Karachi: Shareholders of Shabbir Tiles and Ceramics Limited convened at the company's Annual General Meeting on October 24, 2024, where they passed key resolutions for the year ending June 30, 2024. The meeting, held in Karachi, resulted in the adoption of the company's annual accounts and the approval of a cash dividend.

The shareholders unanimously approved the adoption of the annual audited accounts for the year ended June 30, 2024. The accounts were presented alongside the Chairman's review, Director's report, and Auditors' report. The motion for approval was seconded by Mr. Muhammad Hanif and Mr. Muhammad Farooq, both shareholders with designated CDC Folio numbers, signaling their agreement with the Chairman's statement.

In addition, the shareholders also approved a cash dividend of Rs. 0.75 per share, representing a 15% payout. The proposal for the cash dividend, recommended by the Board of Directors, was seconded by Mr. Ayaz and Mr. Irshad, both holding respective CDC Folio numbers.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions reflect the company's commitment to maintaining shareholder value and ensuring financial transparency. The unanimous approval of the resolutions underscores the shareholders' confidence in the company's financial health and strategic direction.