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Karachi, K-Electric Limited, one of Pakistan’s leading power utility companies, held a meeting of its Board of Directors on September 15, 2023, in Karachi, where several recommendations were discussed.
No Dividends, Bonus Shares, or Right Shares
The Board of Directors has recommended that no cash dividends, bonus shares, or right shares be issued for the fiscal year ending June 30, 2023. This decision means that shareholders will not receive additional financial entitlements in the form of dividends or shares.
Annual General Meeting
The company’s Annual General Meeting (AGM) is scheduled for October 26, 2023, in Karachi. During this meeting, the company will provide a comprehensive update on its financial performance, strategic initiatives, and future plans to shareholders.
Key Dates for Shareholders
To be eligible for any entitlements, shareholders must have their names listed in the Register of Members by October 19, 2023. The Share Transfer Books will be closed from October 20, 2023, to October 26, 2023, inclusive.
Access to Annual Report
K-Electric Limited is committed to transparency and will transmit its Annual Report through PUCARS at least 21 days before the AGM. Additionally, the report will be available on the company’s official website, www.ke.com.pk.
This decision reflects the company’s strategic priorities for the fiscal year and its commitment to its shareholders. Shareholders can look forward to the AGM for insights into the company’s future endeavors.
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