Lahore: KSB Pumps Company Limited has formally announced the agenda for its 69th Annual General Meeting (AGM), scheduled to be held on April 22, 2026, at 11:30 a.m. The meeting will take place at the company’s registered office located at 16/2 Sir Agha Khan Road, Lahore, with both physical and virtual attendance options available for shareholders.
The agenda for the AGM includes several key items of ordinary business. Firstly, shareholders will be asked to confirm the minutes of the 68th AGM, which took place on April 23, 2025. Additionally, the meeting will focus on the adoption of the audited accounts of the company for the fiscal year ending December 31, 2025, along with the associated Auditor’s Report, Directors’ Report, and Chairman’s Review Report.
One of the primary financial matters to be addressed is the approval and declaration of a 10% dividend for the financial year ending December 31, 2025, as recommended by the board of directors. The meeting will also include the appointment of auditors for the year 2026, with M/s. KPMG Taseer Hadi & Co., Chartered Accountants, offering themselves for reappointment.
The election of seven directors, in accordance with the Companies Act, 2017, is also on the agenda. The retiring directors, including Dr. Sven Baumgarten, Mr. Imran Ghani, Mr. Dieter Antonius Pott, Ms. Ayesha Aziz, Mr. Asif Malik, Mr. Shahid Mahmood, and Mr. Hasan Aziz Bilgrami, will be replaced by newly elected members for a three-year term starting April 22, 2026.
Shareholders are reminded that the Share Transfer Books will be closed from April 15 to April 22, 2026. Transfers submitted by April 14, 2026, will be eligible for dividend payments. Proxies intending to vote on behalf of shareholders must submit their forms 48 hours before the meeting. Video-link facilities will be provided for members wishing to participate virtually, and registration for this must be completed by April 20, 2026.
Tax-related announcements include a reminder that shareholders must ensure their names are on the Active Taxpayers List (ATL) to benefit from a reduced withholding tax rate of 15% on dividends, as opposed to 30% for non-filers. Corporate shareholders are also advised to update their National Tax Number (NTN) with the respective entities.
For those with unclaimed dividends or shares, the company advises contacting the Share Registrar. The conversion of physical shares into book-entry form is highly recommended as per current stock exchange regulations.
The Pakistan Stock Exchange (PSX) has been informed of these proceedings. According to information available from the Pakistan Stock Exchange (PSX), KSB Pumps Company Limited is preparing to engage with shareholders on all listed matters. The AGM provides an opportunity for shareholders to voice their opinions and contribute to the company’s governance.
KSB Pumps Company Limited, categorized under the industrial goods sector, continues to prioritize transparent communication with its shareholders, ensuring compliance with regulatory requirements and shareholder engagement.