Lahore: Shareholders of Nimir Resins Limited (NRSL) convened at the ICAP House Auditorium in Lahore for their Annual General Meeting on Tuesday, October 13, 2026, where several key resolutions were passed. The meeting, governed by the disclosure requirements under Regulation 5.6.9(b) of the Pakistan Stock Exchange (PSX) Regulations, addressed both the financial performance and future directives of the company.
During the session, which commenced at 11:00 a.m., the shareholders approved the Annual Audited Financial Statements for the fiscal year ending June 30, 2026. This approval included a comprehensive acknowledgment of the Statement of Compliance with the Code of Corporate Governance, alongside the Directors' and Auditors' Reports. The ratification of these documents marks a significant step in ensuring the transparency and accountability of the company's financial operations.
Furthermore, the shareholders sanctioned a final cash dividend of Rs. 1.5 per share, equivalent to a 15% return, for the year ending June 30, 2026. This decision was made in addition to the interim dividend of Rs. Nil per share. The total approved dividend remains at Rs. 1.5 per share, mirroring a 15% yield for stakeholders. The dividend resolution reflects the company's commitment to returning value to its investors while maintaining fiscal prudence.
Additionally, the reappointment of M/s Crowe Hussain Chaudhury & Co., Chartered Accountants, as external auditors for the financial year ending June 30, 2027, was confirmed. This decision ensures continuity in the auditing process and reaffirms NRSL's dedication to maintaining rigorous financial oversight.
According to information available from the Pakistan Stock Exchange (PSX), the resolutions passed during the meeting align with the regulatory requirements and strategic goals of Nimir Resins Limited. The designated market category of NRSL, a significant player in the resins industry, underscores its influence within the sector.
The AGM resolutions underscore NRSL's ongoing efforts to streamline operations and enhance shareholder value, as the company prepares for the upcoming fiscal year.