Millat Tractors Limited held its 63rd Annual General Meeting (AGM) on October 27, 2026, where several key resolutions were passed.
- The AGM confirmed the minutes of the previous Extra Ordinary General Meeting held on June 5, 2026.
- Audited financial statements for the year ended June 30, 2026, were approved, along with the Chairman’s Review and Directors’ Reports.
- A final cash dividend of PKR 11.00 per share (220%) was approved, adding to the previously paid interim dividend of PKR 10.00 per share (200%), totaling PKR 21.00 per share (420%).
- M/s. A.F. Ferguson, Chartered Accountants, were appointed as auditors for the year ending June 30, 2027, with a total remuneration of PKR 7,507,500.
- Transactions with subsidiary/associated companies for the year ended June 30, 2026, were ratified and approved.
- The Chief Executive was authorized to approve transactions with subsidiary/associated companies for the year ending June 30, 2027, subject to shareholder ratification in the next AGM.
- No book closure dates for voting entitlement were mentioned.