Suraj Cotton Mills shareholders approve Rs. 10 per-share cash dividend and investment in Premier Insurance
AGM / EGMSuraj Cotton Mills Limited reported resolutions adopted at its October 22, 2026 AGM. Shareholders approved the audited financial statements for the year ended June 30, 2026, a final cash dividend of Rs. 10 per share, and reappointment of Riaz Ahmad & Co. as auditors. They also authorized an investment of up to Rs. 50 million in ordinary shares of Premier Insurance Limited, including subscription and acquisition of any unsubscribed right shares.
Key Findings
- The 42nd Annual General Meeting was held on October 22, 2026 at 10:00 AM a.m. at the company's registered office in Lahore.
- A final cash dividend of Rs. 10 per share (100%) for the year ended June 30, 2026 was approved; eligible members were those on the register at close of business on October 14, 2026.
- Riaz Ahmad & Co., Chartered Accountants, was reappointed as auditor for the next term, through the next AGM for the year ending June 30, 2027.
- Members approved an equity investment of up to Rs. 50 million in Premier Insurance Limited at Rs. 10 per share, including subscribing for available rights shares and acquiring unsubscribed rights shares.
Meeting Details
Meeting
Annual general meeting
Date
22/10/2026, 10:00 AM
Venue
Registered office, Tricon Corporate Center, 8th Floor, 73-E, Main Jail Road, Gulberg 2, Lahore
Record date
14/10/2026
Meeting Details
Agenda
- Receive, consider and adopt the audited financial statements for the year ended June 30, 2026, together with the Directors’ and Auditors’ reports and Chairman’s Review Report.
- Approve final cash dividend of Rs. 10 per share (100%) for the year ended June 30, 2026.
- Appoint auditors and fix their remuneration.
- Approve a special resolution authorizing an investment of up to Rs. 50 million in ordinary shares of Premier Insurance Limited.
Resolutions
- Audited financial statements and related reports for the year ended June 30, 2026 were received, approved and adopted.
- Final cash dividend of Rs. 10 per share was approved and declared payable to members on the register at close of business on October 14, 2026.
- M/s Riaz Ahmad & Co., Chartered Accountants, was reappointed as auditor for the next term through the next AGM for the year ending June 30, 2027; remuneration to be fixed by the CEO.
- A special resolution authorized investment of up to Rs. 50 million in Premier Insurance Limited ordinary shares at Rs. 10 per share, including subscription to rights shares and acquisition of unsubscribed rights shares.
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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.
