Islamabad: Security Investment Bank Limited has announced the convening of its Thirty Fifth Annual General Meeting at Office No.15, 3rd Floor, Al-Rehmat Mall, Sector G-11 Markaz, Islamabad. Scheduled for April 29, 2026, at 10:30 a.m., the meeting will address several issues of importance to shareholders and stakeholders.
The agenda for the meeting includes the confirmation of minutes from the Extraordinary General Meeting held on June 30, 2025. Additionally, the meeting will involve the review and adoption of the audited financial statements for the fiscal year ending December 31, 2025, which will be accompanied by the necessary reports from auditors and directors.
A significant point of discussion will be the appointment of auditors for the upcoming fiscal year ending December 31, 2026. The current auditors, M/s. Muniff Ziauddin & Co. Chartered Accountants, who are eligible for reappointment, have expressed their willingness to continue in their role. The meeting will also decide on their remuneration.
Moreover, the board has recommended the approval of a meeting fee for Non-Executive Directors amounting to Rs. 25,000 per meeting, a matter that will be put forward for shareholder approval.
Shareholders should note that the share transfer books will be closed from April 22, 2026, to April 29, 2026, inclusive. Applications for share transfers must be received by April 21, 2026, to ensure eligibility for participation in the meeting.
According to information available from the Pakistan Stock Exchange (PSX), the meeting’s agenda reflects the bank’s efforts to maintain transparency and ensure active participation from its shareholders. This step is crucial for the bank’s operations within the designated market category.
The notice also outlines procedures for proxy appointments, emphasizing that members attending through proxies must ensure all documentation is submitted at least forty-eight hours before the meeting. CDC account holders must adhere to SECP guidelines to authenticate their identities for participation.
Security Investment Bank Limited reminds its members to update their contact details and submit valid CNIC copies to the Share Registrar to avoid disruptions in dividend payments. The bank reiterates the importance of converting physical shares to book-entry form to comply with Section 72 of the Companies Act.
Additionally, the bank highlights tax implications under Section 150 of the Income Tax Ordinance, urging shareholders to ensure their Active Taxpayer status to benefit from lower withholding tax rates on dividends.
The announcement serves as a timely reminder for shareholders to address any outstanding administrative tasks before the meeting date, ensuring efficient proceedings during the AGM.