Lahore: Shareholders of Baba Farid Sugar Mills Limited (BFSML) convened on January 26, 2026, for the company's 47th Annual General Meeting, held both at the company's registered office in Lahore and via video link. This meeting culminated in the approval of several crucial resolutions.

During the meeting, shareholders confirmed the minutes from the previous year's AGM and adopted the audited financial statements for the fiscal year ending September 30, 2025. They reappointed M/s. BDO Ebrahim & Co. Chartered Accountants as auditors for the 2026 financial year, with remuneration as recommended by the board.

Furthermore, a final cash dividend of Rs. 2.00 per share, equivalent to 20%, was approved for the year ending September 30, 2025. This dividend decision was initially recommended by the board of directors on December 24, 2025.

According to information available from the Pakistan Stock Exchange (PSX), the shareholders ratified transactions conducted with related parties in the normal course of business up to September 30, 2025. Notable transactions included the sale of sugar to Naubahar Bottling Company (Pvt.) Limited amounting to approximately 1.74 billion PKR. Transactions with The Thal Industries Corporation Limited totaled 9.23 million PKR, involving purchases of bio-fertilizer, trichograma, and store items. Almoiz Industries Limited engaged in transactions worth 59.76 million PKR, including the sale of scrap, store items, and bagasse, as well as the purchase of steel items.

The shareholders also authorized the Chief Executive Officer or his nominee to approve future transactions with related parties until the next AGM, empowering them to take necessary actions and execute required documents on behalf of the company. The meeting concluded without any additional business to address.