Karachi: Members of United Distributors Pakistan Limited convened for the 44th Annual General Meeting on October 26, 2026, at ICMA Pakistan in Karachi and via video link, to pass significant resolutions addressing both ordinary and special business matters.

The meeting began with the approval of the minutes from the last Extraordinary General Meeting held on July 14, 2026. Following this, the Annual Audited Financial Statements for the fiscal year ending June 30, 2026, along with accompanying reports and compliance statements, were approved by the members.

In the realm of audit and compliance, BDO Ebrahim & Co, Chartered Accountants, were re-appointed as external auditors for the upcoming fiscal year ending June 30, 2027. This decision was made following recommendations from the Board Audit Committee and the Board of Directors.

The meeting also addressed dividend matters, noting that the Board of Directors had not recommended any final cash dividend for the year ended June 30, 2026. However, interim cash dividends totaling Rs. 19.50 per share, representing 195%, had been declared and distributed during the year.

The special business agenda confirmed and ratified transactions conducted in the normal course of business as disclosed in the financial statements. The meeting also empowered the Chief Executive Officer to approve and manage related party transactions until the next annual general meeting.

According to information available from the Pakistan Stock Exchange (PSX), United Distributors Pakistan Limited is categorized under the designated market category, reflecting its business focus and market activities.

The resolutions and decisions taken at the meeting reflect the company's ongoing commitment to maintaining robust governance and compliance standards while positioning itself strategically for future growth.