films Limited held its 11th Annual General Meeting on October 26, 2026, where shareholders passed several resolutions concerning both ordinary and special business matters.

During the meeting, the company adopted its annual audited financial statements for the fiscal year ending June 30, 2026, following a presentation of the Auditors' and Directors' Reports. Additionally, the appointment of M/s. A.F. Ferguson & Co., Chartered Accountants, was confirmed as the auditors for the upcoming financial year, with their remuneration to be negotiated.

A significant resolution was the approval of a Final Cash Dividend at a rate of 20%, equating to Rs. 2.00 per share, for the financial year that concluded on June 30, 2026. This dividend will be distributed from the company's unappropriated profits to shareholders recorded in the company's Register of Members as of the Book Closure date.

According to information available from the Pakistan Stock Exchange (PSX), the meeting also addressed a special business agenda. A resolution was passed authorizing International Packaging Films to provide Corporate Guarantees on behalf of its subsidiary, Petpak Films (Private) Limited. This authorization permits securing loans and other financing facilities up to an aggregate of PKR 15.00 billion over a three-year period. The terms and conditions of these guarantees will be mutually agreed upon, in compliance with applicable laws and regulations.

The resolutions further authorized the company's executive officers to complete necessary actions and formalities to implement these decisions, ensuring compliance with regulatory bodies such as the Securities and Exchange Commission of Pakistan and the Central Depository Company of Pakistan Limited.