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INIL AGM / EGM: International Industries shareholders approve 50% final dividend and PKR 350 million buy-back of CECL investment | Investify

Oct 7, 2026, 1:50 PM

International Industries shareholders approve 50% final dividend and PKR 350 million buy-back of CECL investment

AGM / EGM

International Industries Limited certified resolutions passed at its 78th Annual General Meeting on October 7, 2026. Shareholders approved the audited financial statements for the year ended June 30, 2026, a final cash dividend of PKR 5.00 per share (50%), appointment of A.F. Ferguson & Co. as auditors, and approval for director Zain K. Chinoy to hold an office of profit. They also authorized the company to accept CECL’s offer to buy back International Industries’ 4,845,000 ordinary shares in CECL, representing its entire 17% holding, for PKR 350 million, subject to applicable approvals.

Key Findings

The 78th AGM was held on October 7, 2026.
A final cash dividend of PKR 5.00 per share, stated as 50%, was approved for the year ended June 30, 2026.
The company was authorized to sell its entire 17% investment in Chinoy Engineering & Construction (Private) Limited, comprising 4,845,000 ordinary shares, for aggregate consideration of PKR 350 million.
A.F. Ferguson & Co. was appointed as external auditor for the year ending June 30, 2027.
Approval was granted for elected director Zain K. Chinoy to hold an office of profit as Executive Director and receive compensation under his service contract.

Meeting Details

Meeting

Annual general meeting

Date

Oct 7, 2026, 5:00 AM

Meeting Details

Agenda

Approval and adoption of the audited unconsolidated and consolidated financial statements for the year ended June 30, 2026, together with the directors’ and auditors’ reports.
Approval of a final cash dividend of PKR 5.00 (50%) per share for the year ended June 30, 2026.
Appointment of A.F. Ferguson & Co. as external auditors for the year ending June 30, 2027.
Approval for director Zain K. Chinoy to hold an office of profit as Executive Director.
Authorization to accept CECL’s offer to buy back the company’s 4,845,000 ordinary shares in CECL.

Resolutions

Audited unconsolidated and consolidated financial statements and accompanying reports approved and adopted.
Final cash dividend of PKR 5.00 (50%) per share approved.
A.F. Ferguson & Co. appointed as external auditors for the year ending June 30, 2027.
Zain K. Chinoy approved to hold an office of profit as Executive Director and receive compensation in accordance with his service contract and company rules.
Company authorized, subject to applicable laws and regulatory approvals, to accept CECL’s offer to buy back 4,845,000 ordinary shares held by International Industries, representing its entire 17% shareholding, for PKR 72.24 per share and PKR 350,000,000 in aggregate.

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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.

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International Industries shareholders approve 50% final dividend and PKR 350 million buy-back of CECL investment

Key Findings

Meeting Details

Meeting Details

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