Lahore: In its Annual General Meeting (AGM) held on October 22, 2025, Nishat Chunian Limited confirmed several key resolutions, reinforcing its financial and operational strategies for the upcoming year. The meeting took place at the company's registered office in Lahore, with significant decisions made regarding financial statements, dividends, and auditor appointments.
The shareholders unanimously approved the minutes of the previous AGM dated October 28, 2024. The audited financial statements for the year ending June 30, 2025, including both separate and consolidated accounts, received approval, alongside associated reports from the Chairman, Directors, and Auditors.
A notable resolution passed during the meeting was the reappointment of M/S. Riaz Ahmad & Co. Chartered Accountants as the auditors for the year ending June 30, 2026. The Chief Executive of the company has been granted authority to negotiate and finalize their remuneration.
In terms of shareholder returns, a final cash dividend of 10% or Re. 1 per share was approved, adding to an interim dividend of the same rate already distributed to shareholders. This results in a total dividend of 20% or Rs. 2 per share for the financial year ending June 30, 2025. This dividend declaration indicates a minor move in returns for shareholders. According to information available from the Pakistan Stock Exchange (PSX), these financial maneuvers reflect the company's ongoing commitment to shareholder value and operational transparency.
The AGM also ratified all transactions with related parties, as disclosed in Note 39 of the unconsolidated financial statements, with authorization given to the Board of Directors to approve future related party transactions on a case-by-case basis until June 30, 2026. These transactions will be presented at the next AGM for formal ratification.
Additionally, the meeting granted approval, subject to regulatory compliance, for the provision of an interest-bearing house loan up to ten million rupees to Ms. Nadia Bilal, executive director of the company. This loan is repayable over five years, in line with section 182 of the Companies Act, 2017.
The Chief Financial Officer and Company Secretary have been empowered to execute necessary actions to facilitate these resolutions, ensuring procedural adherence and legal formalities are met.
These resolutions represent significant steps in Nishat Chunian Limited's ongoing corporate governance and strategic planning, aligning with its commitment to regulatory compliance and shareholder engagement within the market category.