Hafiz Limited reports resolutions passed at its 75th AGM
AGM / EGMHafiz Limited submitted a certified copy of resolutions passed at its 75th Annual General Meeting held on October 22, 2026. Members adopted the audited accounts for the year ended June 30, 2026, approved a cash dividend of Rs. 3 per share (30%), reappointed the auditor, and approved revised monthly remuneration for two executive directors.
Key Findings
- The 75th AGM was held on October 22, 2026, at the registered office in Karachi.
- Members adopted the audited financial statements and directors’ and auditors’ reports for the year ended June 30, 2026.
- A cash dividend of 30% (Rs. 3 per share) was approved for shareholders of record at close of business on October 14, 2026.
- Mazars M.F. & Co. was reappointed as auditor for the year ending June 30, 2027, with no change in remuneration.
- Monthly remuneration effective July 1, 2026, was approved at Rs. 200,000 for CEO/Executive Director Fakhruddin Usmani and Rs. 175,000 for Executive Director Quamruddin Usmani.
Meeting Details
Meeting
Annual general meeting
Date
22/10/2026, 2:30 PM
Venue
Registered Office, 97, Moolji Street, 2nd Floor, Alliance Building, M.W. Tower, Karachi
Record date
14/10/2026
Meeting Details
Agenda
- Confirm minutes of the 74th Annual General Meeting held on October 23, 2025.
- Receive, consider and adopt audited accounts for the year ended June 30, 2026, with directors’ and auditors’ reports.
- Approve payment of a 30% cash dividend (Rs. 3 per share).
- Appoint auditors for the year ending June 30, 2027, and fix their remuneration.
- Approve and increase directors’ remuneration.
- Transact any other business with the permission of the Chair.
Resolutions
- The minutes of the 74th AGM dated October 23, 2025, were approved and adopted.
- The audited financial statements for the year ended June 30, 2026, together with the directors’ and auditors’ reports, were approved, received and adopted.
- Payment of a cash dividend of 30% (Rs. 3 per share) for the year ended June 30, 2026, to shareholders as of October 14, 2026, was approved.
- Mazars M.F. & Co. was reappointed as auditor for the year ending June 30, 2027, with no change in remuneration.
- Monthly remuneration effective July 1, 2026, was approved at Rs. 200,000 for Fakhruddin Usmani, CEO/Executive Director, and Rs. 175,000 for Quamruddin Usmani, Executive Director.
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