Karachi: Shabbir Tiles and Ceramics Limited is set to hold its 46th Annual General Meeting (AGM) on October 24, 2024, at the Institute of Chartered Accountants of Pakistan in Karachi. The key agenda items include the adoption of financial statements for the year ended June 30, 2024, the approval of a cash dividend, and the appointment of auditors for the upcoming fiscal year.

The company announced that the AGM will address several critical points, starting with the adoption of the annual audited financial statements, as highlighted in the Chairman's Review Report, Directors' Report, and Auditors' Report. These documents have been made available on the company's website for shareholder review.

In financial matters, a notable resolution to be tabled at the meeting is the approval of a final cash dividend of Rs. 0.75 per share, which translates to a 15% dividend for the fiscal year 2023-24, as recommended by the Board of Directors. According to information available from the Pakistan Stock Exchange (PSX), this proposal marks a consistent return to shareholders amidst the financial planning for the coming year.

Furthermore, the shareholders will vote on the reappointment of the current auditors, M/s A.F. Ferguson and Co., for the fiscal year ending June 30, 2025. The auditors have expressed their willingness to continue in their role, pending approval from the shareholders at the AGM.

The meeting is also set to transact other ordinary business under the authorization of the company's Chairman, ensuring that all regulatory and statutory requirements are adhered to for the continued operation of the company.