Tata Textile Mills shareholders approve resolutions at 40th AGM
AGM / EGMTata Textile Mills Limited submitted certified copies of resolutions passed at its 40th Annual General Meeting held on October 27, 2026. Shareholders approved the audited financial statements for the year ended June 30, 2026, appointed Yusuf Adil as auditor for the year ending June 30, 2027, elected seven directors for a three-year term, approved a final cash dividend of Rs. 5 per share (50%), and ratified and authorized related-party transactions.
Payout
- Final cash dividend Rs 5 per share (50%)
Key Findings
- The 40th AGM was held on October 27, 2026 at 1:30 AM p.m. at the PSX Dr. Shamshad Akhtar Auditorium, Karachi.
- Audited financial statements for the year ended June 30, 2026 were approved and adopted.
- Yusuf Adil, Chartered Accountants, was appointed auditor for the year ending June 30, 2027.
- Seven directors were declared elected for three years commencing October 26, 2026.
- A final cash dividend of Rs. 5 per share (50%) for the year ended June 30, 2026 was approved by shareholders.
Meeting Details
Meeting
Annual general meeting
Date
27/10/2026, 1:30 PM
Venue
PSX, Dr. Shamshad Akhtar Auditorium, Karachi
Meeting Details
Agenda
- Approval of annual financial statements
- Appointment of external auditors
- Election of directors
- Declaration of final dividend
- Approval of transactions with related parties
Resolutions
- Approved and adopted the audited financial statements for the year ended June 30, 2026, together with the Chairman's Review, Directors' Report and Auditor's Report.
- Appointed M/s Yusuf Adil, Chartered Accountants, as auditors for the year ending June 30, 2027.
- Declared seven persons elected as directors for a term of three years commencing October 26, 2026.
- Approved a final cash dividend of Rs. 5.00 per share (50%) for the year ended June 30, 2026.
- Ratified related-party transactions disclosed in Note 38 of the audited financial statements for the year ended June 30, 2026, and authorized the Board to approve related-party transactions during the financial year ending June 30, 2027, subject to placement before shareholders at the next AGM for formal ratification/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.
