Karachi: Safe Mix Concrete Limited is set to hold its 18th Annual General Meeting (AGM) on 25 October 2024, convening at Karachi. Where shareholders will address several key points of business for the past fiscal year.

Scheduled on the agenda is the confirmation of minutes from the previous AGM held on 16 October 2023. Attendees will also review and potentially adopt the annual audited financial statements for the year ending 30 June 2024. These statements, which include the Directors’ and Auditors’ Reports, have been made available on the company's website as mandated by Section 223 of the Companies Act, 2017, and in line with S.R.O. 389(I)/2023 dated 21 March 2023.

A pivotal decision on the table will be the approval of a final cash dividend for the fiscal year ended on 30 June 2024. The proposed rate stands at 20%, which equates to PKR 2 per ordinary share, following the Board of Directors' recommendation. According to information available from the Pakistan Stock Exchange (PSX), this declaration aligns with the company’s consistent performance and strategic financial planning.

Furthermore, shareholders are expected to appoint and set the remuneration for external auditors for the upcoming fiscal year. The current auditors, M/s. Rehman Sarfaraz Rahim Iqbal Rafiq and Co., Chartered Accountants, have been recommended for reappointment by the Audit Committee based on their prior service and expertise.

This gathering of shareholders and directors will not only reflect on the past year's achievements and challenges but also set the financial and strategic course for the near future.