Shareholders approve FY2026 accounts, Rs. 2.50 final dividend, auditor appointment and related-party resolutions
AGM / EGMProsperity Weaving Mills Limited certified resolutions passed at its Annual General Meeting held on October 28, 2026. Shareholders adopted the audited accounts for the year ended June 30, 2026, approved a final cash dividend of Rs. 2.50 per ordinary share (25%), appointed M/s. Yousuf Adil, Chartered Accountants as auditors for the year ending June 30, 2027, and ratified disclosed related-party transactions while authorizing the Board to approve related-party transactions during FY2027.
Payout
- Final cash dividend Rs 2.50 per share (25%)
Key Findings
- Annual audited accounts and the Chairman's Review, Directors' and Auditors' reports for the year ended June 30, 2026 were approved and adopted.
- A final cash dividend of Rs. 2.50 per ordinary share, equivalent to 25%, was approved for the year ended June 30, 2026.
- M/s. Yousuf Adil, Chartered Accountants, Lahore, were appointed auditors for the year ending June 30, 2027; the CEO was authorized to negotiate and fix their remuneration.
- Related-party transactions disclosed in Note 37 for FY2026 were ratified, approved and confirmed.
- The Board was authorized to approve related-party transactions during FY2027, to be placed before shareholders at the next AGM for formal ratification or approval.
Meeting Details
Meeting
Annual general meeting
Date
28/10/2026
Meeting Details
Agenda
- Adopt audited financial statements and accompanying reports for the year ended June 30, 2026.
- Approve and declare the final cash dividend for FY2026.
- Appoint auditors and fix their remuneration for the year ending June 30, 2027.
- Ratify FY2026 related-party transactions and authorize Board approval of FY2027 related-party transactions.
Resolutions
- Approved and adopted the audited accounts for the year ended June 30, 2026, together with the Chairman's Review, Directors' and Auditors' reports.
- Approved a final cash dividend of Rs. 2.50 per ordinary share (25%) for the year ended June 30, 2026.
- Appointed M/s. Yousuf Adil, Chartered Accountants, Lahore, as auditors for the year ending June 30, 2027, and authorized the CEO to negotiate and fix their remuneration.
- Ratified and confirmed FY2026 related-party transactions disclosed in Note 37 of the financial statements; authorized the Board to approve FY2027 related-party transactions for subsequent shareholder 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.
