Lahore: At the Annual General Meeting (AGM) held on October 28, 2024, shareholders of a Lahore-based company unanimously passed several key resolutions, confirming their commitment to robust corporate governance. The meeting, facilitated through a virtual link from Zubaida Hall, Lahore Chamber of Commerce and Industry, was marked by important financial decisions, including the approval of a significant dividend.

According to information available from the Pakistan Stock Exchange (PSX), the AGM approved the minutes from the previous year’s meeting held on October 26, 2023. The shareholders also ratified the Annual Audited Financial Statements for the fiscal year ended June 30, 2024, alongside the directors’ and auditors’ reports.

A notable financial resolution was the approval of a final cash dividend of 12.5%, equating to Rs. 1.25 per share for the fiscal year, as recommended by the Board of Directors on September 18, 2024. This decision reflects the company’s stable financial performance and commitment to returning value to its shareholders.

Furthermore, the meeting concluded with the appointment of M/S Crowe Hussain Chaudhary and Company, Chartered Accountants, as the company auditors for the year ending June 30, 2025. The Chief Executive of the company was also empowered to handle all deeds and actions necessary for the administration of the 12.5% final cash dividend to all entitled shareholders.