Karachi: Thal Limited, a prominent entity in the industrial sector, held its 60th Annual General Meeting on October 22, 2026. During the meeting, several critical resolutions were passed, reflecting the company's financial and operational decisions for the preceding fiscal year.
In a significant development, the members of Thal Limited approved the audited financial statements for the year ending on June 30, 2026. The approval encompassed both unconsolidated and consolidated financial statements alongside the auditors' reports, the Chairman's review, and the Directors' report. This formal acceptance was noted as a pivotal point in the meeting, underscoring the company's commitment to transparency and accountability.
Additionally, Thal Limited declared a final cash dividend of Rs. 15.00 per share, equivalent to 300%, for the fiscal year ending June 30, 2026. This final dividend supplements an interim cash dividend of Rs. 15.00 per share, also representing 300%, which was distributed earlier in the year. The approval of these dividends reflects the company's robust financial health and its ongoing dedication to rewarding its shareholders.
The meeting further resolved the reappointment of the external auditors, M/s. A.F. Ferguson & Co. The auditors, who are set to continue their tenure until the next annual meeting, were appointed at a remuneration of Rs. 7.93 million, exclusive of any out-of-pocket expenses incurred during the auditing process.
According to information available from the Pakistan Stock Exchange (PSX), these resolutions signify a strong financial standing and strategic foresight by Thal Limited, as it continues to consolidate its position in the market. The company's proactive approach in managing its financial obligations and stakeholder expectations was evident in the smooth conduct of the meeting.
The meeting was attended by key stakeholders and was convened by Sameer Amlani, the Company Secretary, who certified the authenticity of the resolutions passed. The decisions taken during this annual gathering are expected to influence Thal Limited's operations and market perception in the coming year.