Karachi: Pakistan Refinery Limited (PRL) held its 64th Annual General Meeting in Karachi on October 19, 2024, where shareholders approved significant resolutions including the adoption of financial statements and the declaration of dividends for the fiscal year ending June 30, 2024.
The shareholders approved the audited financial statements for the year ending June 30, 2024. These statements were accompanied by reports from the board and auditors, which were also adopted.
The meeting further resolved to approve a final dividend of 20%, equivalent to Rs. 2 per ordinary share, as recommended by the Board of Directors. This decision reflects the company’s performance and its commitment to returning value to the shareholders.
Additionally, the appointment of M/s. KPMG Taseer Hadi and Co., Chartered Accountants, was affirmed as the company’s auditors for the upcoming fiscal year ending June 30, 2025. The auditors will be engaged at a remuneration agreed upon by both parties.
According to information available from the Pakistan Stock Exchange (PSX), these resolutions were passed with the required shareholder approval, confirming the company’s continued adherence to corporate governance practices.
The resolutions were officially certified as having been duly passed during the meeting, marking another year of strategic steps taken by PRL in line with its corporate objectives.