Karachi: Thatta Cement Company Limited has scheduled its Annual General Meeting (AGM) for November 27, 2026, at 10:30 a.m. The meeting will be held at Beach Luxury Hotel, M. T. Khan Road, Karachi. The agenda includes both ordinary and special business, as outlined in the company's official notice.

The ordinary business will commence with the confirmation of minutes from the previous AGM held on October 07, 2025. Shareholders will also be asked to review and adopt the audited financial statements for the fiscal year ending June 30, 2026. A distinctive feature of this meeting will be the proposal to allocate a cash dividend to minority shareholders, with a 25% dividend (equivalent to Rs. 0.5 per share) recommended. Majority shareholders, including Sky Pak Holding (Private) Limited and others, who collectively own 60.26% of the shares, have agreed to forgo their dividend rights to facilitate reinvestment into strategic initiatives.

The appointment of external auditors for the fiscal year ending June 30, 2027, will also be on the agenda. The current auditors, M/s BDO Ebrahim & Co. Chartered Accountants, are retiring but are eligible and have offered themselves for re-appointment.

Special business will involve resolutions for financial investments in subsidiary companies. The Board seeks approval to provide loans or advances up to Rs 750 million each to Thatta Power (Private) Limited and Minsk Work Tractor & Assembling (Private) Limited, and Rs 500 million to Thatta Automotive (Private) Limited. These funds aim to support financial obligations and working capital needs.

According to information available from the Pakistan Stock Exchange (PSX), these strategic decisions reflect Thatta Cement Company Limited's ongoing commitment to enhancing shareholder value and operational efficiency.

The meeting will conclude with any other business, subject to the Chair's approval.