Lahore: Millat Tractors Limited has released the agenda for its 63rd Annual General Meeting, scheduled to be held on October 27, 2026, at its registered office in Lahore. The meeting will also be accessible through video conferencing, allowing broader participation.

The agenda for the meeting covers both ordinary and special business. Under ordinary business, the shareholders will be asked to confirm the minutes from the Extra Ordinary General Meeting held on June 5, 2026. Additionally, they will review and adopt the financial statements for the year ended June 30, 2026. The financial documents, including the Chairman's Review, Directors', and Auditors' Reports, are now available on the company's website.

A significant focus of the gathering will be on the approval of a final cash dividend of Rs. 11.00 per share, representing 220%, in addition to the interim dividend of Rs. 10.00 per share, or 200%, previously distributed. This brings the total cash dividend to Rs. 21.00 per share, equating to 420%.

The appointment of auditors, M/s. A.F Ferguson & Co, Chartered Accountants, and the determination of their remuneration for the financial year ending June 30, 2027, is also on the agenda.

Special business will include ratifying transactions conducted with subsidiary and associated companies for the year ended June 30, 2026. According to information available from the Pakistan Stock Exchange (PSX), these transactions involve various purchase and sale dealings amounting to substantial sums. Notably, TIPEG Intertrade FZE had a purchase of components worth approximately 1.08 billion rupees, while Millat Industrial Products Limited and Bolan Castings Limited recorded purchases of approximately 444.83 million rupees and 1.88 billion rupees, respectively. The sale of components to TIPEG Intertrade FZE amounted to approximately 4.07 billion rupees, with additional sales to Bolan Castings Limited totaling 943,738 rupees.

The meeting will also seek shareholder authorization for the Chief Executive Officer to approve future transactions with subsidiary and associated companies until the next annual general meeting. These transactions will be presented for ratification in the subsequent meeting.

The designated market category for Millat Tractors Limited, as per the PSX, remains unchanged.