Karachi: Shareholders of Shahmurad Sugar Mills Limited convened for the company’s 47th Annual General Meeting on January 28, 2026, where several significant resolutions were unanimously passed. The meeting, held at the company’s registered office, addressed both ordinary and special business as per the agenda.
The shareholders confirmed the minutes of the Extra Ordinary General Meeting held on March 25, 2025. The meeting further saw the unanimous approval of the company’s audited financial statements for the fiscal year ending September 30, 2025. These financial documents were presented along with the accompanying reports from the directors and auditors, marking an important compliance milestone for the company.
In a move that reflects the company’s financial health, the shareholders approved the appointment of M/s. Kreston Hyder Bhimji & Co. Chartered Accountants as the statutory auditors for the 2025-2026 fiscal year. Additionally, a cash dividend of Rs. 6.00 per share, equating to 60%, was approved as the final dividend for the year ended September 30, 2025. This final dividend is in addition to the previously paid interim cash dividend of Rs. 14.00 per share, bringing the total cash dividend for the year to Rs. 20.00 per share, or 200%.
Special business conducted during the meeting included the ratification and approval of related party transactions as disclosed in the audited financial statements for the year ending September 30, 2025. Furthermore, the board was authorized to approve related party transactions for the forthcoming fiscal year, ensuring these transactions are automatically deemed approved by shareholders, pending formal ratification at the next annual meeting.
According to information available from the Pakistan Stock Exchange (PSX), these developments come as part of Shahmurad Sugar Mills Limited’s ongoing commitment to transparency and shareholder engagement, aligning with the compliance requirements set by the exchange.
The resolutions passed during the meeting underscore the company’s strategic initiatives and governance practices, aiming to foster continued growth and shareholder value in the upcoming fiscal period.