Karachi, Jahangir Siddiqui and Co. Limited has announced its 32nd Annual General Meeting (AGM) scheduled for Thursday, April 25, 2024, at The Centre in Karachi, aiming to discuss the year's financial outcomes, auditor appointments, and dividend payments among other agenda items. The notice for the AGM states that it will take place on the 15th Floor of The Centre, Plot No. 28, SB-5, Abdullah Haroon Road, at 9:30 a.m.

The meeting will focus on the examination and adoption of audited unconsolidated and consolidated financial statements for the year ended December 31, 2023, alongside the Directors' and Auditors' Reports, and the Chairman's Review Report. These documents are made accessible to stakeholders through the company's website, in line with the Companies Act, 2017, ensuring transparency and accessibility.

Further deliberations at the AGM will include the re-appointment of the company’s auditors, KPMG Taseer Hadi and Co., Chartered Accountants, who have been recommended by both the Audit Committee and the Board of Directors for another term, following their willingness to serve again.

Moreover, the Board of Directors proposes a preferred cash dividend of PKR 0.6 per preference share (i.e., 6% per annum) for the preference shareholders for the year ended December 31, 2023. This move underscores the company's commitment to delivering value to its shareholders while maintaining fiscal prudence.

The AGM notice will be published in "The NEWS" and "JANG" newspapers across Karachi, Lahore, and Islamabad on April 03, 2024, ensuring widespread dissemination among the TRE Certificate Holders of the Exchange.