Kohat: Kohat Cement Company Limited announced the successful passage of several key resolutions during its 47th Annual General Meeting held on October 22, 2026, at the company's registered office on Rawalpindi Road.

During the meeting, shareholders approved the adoption of the company's annual unconsolidated and consolidated financial statements for the financial year ending June 30, 2026. This included the auditors' and directors' reports, as well as the chairman's review. The financial statements were presented to the members and received unanimous approval.

The appointment of M/s. A.F. Ferguson & Co. Chartered Accountants as external auditors for the subsequent fiscal year was also confirmed. The firm will serve until the conclusion of the next annual general meeting, with a total remuneration set at 8 million rupees. The auditors' responsibilities will cover audits of both standalone and consolidated financial statements, and additional assurance services may be negotiated by the company's chief executive.

Transactions with related parties conducted during the financial year ending June 30, 2026, were ratified. These transactions included a contribution of 9,919,549 rupees to the Kohat Cement Educational Trust, purchases amounting to 1.73 billion rupees from Ultra Pack (Private) Limited, and 468.18 million rupees from Ultra Kraft (Private) Limited. According to information available from the Pakistan Stock Exchange (PSX), these dealings were in accordance with the company's policy on related party transactions.

Further authorization was granted for future transactions with related parties during the financial year ending June 30, 2027. These transactions will proceed on an arm's length basis, with no specified limits on transaction amounts.

Finally, the meeting approved an investment of up to 600 million rupees by way of a loan to Ultra Kraft (Private) Limited, an associated company. The loan is designed to address short-term liquidity needs, with a term of one year beginning October 29, 2026. The loan conditions include a mark-up rate of 1.50% above the three-month KIBOR or the company's average borrowing cost, whichever is higher, along with a penalty for late payment.

These resolutions underscore Kohat Cement Company Limited's commitment to maintaining robust financial management and strategic partnerships.