Lahore: Zarea Limited has announced the convening of its 5th Annual General Meeting (AGM), scheduled to take place on October 27, 2025, at the Varioline, Le Grand Hall, Garrison Golf and Country Club in Lahore Cantt. The meeting will commence at 09:00 AM and is set to address both ordinary and special business matters.
The ordinary business agenda includes confirming the minutes from the Extraordinary General Meeting held earlier this year on January 18, 2025. Shareholders will also review and adopt the audited separate and consolidated financial statements for the fiscal year ended June 30, 2025, along with Directors’, Auditors’ Reports, and the Chairman’s Review. A significant item on the agenda is the approval of a final dividend payment of Re. 1 per share, equating to 100% for the financial year ended June 30, 2025.
Additionally, the appointment and remuneration of auditors for the fiscal year ending June 30, 2026, will be considered. The special business segment includes a proposal to authorize the company to circulate its annual report via QR enabled code and weblink, in alignment with the Securities and Exchange Commission of Pakistan’s directive dated March 21, 2023.
According to information available from the Pakistan Stock Exchange (PSX), the company will be closing its Share Transfer Books from October 21 to October 27, 2025. Transfers received by October 20, 2025, will be eligible for consideration in attending the AGM and entitlements.
The meeting will also explore the provision of video conferencing facilities for shareholders residing outside Lahore who hold a minimum of 10% of the company’s paid-up share capital. Moreover, shareholders will have the opportunity to participate in e-voting and postal ballot for special business resolutions, as stipulated by the Securities and Exchange Commission of Pakistan.
Zarea Limited has informed stakeholders that all dividend payments must be processed electronically, with shareholders required to submit their bank account details for direct transfers. Withholding tax on dividends will be applied according to the shareholder’s status on the Active Taxpayer List as per the Federal Board of Revenue’s records.
Other procedural elements detailed in the meeting notice include guidelines for proxy appointments, video conference participation, and the submission of Zakat Declaration Forms. The company has also highlighted that no gifts will be distributed at the meeting, adhering to directives from regulatory authorities.
The company’s annual report for the year ended June 30, 2025, is available on its official website, with hard copies provided upon request.