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ISL AGM / EGM: International Steels Limited shareholders approve 30% final cash dividend and CECL share buyback | Investify

Oct 5, 2026, 2:17 PM

International Steels Limited shareholders approve 30% final cash dividend and CECL share buyback

AGM / EGM

International Steels Limited submitted certified resolutions passed at its 19th Annual General Meeting on October 5, 2026. Shareholders approved a final cash dividend of Rs. 3.00 per share (30%) for the year ended June 30, 2026, and authorized the company to accept Chiniot Engineering & Construction (Private) Limited’s offer to buy back ISL’s 4,845,000 shares in CECL for an aggregate Rs. 350 million, subject to applicable approvals.

Key Findings

The 19th AGM was held on October 5, 2026.
Shareholders approved a final cash dividend of Rs. 3.00 per share (30%) for the year ended June 30, 2026.
Shareholders authorized acceptance of CECL’s offer to buy back ISL’s 4,845,000 ordinary shares in CECL, representing ISL’s entire 17% holding, at Rs. 72.24 per share for Rs. 350 million in aggregate.
The share buyback authorization is subject to applicable laws, regulations, and requisite regulatory approvals.
A.F. Ferguson & Co. was appointed external auditor for the term ending at the conclusion of the 20th AGM, for the year ending June 30, 2027.

Meeting Details

Meeting

Annual general meeting

Date

Oct 5, 2026, 5:00 AM

Meeting Details

Agenda

Confirmation of minutes of the 18th AGM held September 24, 2025
Approval of audited annual financial statements and directors’ and auditors’ reports for the year ended June 30, 2026
Approval of final cash dividend
Appointment of external auditors
Disposal of ISL’s investment in Chiniot Engineering & Construction (Private) Limited

Resolutions

Approved the minutes of the 18th AGM held September 24, 2025.
Approved the audited annual financial statements for the year ended June 30, 2026, and the directors’ and auditors’ reports.
Approved a final cash dividend of Rs. 3.00 (30%) per share for the year ended June 30, 2026.
Appointed A.F. Ferguson & Co. as external auditors for the year ending June 30, 2027, through the conclusion of the 20th AGM.
Authorized acceptance of CECL’s offer to buy back 4,845,000 ordinary shares of CECL held by ISL, at Rs. 72.24 per share for aggregate consideration of Rs. 350,000,000, subject to applicable laws, regulations, and regulatory approvals.

Original PDF

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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 Steels Limited shareholders approve 30% final cash dividend and CECL share buyback

Key Findings

Meeting Details

Meeting Details