Oct 23, 2026, 12:44 PM
Searle Company reports resolutions passed at its 61st AGM
AGM / EGMSearle Company Limited submitted certified copies of the resolutions adopted at its 61st Annual General Meeting held on October 22, 2026. Resolutions included approval of the audited financial statements for the year ended June 30, 2026, a final cash dividend of PKR 1 per share, appointment of statutory auditors, election of directors, approval of specified director compensation, and authorization of related-party transactions for the year ending June 30, 2027.
Key Findings
- The 61st AGM was held on October 22, 2026, at 4:00 p.m. at Avari Towers, Karachi, including through video link.
- Shareholders approved the audited financial statements for the year ended June 30, 2026.
- A final cash dividend of PKR 1 per share was approved, equivalent to 10% of the PKR 10 face value.
- Seven candidates were elected unopposed as directors for a three-year term.
- The AGM approved specified compensation arrangements for the CEO and one full-time working director, and related-party transaction arrangements through June 30, 2027.
Meeting Details
Meeting
Annual general meeting
Date
Oct 22, 2026, 9:00 PM
Venue
Avari Towers, Karachi; participation also available through video link
Meeting Details
Agenda
- Ordinary business: approval of minutes of the extraordinary general meeting held June 12, 2026; consideration and adoption of audited financial statements for the year ended June 30, 2026; final cash dividend; appointment of statutory auditors; election of directors.
- Special business: approval of specified compensation and benefits for the CEO and one full-time working director; ratification and authorization of related-party transactions.
Resolutions
- Approved the minutes of the extraordinary general meeting held June 12, 2026.
- Adopted the audited financial statements for the year ended June 30, 2026, together with the Directors’ and Auditor’s Reports.
- Approved a final cash dividend of 10%, or PKR 1 per PKR 10 share, for the year ended June 30, 2026.
- Appointed KPMG Taseer Hadi & Co. as statutory auditors for the financial year ending June 30, 2027.
- Elected seven directors unopposed for a three-year term: Arshad Anis, Tahir Ahmed, Munis Abdullah, S. Nadeem Ahmed, Zubair Razzak Palwala, Shaista Khaliq Rehman, and Ameena Saiyid.
- Approved compensation not exceeding approximately PKR 90 million for the CEO and one full-time working director for the year ending June 30, 2027, including allowances and benefits, and approved specified company-maintained transport use for the CEO and Executive Director subject to Board approval of purposes and expenses shared for official and private purposes as stated in the resolution text presented in the filing (page 2). The resolution text states that company-maintained transport is for official and private purposes as approved by the Board.
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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.