Lahore: Shezan International Limited has announced the convening of its 63rd Annual General Meeting (AGM) on October 27, 2026, at 11:00 a.m. The meeting will be held at the company's registered office on 56-Bund Road, Lahore, and will also be accessible via a virtual platform, Zoom, as outlined in the official report dated October 6, 2026.
The AGM's agenda includes both ordinary and special business matters. Among the ordinary items, shareholders will confirm the minutes of the Extraordinary General Meeting that took place on June 22, 2026. Additionally, the adoption of the audited financial statements for the fiscal year ending June 30, 2026, will be discussed, alongside the Chairman's Review, Directors' Report, and the Independent Auditors' Report.
A pivotal topic under consideration is the approval of a cash dividend of Rs. 13.50 per share, a 135% return, as recommended by the board for the year ending June 30, 2026. The appointment of external auditors for the financial year 2026-27 and their remuneration will also be addressed.
The meeting will further deliberate on several special business resolutions. This includes ratifying transactions with related parties as disclosed in the financial statements for the year ended June 30, 2026. A special resolution will seek authorization for the board to engage in transactions with related parties for the fiscal year 2026-27, in accordance with the approved policy.
Notably, the AGM will consider an investment proposal by Shezan International Limited to extend a loan of up to PKR 500 million to Shahtaj Sugar Mills Limited (SSML), an associated company. This resolution is contingent upon surplus funds and compliance with Section 199 of the Companies Act, 2017, alongside other legal requirements.
According to information available from the Pakistan Stock Exchange (PSX), Shezan International Limited operates within the designated market category of the food and beverage industry. The resolutions concerning the proposed loan specify that the markup rate will be one percent above the company's average borrowing cost. The investment will be formalized through a written agreement, stipulating terms such as purpose, tenure, repayment schedule, and security arrangements.
The AGM will conclude with the consideration of any other business with the Chair's permission.