Karachi: Oil & Gas Development Company Limited (OGDCL) announced the successful passage of several key resolutions during its 29th Annual General Meeting, which took place on October 16, 2026. The resolutions, now effective, were adopted following shareholder approval on the same date.

The meeting saw the approval of the minutes from the previous Annual General Meeting held on October 27, 2025. Additionally, the shareholders gave their nod to the Separate and Consolidated Financial Statements for the fiscal year ending June 30, 2026, which had been audited by the statutory auditors, M/s A.F. Ferguson & Co., Chartered Accountants. The financial statements were circulated alongside the Directors' and Auditors' Reports prior to the meeting.

A significant resolution passed was the approval of a final cash dividend of Rs 6 per ordinary share, equating to a 60% dividend. This is in addition to the three interim cash dividends that were disbursed over the course of the year. According to information available from the Pakistan Stock Exchange (PSX), such financial decisions are pivotal in maintaining shareholder confidence and ensuring financial transparency within the designated market category.

Moreover, the appointment of M/s A.F. Ferguson & Co. as the statutory auditor for the fiscal year 2026-27 was confirmed, with the fee structure as recommended by the Board also receiving approval.

These resolutions reflect OGDCL's commitment to maintaining robust corporate governance practices and delivering value to its shareholders.