Karachi: Shareholders of Ismail Industries Limited convened on October 9, 2024, at the 36th Annual General Meeting to pass several critical resolutions, signaling robust financial health and operational continuity. According to information available from the Pakistan Stock Exchange (PSX), the assembly, hosted at Hotel One, Karachi, involved key decisions about the company's financial and auditing directions.

The meeting confirmed the minutes from the previous year’s gathering and approved the annual audited financial statements for the year ended June 30, 2024. These financial statements were complemented by the directors’ and auditors’ reports, along with a review from the chairman, all of which received the shareholders' nod indicating solid governance and oversight.

In a significant financial move, the shareholders approved a 100% final cash dividend, equivalent to Rs. 10 per ordinary share, for the fiscal year, underscoring the company's profitability and commitment to delivering shareholder value.

Furthermore, the shareholders reappointed M/s. Grant Thornton Anjum Rahman, Chartered Accountants, as the company's auditors for the upcoming fiscal year. This decision ensures continuity in financial scrutiny, as the firm was tasked with setting their remuneration, a responsibility vested in the Board's Audit Committee.

These decisions reflect Ismail Industries Limited’s steady financial trajectory and its adherence to stringent regulatory standards, ensuring sustained growth and shareholder satisfaction.