IPAK shareholders approve FY2026 financial statements, final dividend, auditor appointment and subsidiary guarantees
AGM / EGMInternational Packaging Films Limited filed the certified resolutions passed at its 11th Annual General Meeting held on October 26, 2026. Shareholders adopted the FY2026 audited financial statements, reappointed A.F. Ferguson & Co. as auditor for FY2027, approved a final cash dividend of Rs. 2.00 per share, and authorized corporate guarantees for subsidiary Petpak Films (Private) Limited up to PKR 15 billion for three years.
Key Findings
- The 11th Annual General Meeting was held on October 26, 2026.
- Shareholders adopted the audited financial statements for the year ended June 30, 2026.
- A.F. Ferguson & Co. was appointed auditor for the year ending June 30, 2027, at a mutually agreed fee.
- A final cash dividend of 20% (Rs. 2.00 per share) for FY2026 was approved, payable to members on the register at book closure.
- The company was authorized to provide guarantees for Petpak Films (Private) Limited, a 51%-owned subsidiary with effective group holding of 61.6%, up to PKR 15 billion during a three-year authorization period.
Meeting Details
Meeting
Annual general meeting
Date
26/10/2026
Meeting Details
Agenda
- Adoption of audited financial statements for the year ended June 30, 2026, with the Auditors’ and Directors’ Reports.
- Appointment of auditors for the year ending June 30, 2027, and determination of their remuneration.
- Approval of a final cash dividend of 20% (Rs. 2.00 per share) for FY2026.
- Special resolution authorizing corporate guarantees for Petpak Films (Private) Limited.
Resolutions
- Adopted the annual audited financial statements for the year ended June 30, 2026, together with the Auditors’ and Directors’ Reports.
- Appointed A.F. Ferguson & Co., Chartered Accountants, as auditors for the financial year ending June 30, 2027, at a mutually agreed remuneration.
- Approved a final cash dividend of Rs. 2.00 per share for the financial year ended June 30, 2026.
- Authorized corporate guarantees in favor of banks or financial institutions for loans and financing facilities obtained by Petpak Films (Private) Limited, up to an aggregate PKR 15,000,000,000, for three years.
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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.
