Karachi, The Hub Power Company Limited has announced that its Board of Directors, in a meeting held on September 12, 2023, at the company's Head Office, has reviewed and approved the annual audited financial statements for the fiscal year ending June 30, 2023. The board has further recommended the following resolutions for approval by the company's members:

1. Final Cash Dividend: Shareholders are proposed to receive a Final Cash Dividend at the rate of Rs. 6.00 per share, which equates to 60% of the share's face value. This dividend is in addition to the Interim dividends already paid at the rate of Rs. 24 per share, totaling 240%, during the financial year.

2. Bonus/Right Shares: No issuance of Bonus or Right Shares has been recommended.

The Annual General Meeting (AGM) of The Hub Power Company Limited is scheduled for October 16, 2023, in Karachi. Shareholders eligible to participate in the AGM are those whose names appear in the register of members on October 9, 2023.

To facilitate this process, the Share Transfer Books of the company will remain closed from October 10, 2023, to October 16, 2023, inclusive of both days. Transfers received in order by the company's Share Registrar, located at "M/s FAMCO Associates (Pvt.) Limited, 8-F, Next to Hotel Faran, Nursery, Block-6, P.E.C.H.S, Shahra-e-Faisal, Karachi," by the close of business (5 pm) on Monday, October 9, 2023, will be considered valid for the purpose of entitlement to the specified dividend and attendance at the Annual General Meeting.

Additionally, The Hub Power Company Limited has committed to transmitting the Annual Report through PUCARS at least 21 days before the AGM, providing shareholders ample time for review and consideration of the company's performance and financials for the fiscal year ending June 30, 2023.