Lahore: Roshan Packages Limited has announced its 21st Annual General Meeting (AGM) to be held on October 28, 2024, at Lahore, and also available via video link. Shareholders will consider several key proposals, including the adoption of financial statements and the election of board directors.

During the AGM, the shareholders will review the audited financial statements for the year ended June 30, 2024. These documents, already available on the company’s website, include the Chairman’s Review Report and reports from both directors and auditors.

Additionally, a final cash dividend of Rs.1 per share, which equates to a 10% dividend rate, will be proposed for approval. According to information available from the Pakistan Stock Exchange (PSX), the company has consistently delivered dividends, underlining its commitment to shareholder returns.

One of the primary agenda items will be the election of seven directors for a three-year term. The nominees, as recommended by the company’s board, include existing directors whose terms have concluded. Shareholders will vote via electronic methods and postal ballots, with detailed voting procedures already communicated to registered shareholders.

The AGM will also address related party transactions carried out during the financial year ended June 30, 2024. These transactions, previously approved by a special resolution during last year's AGM, involve entities like Roshan Enterprises and Roshan Sun Tao Paper Mills (Pvt) Limited, a wholly owned subsidiary. The company seeks to ratify these transactions to ensure compliance and transparency in its dealings.

According to the announcement, all special business transactions and resolutions will be scrutinized under the stringent guidelines provided by the Listed Companies (Code of Corporate Governance) Regulations, 2019, ensuring that all dealings are conducted fairly and at arm's length.

The AGM will also provide shareholders with the opportunity to engage directly with the company’s senior management through the video link facility, aiming to foster greater transparency and engagement between the company and its investors.