Lahore: Shareholders of Nishat Mills Limited convened at the Emporium Mall in Lahore for their Annual General Meeting on October 28, 2025, where they passed several important resolutions concerning the company’s financial and administrative affairs.
The meeting, held at The Nishat Hotel, commenced at 11:50 a.m. and included the presentation and approval of the company’s audited un-consolidated and consolidated financial statements for the fiscal year ending June 30, 2025. The financial review was accompanied by reports from the Chairman, Directors, and Auditors. The shareholders resolved to adopt these financial documents, reinforcing the company’s commitment to transparency and accountability.
A significant decision made during the meeting was the approval of a final cash dividend of 20% or Rs.2 per ordinary share for the fiscal year ending June 30, 2025. This resolution was unanimously passed and is set to benefit shareholders whose names were recorded in the members’ register as of October 20, 2025. According to information available from the Pakistan Stock Exchange (PSX), the approved dividend reflects the company’s financial strategy and its continuous efforts to provide value to its shareholders.
Furthermore, the shareholders re-appointed M/s Riaz Ahmad & Co., Chartered Accountants, as the external auditors for the fiscal year 2025-26. The company’s Chief Executive Officer has been authorized to negotiate and determine the remuneration for these auditing services, as recommended by both the Audit Committee and the Board of Directors.
Nishat Mills Limited, a prominent entity within the textile sector, continues to uphold its operational and financial integrity through these resolutions, ensuring adherence to regulatory standards and maintaining shareholder confidence.