Lahore: In a significant development for the Rafhan Maize Products Company Limited, shareholders convened for their 138th Annual General Meeting on April 24, 2026, to approve a series of resolutions. The meeting, held at 4:00 p.m., was led by Mustafa Kamal Zuberi, the company’s secretary, who certified the resolutions passed during the session.
During the meeting, the shareholders confirmed the minutes of the 137th Extraordinary General Meeting held on April 24, 2025. This resolution marked Item 1 on the agenda, ensuring continuity and adherence to the company’s procedural requirements.
One of the highlights of the meeting was the adoption of the audited financial statements for the year ending December 31, 2025. The shareholders approved the Directors’ and Auditors’ Reports, reflecting the company’s financial health and management’s performance over the past fiscal year.
A pivotal resolution approved by the shareholders involved the declaration of dividends. A final dividend of 1,500%, translating to Rs.150 per fully paid ordinary share of Rs.10, amounting to Rs.1.39 billion, was sanctioned. This was in addition to three interim dividends totaling 3,300%, equivalent to Rs.330 per share, amounting to Rs.3.05 billion already disbursed for the year ended December 31, 2025. The dividend distribution will account for shareholders listed in the company’s books as of the meeting date.
According to information available from the Pakistan Stock Exchange (PSX), the financial maneuvers and resolutions passed in this meeting are crucial for stakeholders focused on the company’s fiscal strategies and shareholder returns. These actions reflect the company’s ongoing commitment to maintaining robust financial practices and rewarding its investors.
Furthermore, Messrs KPMG Taseer Hadi & Co., Chartered Accountants, were appointed as the auditors for 2026. The auditors will assume their role with an audit fee of Rs.6.50 million, alongside additional out-of-pocket expenses, including a half-yearly review. This appointment is expected to ensure continued transparency and accuracy in the company’s financial reporting.
The resolutions passed at this year’s Annual General Meeting underscore the company’s strategic priorities, ensuring operational transparency and sustained financial performance in the market.