Karachi: Sardar Chemical Industries Limited has scheduled its 35th Annual General Meeting (AGM) for October 28, 2024, at Swabi, K.P.K. This key corporate event will address several pivotal issues, including the approval of the last fiscal year's audited financial statements and the declaration of a dividend.

The AGM's agenda outlines primary tasks such as confirming the minutes from the previous meeting, held on October 27, 2023, and adopting the audited financial statements for the year ended June 30, 2024. These statements have been made available online in accordance with the Section 223 of the Companies Act, 2017, and S.R.O. 389(I)/2023, enhancing transparency and accessibility for stakeholders.

Another major point of business will be to declare and approve a final cash dividend of 20% (Rs.2/- per share), as recommended by the board of directors. This declaration is particularly significant for shareholders looking for returns on their investment amid the current economic climate.

The decision to distribute a dividend follows a period of substantial financial performance by Sardar Chemical Industries, reflecting its resilience in a challenging market environment. Additionally, the AGM will see the reappointment of the company’s auditors for the upcoming fiscal year and the determination of their remuneration.

This meeting is expected to be a crucial gauge of the company’s current financial health and its strategy for the coming year, attracting significant attention from industry analysts and investors.