Karachi: Shabbir Tiles & Ceramics Limited convened its 48th Annual General Meeting on October 22, 2026, at the Pearl Continental Hotel in Karachi, where shareholders approved routine resolutions and a notable adjustment to director remuneration.

During the meeting, shareholders received and adopted the company's Annual Audited Financial Statements for the fiscal year ending June 30, 2026. The financial documents, including the Chairman's Review Report and the Directors' and Auditors' reports, have been made available on the company's website, complying with the requirements under section 223(7) of the Companies Act, 2017.

The appointment of auditors was also addressed. M/s. A. F. Ferguson & Co., Chartered Accountants, who have served as the company's auditors, were reappointed for the financial year ending June 30, 2027. This decision follows a recommendation from the Board of Directors and reflects the auditors' willingness to continue in their role.

The meeting also addressed a special resolution concerning the remuneration of directors. The Articles of Association of the company were amended to increase the maximum remuneration for directors attending board and committee meetings from Rs. 100,000 to Rs. 200,000 per meeting. Additionally, the Chairman's remuneration for each meeting attended was set at a maximum of Rs. 250,000. The company secretary has been authorized to implement the necessary actions to effect these changes.

According to information available from the Pakistan Stock Exchange (PSX), Shabbir Tiles & Ceramics Limited operates within the designated market category of the stock exchange, which pertains to the construction and materials sector. The AGM concluded without addressing any additional business, and attendees expressed gratitude to the Chairman for his leadership.