Karachi: Pakistan Paper Products Ltd. has successfully concluded its 64th Annual General Meeting, held on October 21, 2026, where several significant resolutions were passed by the shareholders. The formal gathering, a pivotal event for the company, addressed crucial financial and administrative matters.

The meeting commenced with the approval of the minutes from the Extraordinary General Meeting conducted on May 11, 2026. This procedural step ensured that the prior meeting's decisions were officially recognized and documented.

Shareholders proceeded to adopt the Annual Audited Accounts for the fiscal year ending June 30, 2026. This adoption included the Chairman's Reviews, along with the Directors' and Auditors' Reports. These documents also encompassed related party transactions, underscoring the comprehensive nature of the financial review.

A key highlight of the meeting was the approval of a final cash dividend at the rate of 80%, equivalent to Rs.8.00 per ordinary share of Rs.10 each. This dividend, recommended by the Board of Directors, pertains to the fiscal year ending June 30, 2026, and will be distributed to eligible shareholders.

In a move aimed at ensuring continuity in financial oversight, the shareholders agreed to reappoint Faruq Ali & Co. Chartered Accountants as the company's auditors for the financial year ending June 30, 2027. The Board of Directors has been granted the authority to determine the auditors' remuneration, reflecting confidence in the firm's auditing capabilities.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions passed during the meeting reinforce Pakistan Paper Products Ltd.'s commitment to transparency and shareholder engagement. This focus aligns with the company’s broader strategic goals within the designated market category of paper products.

The resolutions passed at this meeting underscore the company's adherence to sound corporate governance practices, paving the way for sustained growth and operational stability.