Oct 23, 2026, 12:20 PM
Nishat Chunian Limited reports resolutions passed at its October 23, 2026 AGM
AGM / EGMThe AGM confirmed prior meeting minutes, approved the audited financial statements for the year ended June 30, 2026, reappointed the auditors for the year ending June 30, 2027, approved a final cash dividend of 30% (Rs. 3 per share) in addition to the 10% interim dividend already paid, and ratified related-party transactions. The Board was authorized to approve related-party transactions on a case-by-case basis for FY2027, subject to subsequent shareholder ratification or approval.
Key Findings
- AGM held on October 23, 2026 at 11:00 a.m. at the company’s registered office in Gulberg II, Lahore.
- Audited separate and consolidated financial statements for the year ended June 30, 2026 were approved and adopted.
- Riaz Ahmad & Co. Chartered Accountants were reappointed as auditors for the year ending June 30, 2027.
- A final cash dividend of 30% (Rs. 3 per share) was approved, bringing the total FY2026 dividend to 40% (Rs. 4 per share) including the 10% interim dividend already paid.
- Related-party transactions disclosed for FY2026 were ratified; the Board was authorized to approve related-party transactions for FY2027, with subsequent shareholder ratification or approval.
Meeting Details
Meeting
Annual general meeting
Date
Oct 23, 2026, 4:00 PM
Venue
Registered Office of the Company, 31-Q, Gulberg II, Lahore
Meeting Details
Agenda
- Confirmation of minutes of the previous Annual General Meeting and Extraordinary General Meeting
- Approval and adoption of audited financial statements for the year ended June 30, 2026
- Reappointment of auditors for the year ending June 30, 2027
- Approval of final cash dividend
- Ratification of related-party transactions and authorization for the Board to approve related-party transactions for FY2027
Resolutions
- Minutes of the Annual General Meeting held October 22, 2025 and Extraordinary General Meeting held June 29, 2026 were confirmed and approved unanimously.
- Audited separate and consolidated financial statements for the year ended June 30, 2026, together with the Chairperson’s Review and Directors’ and Auditors’ reports, were approved and adopted.
- M/s. Riaz Ahmad & Co. Chartered Accountants were reappointed as auditors for the year ending June 30, 2027; the Chief Executive was authorized to negotiate and fix their remuneration.
- Final cash dividend of 30% (Rs. 3 per share) was approved in addition to the interim dividend of 10% (Rs. 1 per share) already paid, making the total dividend 40% (Rs. 4 per share) for FY2026.
- Related-party transactions disclosed for the year ended June 30, 2026 were ratified, approved, and confirmed.
- The Board was authorized to approve related-party transactions on a case-by-case basis for the year ending June 30, 2027; these transactions are to be placed before shareholders at the next AGM for formal ratification or approval.
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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.