Fazal Cloth Mills Limited held its Annual General Meeting (AGM) on October 28, 2026, where several key resolutions were passed by the shareholders.
- AGM held on October 28, 2026, at 11:30 a.m.
- Venue: E-110, Khyaban-e-Jinnah, Lahore.
- Approved the Annual Audited Financial Statements for the year ended June 30, 2026.
- Final cash dividend of PKR 15 per share (150%) approved for the year ended June 30, 2026.
- Reappointment of M/s Sinewing Hameed Chaudhri & Co. as external auditors for the financial year ending June 30, 2027.
- Ratified related party transactions for the year ended June 30, 2026.
- Authorized the CEO to approve future related party transactions at arm's length during the financial year ending June 30, 2027.
- Related party transactions to be presented for formal ratification at the next AGM.