Lahore: Panther Tyres Limited has announced the convening of its 43rd Annual General Meeting (AGM) on October 20, 2026, at Faletti's Hotel in Lahore. The meeting, scheduled for 2:00 p.m., will address several key agenda items.
The company has outlined the ordinary business to be discussed, including the confirmation of minutes from the last Extraordinary General Meeting held on December 31, 2025. Additionally, the AGM will review and consider the adoption of the audited financial statements for the fiscal year ending June 30, 2026.
Shareholders will vote on the approval of a cash dividend of 20%, equivalent to PKR 2.00 per share, as recommended by the Board of Directors. Furthermore, the appointment of auditors for the upcoming fiscal year, specifically M/s A.F. Ferguson & Co., Chartered Accountants, will be on the agenda.
In compliance with the Securities and Exchange Commission of Pakistan's directives, Panther Tyres Limited offers a video link facility for virtual participation through the Zoom application. Shareholders are encouraged to register their details via email to ensure access to the virtual proceedings.
The company underscores the importance of updating bank account information for dividend transfers through electronic means, a requirement under Section 242 of the Companies Act, 2017. The withholding tax rates for dividends, based on the Active Taxpayer List (ATL) status, are set at 15% for those appearing on the list and 30% for those not listed.
According to information available from the Pakistan Stock Exchange (PSX), Panther Tyres Limited is a key player in the designated market category, and its financial actions, such as dividend payments, are closely monitored by stakeholders.
Shareholders are advised to ensure their names appear on the ATL to benefit from the lower tax deduction rate. The company also requires notarized declarations for zakat exemption and valid tax exemption certificates for withholding tax relief on dividend income.
The AGM notice has been published in English in The Pakistan Observer and in Urdu in Nai Baat, ensuring widespread communication to stakeholders. Panther Tyres Limited remains committed to transparency and regulatory compliance in all its financial dealings.