Karachi: The Thatta Cement Company Limited has released details for its upcoming Annual General Meeting (AGM), scheduled to occur on November 27, 2026, at Beach Luxury Hotel, M. T. Khan Road, Karachi. The designated market category for this event is the Pakistan Stock Exchange (PSX).
In its announcement, the company outlined several notable agenda items to be addressed during the AGM. Among the ordinary business matters, shareholders will confirm the minutes of the previous AGM held on October 7, 2025. A significant focus will be the consideration and approval of a final cash dividend for the fiscal year ending June 30, 2026. The proposal includes a 25% cash dividend, equivalent to Rs. 0.5 per share, specifically for minority shareholders, diverging from the majority stakeholders' usual benefits. This strategic decision, already consented to by the majority shareholders, allows the company to reinvest in high-impact projects, thereby enhancing future growth prospects.
Another key item on the agenda is the appointment of external auditors for the financial year ending June 30, 2027. The current auditors, M/s BDO Ebrahim & Co. Chartered Accountants, have expressed their readiness for re-appointment, subject to shareholder approval.
In the realm of special business, the meeting will consider passing resolutions to provide substantial financial support to its subsidiary companies. The company seeks to extend a maximum of Rs 750 million to both Thatta Power (Private) Limited and Minsk Work Tractor & Assembling (Private) Limited, along with Rs 500 million to Thatta Automotive (Private) Limited. These loans and advances aim to meet the subsidiaries' financial obligations and support their working capital needs.
According to information available from the Pakistan Stock Exchange (PSX), such financial strategies are critical for maintaining operational stability and enabling future growth within the company's diverse business portfolio.
The AGM will also address any additional business matters as permitted by the Chair, ensuring the comprehensive management and strategic direction of the company moving forward.