Lahore: Shareholders of Nimir Industrial Chemicals Limited (NICL) convened at the Sultan Grand Hotel in Sheikhupura for the Annual General Meeting on October 14, 2026, where they passed several significant resolutions concerning the company's financial and auditing activities.

The meeting, held at 11:00 a.m., saw the approval of the Annual Audited Financial Statements for the fiscal year ending June 30, 2026. This approval was accompanied by the acceptance of the Statement of Compliance of the Corporate Governance Code (CCG), as well as the Directors' and Auditors' Reports.

In a move that will impact shareholder returns, a full and final cash dividend of Rs. 2.0 per share, representing 20%, was sanctioned. This dividend is in addition to an interim dividend of Rs. 4.00 per share, or 40%, leading to a total dividend of Rs. 6.00 per share, or 60%, for the concluded fiscal year.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions are aligned with the company's strategic financial objectives, ensuring that shareholders receive a comprehensive return on their investments.

Furthermore, the shareholders confirmed the appointment of M/s Grant Thornton Anjum Rahman, Chartered Accountants, as the external auditors for the financial year ending June 30, 2027. This decision reaffirms NICL's commitment to maintaining transparency and accuracy in its financial reporting.

The resolutions passed reflect the company's ongoing efforts to enhance shareholder value and maintain high standards of corporate governance, as required under the PSX Regulations.