Karachi, Wah Nobel Chemicals Limited has officially announced the convening of its 40th Annual General Meeting (AGM) for shareholders. The meeting is scheduled to take place at the company's Registered Office on G.T. Road, Wah Cantt, on Thursday, October 26, 2023, commencing at 11:00 AM. The AGM will address several key items of business, both ordinary and important.

Ordinary Business:

Confirmation of Minutes: The first order of business will be to confirm the minutes of the 39th Annual General Meeting held on October 28, 2022.

Adoption of Financial Statements: Shareholders will receive, consider, and adopt the Audited Financial Statements of Wah Nobel Chemicals Limited for the year ended June 30, 2023. This will include the Chairman's review, Directors' reports, and the Auditors' Reports for the fiscal year.

Approval of Cash Dividend: The AGM will deliberate and vote on the proposal to approve and declare a final cash dividend of Rs 10 per share, equivalent to 100% for the year ended June 30, 2023. This dividend recommendation has been put forth by the company's Board of Directors.

Appointment of Auditors: Shareholders will have the opportunity to appoint auditors for the company for the fiscal year 2023-24 and to establish their remuneration. The proposal for the re-appointment of Messrs. Grant Thornton Anjum Rahman, Chartered Accountants, as auditors of the company, has been presented by the Board of Directors based on the recommendation of the Audit Committee.

The AGM of Wah Nobel Chemicals Limited represents an important forum for shareholders to engage with the company's leadership, discuss its financial performance, and make decisions about key corporate matters. Shareholders and investors are encouraged to participate actively and exercise their voting rights.

The company's commitment to transparency and compliance with corporate governance standards is evident in the orderly conduct of its AGM and its adherence to regulatory requirements.

As the AGM date approaches, shareholders and stakeholders are urged to stay informed and mark their calendars for this significant corporate event.