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Packages : True Copy of Resolution(s) Passed and Adopted at the Annual General Meeting
Packages : True Copy of Resolution(s) Passed and Adopted at the Annual General
About this update from Packages Limited
[{"type":"text","content":"\n \n SEC/46/PKGS 30 April 2025\n \n \n \n The General Manager\n \n \n Pakistan Stock Exchange Limited Stock Exchange Building\n \n \n Stock Exchange Road Karachi\n \n \n \n Sub: True Copy of Resolution(s) Passed and Adopted at the Annual General Meeting\n ln accordance with Clause 5.6.9(b) of the PSX Rule Book, we are pleased to enclose a certified true copy of the resolution(s) passed and adopted by the shareholders at the Annual General Meeting of Packages Limited held on 30 April 2025 at 10:00 a.m. at Karachi and via Zoom.\n \n \n \n Yours Sincerely,\n \n \n For Packages Limited\n Iqra Sajjad\n \n \n Company Secretary\n \n \n TRUE COPY OF THE RESOLUTIONS PASSED AND ADOPTED AT THE ANNUAL GENERAL MEETING OF PACKAGES LIMITED\n \n \n DATED 30 APRIL 2025\n \n \n To confirm the Minutes of the Last Annual General Meeting held on 29 April 2024\n \n \n \n \"RESOLVED that the Minutes of the Last Annual General Meeting held on 29 April 2024 be and are hereby approved.\"\n \n \n To receive, consider, and adopt the Audited Financial Statements of the Company for the year ended December 31, 2024, together with the Chairman's Review Report and Directors' and Auditors' Reports thereon\n \n \n \n \"RESOLVED that the financial statements for the year ended 31 December 2024, Chairman's Review Report and Directors' and Auditors' Reports thereon be and are hereby approved and adopted.\"\n \n \n To consider and approve payment of cash dividend for the year ended December 31, 2024, as recommended by the Board of Directors\n \n \n to the preference share/convertible stock holder (International Finance Corporation) at the rate of Rs. 19/- (10%) per preference share/convertible stock of Rs. 190 proposed by the Board in terms of and as adjusted under the Subscription Agreement between Packages Limited and International Finance Corporation, totalling Rs. 155,549,998; and\n \n \n to the ordinary shareholders at the rate of Rs. 15.00/- (150%) per ordinary share of Rs. 10 for the year ended 31 December 2024, as recommended by the Directors, be and is hereby approved.\"\n \n \n To appoint Auditors for the year 2025 and to fix their remuneration. The current Auditors, Messrs. A.F. Ferguson & Co., Chartered Accountants, have consented to be appointed as Auditors for the Financial Year 2025, and the Board Audit Committee and the Board of Directors have re...