Karachi: In a recent annual general meeting held on October 24, 2025, Kohat Textile Mills Limited announced several key resolutions, with a focus on financial approvals and corporate governance. The meeting was attended by the company's members who deliberated on both ordinary and special business matters.

The ordinary business of the meeting commenced with the approval of the Annual Audited Financial Statements for the fiscal year ending June 30, 2025. The statements, accompanied by the Chairman's Review Report, along with the Directors' and Auditors' reports, were received, considered, and adopted by the members.

Additionally, the meeting saw the approval of a final cash dividend of 10%, equating to Re. 1 per share. This dividend will be distributed from the profits of the financial year ending June 30, 2025, and is in addition to an interim dividend of Re. 1 already paid during the year. The dividend will be paid to members listed on the company’s register as of October 17, 2025.

In terms of audit oversight, M/s Shinewing Hameed Chaudhri & Co., Chartered Accountants, were reappointed as the external auditors. They will hold office until the conclusion of the next annual general meeting. The fee for their services will be set by the Chief Executive Officer of Kohat Textile Mills Limited.

Regarding special business, the meeting authorized the company to share common administrative expenses with its associated companies, including Saif Textile Mills Limited. These expenses encompass office rents, administrative salaries, utilities, and maintenance costs. The members ratified transactions conducted with related parties in the ordinary course of business for the year ended June 30, 2025, as disclosed in the financial statements.

Furthermore, the Chief Executive was empowered to execute and approve transactions with related parties for the upcoming fiscal year ending June 30, 2026. This authorization includes the execution of necessary documents and actions on behalf of the company.

According to information available from the Pakistan Stock Exchange (PSX), Kohat Textile Mills Limited operates within the designated market category. The company continues to maintain its financial and operational activities in alignment with its strategic objectives.

The resolutions passed during the meeting reflect the company's ongoing commitment to financial transparency, shareholder returns, and corporate governance.