Oct 19, 2026, 8:00 AM
Javedan Corporation shareholders approve annual dividend and special resolutions at 64th AGM
AGM / EGMJavedan Corporation Limited submitted certified resolutions adopted at its 64th Annual General Meeting held on October 17, 2026. Shareholders approved the audited financial statements for the year ended June 30, 2026, declared final cash dividends of Rs. 6 per ordinary share and 12% to preference shareholders, and passed resolutions concerning disposal of the wholly owned Sapphire Bay Development Company Limited, related-party transactions, and investments in associated companies and undertakings.
Key Findings
- The 64th AGM was held on October 17, 2026, at Naya Nazimabad Gymkhana, Karachi.
- A final cash dividend of Rs. 6 per ordinary share (60%) and a 12% dividend to preference shareholders was declared for the year ended June 30, 2026.
- The ordinary dividend applies to 380,860,447 eligible ordinary shares, aggregating Rs. 2,285,162,682; the preference dividend is for the period ended June 30, 2026.
- Shareholders approved the proposed sale or other disposal of 100% of wholly owned subsidiary Sapphire Bay Development Company Limited, subject to applicable requirements.
- Resolutions ratified disclosed related-party transactions for FY2026 and authorized case-by-case related-party transactions for FY2027; associated-company investment and financing limits were also approved or renewed.
Meeting Details
Meeting
Annual general meeting
Date
Oct 17, 2026, 5:00 AM
Venue
Naya Nazimabad Gymkhana, Naya Nazimabad, Manghopir Road, Karachi
Meeting Details
Agenda
- Confirmation of minutes of the 63rd AGM held on October 18, 2025
- Adoption of audited unconsolidated and consolidated financial statements for the year ended June 30, 2026
- Approval of final cash dividends for the year ended June 30, 2026
- Appointment of auditors for the year ending June 30, 2027
- Proposed disposal of 100% shareholding in wholly owned subsidiary Sapphire Bay Development Company Limited
- Ratification of FY2026 related-party transactions and authorization of FY2027 related-party transactions as applicable for shareholder approval
Resolutions
- Confirmed minutes of the 63rd AGM held October 18, 2025.
- Approved and adopted audited unconsolidated and consolidated financial statements for the year ended June 30, 2026.
- Declared a final cash dividend of Rs. 6 per ordinary share (60%) and a 12% dividend to preference shareholders for the period ended June 30, 2026; ordinary dividend totals Rs. 2,285,162,682 on 380,860,447 shares.
- Appointed Reanda Haroon Zakaria Aamir Salman Rizwan & Co. and Yousuf Adil & Co. as external auditors for the year ending June 30, 2027; remuneration to be fixed by the Board.
- Approved the proposed sale or other disposal of 100% of Sapphire Bay Development Company Limited, subject to applicable laws and conditions, and authorized company officers to finalize and implement it.
- Ratified FY2026 related-party transactions and authorized relevant FY2027 transactions, with shareholder approval or ratification as required by law and regulations.
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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.