Karachi: Standard Chartered Bank (Pakistan) Limited has announced the convening of its 20th Annual General Meeting (AGM), scheduled to take place on Friday, March 27, 2026, at 11:30 a.m. The meeting is set to be held at the Institute of Chartered Accountants of Pakistan, Clifton, Karachi, with additional arrangements for participation via video conferencing.
The AGM will address several key agenda items. Among the primary objectives is the presentation and adoption of the bank’s audited accounts for the financial year ending December 31, 2025. Shareholders will also review the Directors’ and Auditors’ Reports, marking another significant occasion for the bank’s stakeholders.
In matters concerning the appointment of statutory auditors, the AGM will deliberate on the reappointment of M/s EY Ford Rhodes, Chartered Accountants. The Board Audit Committee seeks the authority to negotiate and finalize the remuneration of the auditors, pending board approval in a subsequent meeting.
A major item on the agenda is the proposal for a final cash dividend of 30% or Rs. 3 per share for the year ending December 31, 2025. This dividend comes in addition to an interim cash dividend of 35% already disbursed for the same financial year. Shareholders recorded in the register by Tuesday, March 17, 2026, will be eligible for this dividend distribution.
According to information available from the Pakistan Stock Exchange (PSX), the bank’s proposed dividend and other financial maneuvers are consistent with the regulatory requirements and market expectations. The AGM will also provide a platform for discussing any other business that might arise with the permission of the Chair.
The bank has notified that its share transfer books will remain closed from March 18 to March 27, 2026, inclusive of both dates. Share transfers received by the close of business on March 17, 2026, will be considered timely.
Standard Chartered Bank encourages shareholders to utilize the online platform for AGM participation, requiring prior registration at least 24 hours before the event. This initiative facilitates greater inclusivity and ensures that shareholders can engage with the meeting’s proceedings remotely.
In preparation for the AGM, Standard Chartered Bank has reminded shareholders to ensure their information, such as addresses and tax status, is up to date to avoid any complications regarding dividend payments and tax deductions. Participants are also advised about statutory guidelines, including conduct during the AGM and the prohibition of distributing gifts.