Lahore: Shareholders of Nimir Resins Limited (NRSL) convened on October 26, 2024, at their annual general meeting in New Muslim Town, Lahore, where they passed several key resolutions affecting the company's governance and financial distributions.

During the gathering, the shareholders approved the annual audited financial statements for the fiscal year ending June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), the audited documents, including the Directors' and Auditors' reports, were ratified as part of the ordinary business conducted during the meeting.

In further ordinary business, the shareholders agreed to reappoint Crowe Hussain Chaudhury and Co. as the external auditors for the upcoming financial year, which will end on June 30, 2025. This decision underscores the company's continuity in maintaining rigorous financial oversight.

Another significant resolution involved the approval of a cash dividend. The company declared a full and final cash dividend of Rs. 1 per share, which translates to a 10% dividend rate for the financial year that concluded on June 30, 2024. This distribution reflects NRSL's commitment to delivering value to its shareholders amidst its financial planning.

On the special business front, the shareholders passed a resolution to modernize the distribution of the company's annual report. NRSL will now circulate its annual report, including all financial statements and supplementary reports, through a QR-enabled code and a web link. This move is aimed at enhancing accessibility and environmental sustainability by reducing paper usage.

These resolutions not only signify the shareholders' trust in NRSL’s current management and financial path but also highlight the strategic initiatives towards embracing digital solutions for corporate communications.