Sapphire Textile Mills shareholders approve resolutions at 58th AGM
AGM / EGMSapphire Textile Mills Limited filed certified copies of resolutions passed at its 58th Annual General Meeting held on October 28, 2026. Shareholders approved the audited financial statements for the year ended June 30, 2026, a final cash dividend of 100% (Rs. 10 per share) in addition to the interim cash dividend of 100% (Rs. 10 per share), auditor appointment for the year ending June 30, 2027, and related-party transaction resolutions.
Payout
- Final cash dividend Rs 10 per share (100%)
Key Findings
- The 58th AGM was held on October 28, 2026 at 4:00 PM at Theatre Hall “A,” IBA City Campus, Karachi, with video conferencing also available.
- Shareholders approved and adopted the audited and consolidated audited financial statements for the year ended June 30, 2026.
- A final cash dividend of 100% (Rs. 10 per share) was approved for the year ended June 30, 2026, in addition to the interim cash dividend of 100% (Rs. 10 per share) already paid.
- Shinewing Hameed Chaudhri & Co. was appointed as auditor for the year ending June 30, 2027; remuneration is to be fixed by the Chief Executive.
- Related-party transactions disclosed for the year ended June 30, 2026 were ratified, and the Board was authorized to approve related-party transactions during the year ending June 30, 2027, subject to shareholder ratification at the next AGM.
Meeting Details
Meeting
Annual general meeting
Date
28/10/2026, 4:00 PM
Venue
Theatre Hall “A,” IBA City Campus, Karachi; video conferencing also available
Meeting Details
Agenda
- Confirm minutes of the Extraordinary General Meeting held on June 15, 2026.
- Receive, consider and adopt audited financial statements for the year ended June 30, 2026, together with the Chairman’s, Directors’ and Auditors’ reports.
- Approve the final dividend for the year ended June 30, 2026.
- Appoint auditors for the year ending June 30, 2027 and fix their remuneration.
- Approve and ratify related-party transactions.
Resolutions
- Confirmed the minutes of the Extraordinary General Meeting held on June 15, 2026.
- Approved and adopted the audited and consolidated audited financial statements for the year ended June 30, 2026, with accompanying reports.
- Approved a final cash dividend of 100% (Rs. 10 per share), in addition to the interim cash dividend of 100% (Rs. 10 per share) already paid.
- Appointed Shinewing Hameed Chaudhri & Co., Chartered Accountants, as auditor for the year ending June 30, 2027, with remuneration to be fixed by the Chief Executive.
- Ratified related-party transactions conducted during the year ended June 30, 2026 and authorized the Board to approve related-party transactions during the year ending June 30, 2027, with subsequent formal shareholder ratification at the next AGM.
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