Islamabad: In a significant development for the healthcare sector, Shifa International Hospitals Limited held its 40th Annual General Meeting on October 24, 2026, at its registered office in Islamabad. The meeting, attended by shareholders in person, through proxy, and via video-link, resulted in the unanimous approval of several key resolutions.

During the meeting, the minutes from the 39th Annual General Meeting held on October 25, 2025, and the Extraordinary General Meeting on April 1, 2026, were confirmed with the authorization for the Chairman to sign them. This procedural step ensures continuity and transparency in the hospital's governance practices.

The shareholders also approved the company's Annual Audited Accounts, both consolidated and unconsolidated, for the year ended June 30, 2026. The auditors' report and the directors' report to the members were adopted as part of this resolution, underscoring the financial health and accountability of the institution.

A notable decision taken was the approval of a cash dividend of Rs. 5 per share for the year ended June 30, 2026, as recommended by the Board of Directors. This move reflects the company's commitment to delivering value to its shareholders.

Furthermore, M/s BDO Ebrahim & Co., Chartered Accountants, were re-appointed as auditors for the fiscal year ending June 30, 2027. This re-appointment aims to maintain continuity in the auditing process and uphold the financial integrity of the organization.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions align with the regulatory framework and demonstrate Shifa International Hospitals Limited's adherence to corporate governance standards. The resolutions passed during the meeting are set to bolster investor confidence and set a strategic direction for the coming year.