FCLFast Cables LtdView FCL share price and chartMixed Signal
Oct 22, 2026, 12:07 PM
Fast Cables shareholders approve 15% final dividend and consider major related-party transactions
AGM / EGMFast Cables Limited’s 18th AGM, held on October 22, 2026, approved the annual audited financial statements for the year ended June 30, 2026, a final cash dividend of 15% (Rs. 1.50 per share), and appointment of auditors. Members also ratified related-party transactions and considered special resolutions concerning a proposed sale of the company’s Lahore building for at least PKR 300 million and the use of surplus IPO proceeds toward working capital.
Key Findings
- The AGM was held on October 22, 2026, at Itama Chowk, Sundar Link Road, Raiwind, Lahore.
- A final cash dividend of 15%, equal to Rs. 1.50 per share, was approved for the year ended June 30, 2026.
- The audited financial statements for the year ended June 30, 2026, were adopted.
- Crowe Hussain Chaudhary and Company was appointed auditor for the year ending June 30, 2027.
- Related-party transactions conducted during the year ended June 30, 2026, were ratified; members also approved advance authorization for related-party transactions through the next AGM, subject to subsequent ratification and confirmation at that meeting as described in the resolutions.
Meeting Details
Meeting
Annual general meeting
Date
Oct 22, 2026, 12:00 AM
Venue
Itama Chowk, Sundar Link Road, Raiwind, Lahore
Meeting Details
Agenda
- Confirmation of minutes of the 17th AGM held October 27, 2025
- Adoption of audited financial statements for the year ended June 30, 2026
- Approval of final cash dividend
- Appointment of auditors and fixation of remuneration
- Ratification and advance approval of related-party transactions
- Special resolution regarding sale of the company’s building on leasehold land at 7-Canal Main, Jallo Road, Lahore, to a related party for aggregate consideration of not less than PKR 300 million, subject to the stated terms and conditions
Resolutions
- Confirmed minutes of the 17th AGM held October 27, 2025.
- Adopted the annual audited financial statements for the year ended June 30, 2026.
- Approved a final cash dividend of 15% (Rs. 1.50 per share) for the year ended June 30, 2026.
- Appointed Crowe Hussain Chaudhary and Company as auditors until the conclusion of the next AGM and authorized negotiation of their remuneration.
- Ratified related-party transactions conducted during the year ended June 30, 2026, and authorized transactions for the year ending June 30, 2027, subject to subsequent member ratification and confirmation at the next AGM.
- Approved a special resolution for the proposed sale of the company’s Lahore building to a related party for aggregate consideration of not less than PKR 300 million, on the stated terms and conditions.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.