Oct 28, 2026, 12:40 PM
Fazal Cloth Mills shareholders approve FY2026 accounts, Rs. 15 per share dividend and auditor reappointment at AGM
AGM / EGMFazal Cloth Mills Limited reported that shareholders at its October 28, 2026 Annual General Meeting approved the audited financial statements for the year ended June 30, 2026, a final cash dividend of Rs. 15 per share (150%), and the reappointment of M/s Sinewing Hameed Chaudhri & Co. as external auditors for FY2027. Shareholders also ratified related-party transactions and authorized the CEO to approve qualifying arm’s-length related-party transactions during FY2027, subject to presentation at the next AGM for formal ratification or approval.
Key Findings
- The AGM was held on October 28, 2026 at 11:30 a.m. at E-110, Khyaban-e-Jinnah, Lahore.
- Audited financial statements for the year ended June 30, 2026, along with the Directors’ and Auditors’ reports and CEO message, were approved.
- A final cash dividend of Rs. 15 per share (150%) for the year ended June 30, 2026 was approved.
- M/s Sinewing Hameed Chaudhri & Co. was reappointed as external auditor for the financial year ending June 30, 2027.
- FY2026 related-party transactions were ratified, and the CEO was authorized to approve arm’s-length related-party transactions during FY2027, with subsequent presentation to shareholders at the next AGM.
Meeting Details
Meeting
Annual general meeting
Date
Oct 28, 2026, 11:30 AM
Venue
E-110, Khyaban-e-Jinnah, Lahore
Meeting Details
Agenda
- Approval of audited financial statements for the year ended June 30, 2026 and accompanying reports and CEO message
- Approval of final cash dividend for the year ended June 30, 2026
- Reappointment of external auditors for the financial year ending June 30, 2027
- Ratification of related-party transactions and authorization of the CEO to approve qualifying arm’s-length related-party transactions during FY2027
Resolutions
- Approved the annual audited financial statements for the year ended June 30, 2026, together with the Directors’ and Auditors’ reports and CEO message.
- Approved a final cash dividend of Rs. 15 per share (150%) for the year ended June 30, 2026.
- Reappointed M/s Sinewing Hameed Chaudhri & Co., Chartered Accountants, as external auditors for the financial year ending June 30, 2027.
- Ratified related-party transactions carried out during the year ended June 30, 2026.
- Authorized the CEO to approve related-party transactions on an arm’s-length basis in the ordinary course of business during FY2027, with such transactions to be presented to shareholders at the next AGM for formal ratification or approval.
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