Karachi: Macter International Limited has scheduled its Annual General Meeting (AGM) for shareholders on Saturday, October 25, 2025, at 10:00 a.m. The meeting will take place at the Moosa D. Desai Auditorium, Institute of Chartered Accountants of Pakistan, Clifton, Karachi. The agenda includes several key matters for consideration.
The company will present its audited consolidated and unconsolidated financial statements for the year ending June 30, 2025, alongside reports from the directors and auditors. Additionally, shareholders are set to approve a final cash dividend of 20%, equivalent to Rs. 2.00 per ordinary share. This is in addition to an interim cash dividend of 18%, or Rs. 1.80 per share, previously disbursed.
Macter International Limited is also prepared to appoint auditors for the upcoming financial year ending June 30, 2026. M/s. A. F. Ferguson & Co., Chartered Accountants, the current auditors, are retiring but have expressed willingness for reappointment. The Board of Directors, following the Board Audit Committee's recommendation, has proposed their reappointment.
Shareholders wishing to participate in the AGM, either physically or via video link, must ensure their registration with the Company Secretary's office by the close of business on October 17, 2025. The meeting will also facilitate the appointment of proxies, with procedures in place for both individual and corporate shareholders.
The share transfer books will remain closed from October 18 to October 25, 2025, for the purpose of determining shareholders' entitlement to the final cash dividend and voting rights at the AGM. Transfers registered by October 17, 2025, will be considered timely.
According to information available from the Pakistan Stock Exchange (PSX), Macter International Limited operates within the designated market category, with specific regulatory requirements for shareholder participation and financial disclosures. The PSX's directives ensure listed companies, like Macter International Limited, comply with various regulations, including electronic dividend payments and the conversion of physical shares to book-entry form.
The company also urges shareholders to provide their International Bank Account Number (IBAN) for electronic dividend payments, a mandatory requirement under the Companies Act, 2017. Shareholders who have not yet complied are encouraged to submit the necessary information promptly.
Furthermore, the Securities and Exchange Commission of Pakistan (SECP) permits companies to distribute audited financial statements and AGM notices via email. Shareholders may opt in for this service by providing their consent and email address.
The meeting will address any other business with the permission of the Chair, ensuring comprehensive shareholder engagement and compliance with regulatory standards.