Lahore: Stylers International Limited has scheduled its Annual General Meeting (AGM) for October 28, 2024, to be held in Lahore and accessible via video-conferencing. The AGM will focus on pivotal financial decisions, including the adoption of the annual audited financial statements and dividend declarations for the fiscal year ending June 30, 2024.

The agenda for the meeting includes the presentation and adoption of the Company's annual audited financial statements for the year ended June 30, 2024. These documents, accompanied by the Chairman’s Review, Directors’ and Auditors’ Reports, are critical to providing shareholders a transparent view of the company's financial health and operational achievements. According to information available from the Pakistan Stock Exchange (PSX), the financial statements have been made accessible on the company's website for shareholder review ahead of the meeting.

Furthermore, the board will propose the approval of a final cash dividend at the rate of Rs. 0.75 per share, which represents a 7.5% return. This final dividend is in addition to the interim cash dividend of Rs. 1.00 per share (10%) already distributed for the half-year ending December 31, 2023, bringing the total cash distribution for the year to Rs. 1.75 per share, or 17.5%. This move underscores the company's commitment to returning value to its shareholders.

Another significant item on the agenda is the appointment of auditors for the financial year 2024-2025 and the determination of their remuneration. This decision is integral to ensuring the continued integrity and accuracy of financial reporting.

Stylers International Limited's forthcoming AGM is poised to address these key financial and governance issues, reflecting the company's ongoing commitment to sound financial management and shareholder communication.