Engro Powergen Qadirpur Limited Announces Eighteenth Annual General Meeting and Dividend Declaration

Karachi, Engro Powergen Qadirpur Limited has announced that its Eighteenth Annual General Meeting (AGM) will be held on March 27, 2024, at the Karachi School of Business and Leadership, located at National Stadium Road, opposite Liaquat National Hospital, Karachi-74800. The meeting is scheduled to start at 2:30 p.m.

The company has shared that the AGM’s agenda includes the adoption of the Audited Financial Statements for the year ended December 31, 2023, along with the Directors’ and Auditor’s Reports and the Chairman’s Review Report. These documents have been made available on the company’s website for stakeholders to download.

Moreover, a final cash dividend of PKR 1.50 per share, amounting to 15%, has been recommended by the Directors for the year ended December 31, 2023. This dividend is in addition to the interim cash dividends previously declared at PKR 3.50 per share or 35%.

The AGM will also see the appointment of Auditors for the year 2024, with the Board Audit Committee and the Board of Directors recommending the re-appointment of the retiring Auditors, M/s. A. F. Ferguson & Co., and the fixing of their remuneration.

In terms of special business, the company plans to approve the circulation of its Annual Report, including the audited financial statements, auditor’s report, directors’ report, chairman’s review report, and the notice of the shareholders’ meeting, through a weblink and QR enabled code, following Section 223(6) of the Companies Act, 2017, read with S.R.O. 389(I)/2023 dated March 21, 2023.

Members of Engro Powergen Qadirpur Limited are encouraged to participate in the AGM via a video conference facility managed by the company, ensuring broader accessibility and engagement.