Lahore: Ittehad Chemicals Limited has scheduled its 34th Annual General Meeting for shareholders on October 28, 2025, at 11:00 a.m. at the company's registered office in Lahore. The meeting will address several significant business matters, including the approval of financial statements and the declaration of dividends.
The primary agenda includes the confirmation of minutes from the Extraordinary General Meeting held on February 19, 2025. Shareholders will review and adopt the standalone and consolidated audited financial statements for the fiscal year ending June 30, 2025. The directors and auditors' reports, along with the Chairman's review, will also be presented.
A final cash dividend of PKR 2.00 per share, amounting to a 20% payout for the year ended June 30, 2025, is proposed. This is in addition to the interim cash dividend of PKR 2.00 per share already distributed. Shareholders' approval will be sought for the appointment of auditors for the financial year 2025-26, with M/s BDO Ebrahim & Co. offering themselves for re-appointment.
In special business, the meeting will ratify transactions with related parties, as detailed in the financial statements for the year ended June 30, 2025. Shareholders will approve these transactions as a special resolution, ensuring transparency and compliance with corporate laws.
According to information available from the Pakistan Stock Exchange (PSX), Ittehad Chemicals Limited has shown robust financial performance. The company achieved net sales of PKR 27.86 billion, a very large or significant move from the previous year's PKR 24.31 billion. Gross profit stood at PKR 4.99 billion, indicating steady financial health.
The company's profit after tax for the year was PKR 1.30 billion, a moderate move compared to PKR 1.39 billion in the previous year. Earnings per share were PKR 12.98, reflecting a minor move from PKR 13.86 the previous year.
The meeting will also discuss the enhancement of long-term investment up to PKR 10 billion in a wholly-owned subsidiary for a biomass power plant project. This initiative aims to bolster long-term profitability and operational sustainability.
Shareholders are encouraged to participate via video link, with credentials required for access. The company emphasizes the importance of electronic dividend mandates in compliance with the Companies Act, 2017, and urges shareholders to update their records to facilitate this process.
The financial results and agenda underscore Ittehad Chemicals Limited's commitment to transparency, strategic growth, and shareholder value.