Karachi: Supernet Technologies Limited has announced that it will host its 47th Annual General Meeting on Wednesday, October 28, 2025, at 2:00 p.m. The meeting will take place at the Hotel Crown Inn, located at Plot No. 171, Off 21, Sharah-e-Iraq, Saddar, Karachi. The agenda will include a review of both ordinary and special business items.
Shareholders will begin the meeting by reading and confirming the minutes from the 46th Annual General Meeting, which was also held on October 28, 2025. The company will present its Audited Annual Financial Statements for the year ending June 30, 2026, accompanied by the Directors’ and Auditors’ Reports. As mandated by Section 223 of the Companies Act 2017, the Annual Report—including financial statements—will be accessible to shareholders online and via a QR code for ease of access.
A key item on the agenda is the approval of a final cash dividend. The Board of Directors has recommended a dividend of Rs. 0.25 per share, equivalent to a 2.5% payout for the fiscal year ending June 30, 2026. This falls under the 'Minor move' classification.
Furthermore, shareholders will appoint statutory auditors for the upcoming fiscal year ending June 30, 2027. The current auditors, M/s Parker Russel - A.J.S, Chartered Accountants, are eligible for re-appointment and have expressed their willingness to continue, pending mutual agreement on fees and reimbursement of out-of-pocket expenses.
On the special business agenda, a resolution will be considered to relocate the company's registered office from the Province of Sindh to Islamabad Capital Territory. This move requires confirmation from the Securities and Exchange Commission of Pakistan under Sections 21 and 32 of the Companies Act, 2017. According to information available from the Pakistan Stock Exchange (PSX), this shift will involve amending the company's Memorandum and Articles of Association to reflect the new address: 75-East, Blue Area, Fazal-e-Haq Road, Islamabad.
Shareholders and interested parties will be keeping a close eye on these proceedings, which mark significant organizational and operational decisions for Supernet Technologies Limited in the coming year.