Meezan Bank
The Premier Jslamic Bank
Best Bank 2018, 2020, 2023 & 2024
Pakistan Banking Awards
FORM-4
March 5, 2026 MEBL/CS/PSX-21/022/2026
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
NOTICE OF 30th ANNUAL GENERAL MEETING - MEEZAN BANK LIMITED
Dear Sir,
t"',
This is to announce that the Meezan Bank intends to hold its 30th Annual General Meeting for the year ended December 31, 2025 to be held on Friday, March 27, 2026 at 10:00 a.m. at Meezan House C-25, Estate Avenue, SITE, Karachi, Pakistan.
The Shares Transfer Books of the Bank will be closed from March 17, 2026 to March 27, 2026 (both days inclusive).
Please note that transfers received at our Shares Registrar, Mis. THK Associates (Pvt.) Ltd., Plot No. 32-C, Jami Commercial Street 2, D.H.A Phase VII, Karachi, 75500, Pakistan at the close of business on March 16, 2026 will be treated in time for the purpose of above entitlement to the transferees.
Furthermore, the notice of 30th AGM of Meezan Bank is published nationwide today i.e. Thursday, March 5, 2026 in two newspapers namely "Business Recorder" and "Daily Express" in English and Urdu languages respectively. Copies of the same are enclosed herewith. The said notice also contains the statement of material facts under section 134(3) of the Companies Act, 2017.
You may inform the TRE Certificate Holders of the Exchange accordingly. This is for your information and record.
Yours Sincerely,
Encls: As above.
Meezan Bank Ltd.
Head Office : Meezan House, C-25, Estate Avenue, SITE, Karachi - Pakistan.
PABX: (92-21) 38103500 UAN: 111-331-331 & 111-331-332 www.meezanbank.com
Published nationwide in newspaper namely "Business Recorder" Today i.e. Thursday, March 5, 2026
Notice of 30th Annual General Meeting
Notice is hereby given that the 30th Annual General Meeting of the Members of Meezan Bank Limited (the "Bank") will be held Insha-Allah on Friday, March 27, 2026 at 10:00 a.m. at Meezan House C-25, Estate Avenue, SITE, Karachi, Pakistan, (physical and virtual meeting) to transact the following business:
ORDlNARY BUSlNESSES
To confirm the minutes of the 29th Annual General Meeting held on March 27, 2025.
To receive, consider and adopt the Annual Audited Accounts of the Bank, Audited Consolidated Accounts for the year ended December 31, 2025, together with the Auditors' Report, Directors' Report and Chairman's Review Report thereon.
In accordance with Section 223 of the Companies Act, 2017 and pursuant to the S.R.O. 389(I)2023 dated March 21, 2023, the financial statements of the Bank can be accessed through the followingweblink and QR enabled code.
https://www.meezanbank.com/financial-information/#Financial-Report
To appoint auditors of the Bank for the year ending December 31, 2026 and to fix their remuneration. The present auditors, M/s. A. F. Ferguson & Co., Chartered Accountants, retire and being eligible, offer themselves for reappointment.
To consider and, if thought fit, approve as recommended by the Board of Directors, final cash Dividend at the rate of Rs. 7/- per share i.e. 70% in addition to Rs. 21/- per share i.e. 210% interim cash Dividend already declared / paid or the year December 31, 2025.
SPECIAL BUSINESS
To consider and, if thought fit, approve the Directors' Remuneration Policy of the Bank and to pass the following resolution as an ordinary resolution:
"RESOLVED THAT pursuant to the revised limits notified by the State Bank of Pakistan, the shareholders hereby approve the maximum ceiling for fee payable to Directors for attending meetings of the Board of Directors and its Committees at up to Rs. 1,200,000/- per meeting, with the Chairman being entitled to receive up to 20% higher.
FURTHER RESOLVED THAT the Board of Directors be and is hereby authorized to determine, fix, revise, and approve from time to time the actual fee amounts payable for attendance at meetings of the Board and its Committees, within the aforesaid approved ceiling, without requiring any further approval of the shareholders, subject always to compliance with applicable laws and regulatory requirements.
FURTHER RESOLVED THAT the fee amounts currently payable shall continue to remainin effect unless and until revised by the Board pursuant to the authority hereby granted."
To transact any other business with the permission of the Chair.
Statements under section 134(3) of the Companies Act, 2017 pertaining to special business is being provided along with the notice of AGM being sent to the shareholders.
By Order of the Board
Karachi Muhammad Sohail Khan
February 9, 2026 Company Secretary
Notes:
Closure Of Share Transfer Books
The Members' Register will remain closed from March 17, 2026 to March 27, 2026 (both days inclusive). Transfer received at the Share Registrar office, by the close of business on March 16, 2026 will be treated in time for the purpose of entitlement to receive the 70% cash dividend and attend, vote and speak in the 30th Annual General Meeting.
Prohibition Regarding Distribution of Gifts
In Compliance with Section 185 of Companies Act, 2017 and SECP directives vide S.R.O. 452(I)/2025 dated March 17, 2025, No Gifts, Cash, Coupons / Vouchers or any other Form of Gift will be distributed at the 30th Annual General Meeting.
Requirements to attend the AGM through Video-Link
As per SECP circular 4 of 2021 dated February 15, 2021, the Bank is providing a video link facility for participation in the AGM. This facility is in addition to holding a physical AGM at a designated venue. Members or their proxy holders who wish to attend the AGM through the Video-Link are required to register themselves by providing the following information, along with a valid CNIC/Passport (both sides) copy, board resolution, or power of attorney as applicable, via email at agm@meezanbank.com, by the close of business hours (05:00 PM) on Tuesday, March 24, 2026.
Name of
Shareholders/Proxy
CNlC /
Passport No.
Folio No./CDC Participant lD No.
Cell No.
Email Address
Link to video connectivity will be sent to the shareholders on their e-mail addresses after necessary verification from the records.
Shareholders will be able to log in and participate in the Annual General Meeting proceedings through their smartphones or computer devices.
The login facility will be available from 09:50 a.m. till the end of the Annual General Meeting on March 27, 2026, enabling the participants to join the proceedings which will start at 10:00 a.m. sharp, Insha-Allah.
In addition to the above, Shareholders can also give their suggestions/comments on the proposed agenda of the Annual General Meeting by e-mailing at the designated e-mail address agm@meezanbank.com
Copies of the minutes of the 29th Annual General Meeting held on March 27, 2025, of Meezan Bank Limited, are available for inspection by Members as required under Section 152 of the Companies Act, 2017.
GUIDELINES FOR CENTRAL DEPOSITORY COMPANY OF PAKISTAN LIMITED (CDC) INVESTOR ACCOUNT HOLDERS:
CDC Investor Account Holders will further have to follow the under-mentioned guidelines as laid down in Circular No. 1 dated January 26, 2000, issued by the Securities and Exchange Commission of Pakistan (SECP).
For attending the General Meeting
A member entitled to attend the Annual General Meeting may appoint any other person as his/her proxy to attend the meeting through video-link.
In case of individuals, the account holder or sub-accountholder and/or the person whose securities are in group account and their registration details are uploaded as per the Regulations, shall authenticate his identity by showing his original Computerized National Identity Card (CNIC) or original passport at the time of attending the Annual General Meeting.
In case of a corporate entity, the Board of Directors' resolution/power of attorney with specimen signature of the nominee shall be produced (unless it has been provided earlier) at the time of the Annual General Meeting.
Video Conference Facility for Attending General Meetings
If the Bank receives consent from members holding in aggregate 10% or more shareholding residing at a geographical location, to participate in the meeting through video conference at least 07 days prior to the date of the Annual General Meeting, the Bank will arrange a video conference facility in that city subject to availability of such facility in that city.
To avail this facility, a request to be submitted to the registered address of the Bank 07 days before holding of the Annual General Meeting.
Postal Ballot / E-Voting Facility
Members may exercise their right to vote by means of postal ballot i.e. by post or through electronic mode subject to the requirements of section 143 and 144 of the Companies Act, 2017.
Pursuant to Companies (Postal Ballot) Regulations, 2018, for the purposes of Special Business members will be allowed to exercise their right to vote through postal ballot /electronic mode in accordance with the requirement and procedures contained in the aforesaid Regulations. The schedule and procedure of postal ballot/electronic voting shall be placed on Meezan Bank's which may access by following link seven (7) days before the meeting.
https://www.meezanbank.com/investor-relations/#doc
Availability Of Annual Accounts On Bank's Website
As required under Section 223 (7) of the Companies Act 2017, audited Financial Statements of the Bank have been uploaded on website of the Bank which can be downloaded from the Bank's website: https://www.meezanbank.com.
Furthermore, in accordance to the S.R.O. 389(I)/2023 dated March 21, 2023, the financial statements of the Bank can also be accessed through the weblink and QR enabled code
mentioned in agenda No. 2.
TRANSMISSION OF ANNUAL REPORTS THROUGH E-MAIL:
The Securities and Exchange Commission of Pakistan (SECP) through S.R.O. 389(I)/2023 dated March 21, 2023 has provided an option for shareholders to receive Annual Report along with the notice of Annual General Meeting electronically through E-mail and in hard copy. Hence, members who are interested in receiving the Annual Reports and notice of Annual General meeting in future are requested to send their request on the prescribed form placed on the Bank's website, which can be accessed from the following link, to the Bank's Share Registrar.
https://www.meezanbank.com/investor-relations/#doc
THE FOLLOWlNG ClRCULARS / NOTlFlCATlONS REQUlRE SPEClAL ATTENTlON OF THE SHAREHOLDERS:
PAYMENT OF CASH DIVIDEND THROUGH ELECTRONIC MODE (E-DIVIDEND) -MANDATORY:
Under section 242 of the Companies Act, 2017, and Regulation No. 4 of the Companies (Distribution of Dividends) Regulations, 2017, it is mandatory for a listed company to pay cash dividend to shareholders only through electronic mode directly into the bank account designated by the entitled shareholders.
In order to receive dividend directly into the bank account, shareholders are requested to fill the 'E-Dividend Mandate Form' available on Bank's website and send it duly completed and signed along with a copy of his / her valid CNIC to the Bank's Share registrar, THK Associates (Pvt.) Ltd., Plot No. 32-C, Jami Commercial Street 2, D.H.A. Phase VII, Karachi -75500, Pakistan UAN 111-000-322.,(in case of physical shares).
In case shares are held in CDC then the 'E-Dividend Mandate Form' must be submitted directly to shareholder(s)'broker/participant/CDC account services.
Shareholders can directly register for e-Dividend Services by visiting CDC Portal: https://csp.cdcaccess.com.pk/#/login
E-Dividend Mandate Form
Folio Number/CDC Sub Account Number
Name of Shareholder
Title of the Bank Account
International Bank Account Number (IBAN)
Name of Bank
Branch Name, Branch Code, Address
Cell and Landline number
CNIC/ Passport No. (Attach copy)
Signature of Shareholder
SUBMISSION OF VALID CNIC COPY (MANDATORY)
In terms of Regulation No. 06 of the Companies (Distribution of Dividends) Regulations, 2017 read with Section 243(3) of the Companies Act, 2017, listed Companies are entitled to withhold payment of dividend, if shareholders have not provided copies of their valid Computerized National Identity Cards (CNIC)/ Passport Number as well as complete and valid details of designated bank accounts (IBAN) for direct credit of cash dividend.
The shareholders are therefore requested to submit a copy of their valid CNIC/NTN/Passport Number within ten (10) days from the date of this Notice to the Bank's Registrar and shareholder(s)'broker/participant/CDC account services (as the case may be). In case the same have already been provided, then these instructions may be ignored.
The shareholders while sending copies of their CNICs must quote their respective folio numbers and names for identification purpose.
TAХ IMPLICATION ON DIVIDENDS
The Government of Pakistan has made certain amendments in Section 150 of the Income Tax Ordinance, 2001 whereby different rates are prescribed for deduction of withholding tax on the amount of dividend paid by the companies/banks. These rates are as per law.
To enable the Bank to make tax deduction on the amount of Cash Dividend, all the members whose names are not entered into the Federal Board of Revenue's (FBR) Active Tax-Payers List (ATL), despite the fact that they are tax return filers, are advised to make sure that their names are entered into ATL, before the date of book closure for cash dividend; otherwise, tax on their cash dividend will be deducted as non-filer.
TAХ ON JOINT SHAREHOLDING
All shareholders who hold shares jointly are requested to provide shareholding proportions of principalshareholder and joint-holder(s) in respect of shares held by them to our Shares Registrar, in writing as follows:
Folio/CDS
Total Shares
Principal Shareholder
Joint Shareholder
Name and CNlC No.
Shareholding Proportion (No. of Shares)
Name and CNlC No.
Shareholding Proportion (No. of Shares)
The required information must reach our Shares Registrar by the close of business (03:00 p.m.) on March 16, 2026 otherwise it will be assumed that the shares are equally held by principal shareholder and joint holder(s) and tax will be deducted according to the proportionate holding of each shareholder as clarified by the FBR vide its clarification letter No. I(54) Exp/2014-132872-R, dated September 25, 2014.
TAХ EХEMPTION CERTIFICATE
Shareholders claiming tax exemption under clause 47(B) of Part IV of the Second Schedule of Income Tax Ordinance, 2001 are requested to provide a valid exemption certificate under section 159 (1) of the Income Tax Ordinance, 2001 latest by March 16, 2026, to our Shares Registrar before the date of Book closure as required vide FBR clarification letter No. I(43)
D.G. (W.H.T.) / 2008-Vol.II-66417-R dated May 12, 2015.
INTIMATION OF CHANGE OF ADDRESS AND DECLARATION OF NON-DEDUCTION OF ZAKAT
Members are requested to immediately notify regarding the change, if any, in their registered and/or e-mail addresses, in writing, and their declaration for the non-deduction of Zakat (if applicable), to the Share Registrar and Transfer Agent of the Bank i.e. THK Associates (Pvt.) Ltd., Plot No. 32-C, Jami Commercial Street 2, D.H.A. Phase VII, Karachi -75500, Pakistan, UAN 111-000-322 (in case of Physical scrips) whereas Members/CDC Account holders are requested to contact their CDC Participant/CDC Account Services for the same, but no later than close of business hours (03:00 p.m.) on March 16, 2026.
Conversion of Physical Shares into Book-Entry Form
The Securities and Exchange Commission of Pakistan (SECP) through its letter No. CSD/ED/Misc/2016-639-640 dated March 26, 2021 has advised the listed companies to adhere with the provisions of section 72 of the Companies Act, 2017 (the 'Act') by replacing shares issued by them in Physical Form with the shares to be issued in the Book-Entry Form. Meezan Bank Limited (the 'Bank'), being a listed company is also required to comply with aforesaid provisions of Act.
The shareholders of Meezan Bank Limited having physical folios/share certificates are requested to convert their shares from physical form into Book Entry Form as soon as possible. The shareholders may contact their Broker, a PSХ Member, CDC Participant or CDC Investor Account Service Provider for assistance in opening a CDS Account and subsequent induction of the physical shares into Book Entry Form.
It would facilitate the shareholders in many ways including safe custody of shares, no loss of shares, avoidance of formalities required for the issuance of duplicate shares and readily available for sale and purchase in open market at better rates. The shareholders of Bank may contact the Share Registrar and Transfer Agent of the Bank, namely THK Associates (Pvt.) Limited at the following address for the conversion of physical shares into Book-Entry Form.
THK Associates (Pvt.) Limited,
Plot No. 32-C, Jami Commercial, Street 2, D.H.A, Phase VII, Karachi -75500. Tel # 021-353101091-6
UAN: 021-111-000-322 Email: secretariat@thk.com.pk and sfc@thk.com.pk
Un-claimed Dividends / Shares
The shareholders are hereby informed that in accordance with section 244 of the Companies Act, 2017 and the unclaimed shares, Modaraba certificates, Dividend, other instruments and undistributed Assets Regulations, 2017, the companies are required to deposit cash dividends to the credit of the Federal Government and shares to the Commission, which are undelivered/unclaimed for a period of three (3) years or more from the date it is due and payable.
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https://www.meezanbank.com
24/7 Call Center (021) 111-331-331 & (021) 111-331-332
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Best Bank
2018, 2020, 2023, 2024 & 2025
Pakistan Banking Awards
NOTICE OF 30TH ANNUAL GENERAL MEETING To be held on Friday, March 27, 2026Meezan Bank Limited
Head Office: Meezan House, C-25, Estate Avenue, SITE, Karachi- 75730, Pakistan.
Phone: (92-21) 38103500, 37133500, Fax: (92-21) 36406056
24/7 Call Centre: 111-331-331 & 111-331-332
https://www.meezanbank.com, https://www.meezanbank.pk
Best Bank
2018, 2020, 2023, 2024 & 2025
Pakistan Banking Awards
NOTICE OF 30TH ANNUAL GENERAL MEETING
Notice is hereby given that the 30th Annual General Meeting of the Members of Meezan Bank Limited (the "Bank") will be held Insha-Allah on Friday, March 27, 2026 at 10:00 a.m. at Meezan House C-25, Estate Avenue, SITE, Karachi, Pakistan, (physical and virtual meeting) to transact the following business:
ORDINARY BUSINESSES
To confirm the minutes of the 29th Annual General Meeting held on March 27, 2025.
To receive, consider and adopt the Annual Audited Accounts of the Bank, Audited Consolidated Accounts for the year ended December 31, 2025, together with the Auditors' Report, Directors' Report and Chairman's Review Report thereon.
In accordance with Section 223 of the Companies Act, 2017 and pursuant to the S.R.O. 389(I)2023 dated March 21, 2023, the financial statements of the Bank can be accessed through the following weblink and QR enabled code.
https://www.meezanbank.com/financial-information/#Financial-Report
To appoint auditors of the Bank for the year ending December 31, 2026 and to fix their remuneration. The present auditors, M/s. A. F. Ferguson & Co., Chartered Accountants, retire and being eligible, offer themselves for reappointment.
To consider and, if thought fit, approve as recommended by the Board of Directors, final cash Dividend at the rate of Rs. 7/- per share i.e. 70% in addition to Rs. 21/- per share i.e. 210% interim cash Dividend already declared/paid or the year December 31, 2025.
SPECIAL BUSINESS
To consider and, if thought fit, approve the Directors' Remuneration Policy of the Bank and to pass the following resolution as an ordinary resolution:
"RESOLVED THAT pursuant to the revised limits notified by the State Bank of Pakistan, the shareholders hereby approve the maximum ceiling for fee payable to Directors for attending meetings of the Board of Directors and its Committees at up to Rs. 1,200,000/- per meeting, with the Chairman being entitled to receive up to 20% higher.
FURTHER RESOLVED THAT the Board of Directors be and is hereby authorized to determine, fix, revise, and approve from time to time the actual fee amounts payable for attendance at meetings of the Board and its Committees, within the aforesaid approved ceiling, without requiring any further approval of the shareholders, subject always to compliance with applicable laws and regulatory requirements.
Notice of 30th AGM March 27, 2026 Meezan Bank Limited | 01
Best Bank
2018, 2020, 2023, 2024 & 2025
Pakistan Banking Awards
FURTHER RESOLVED THAT the fee amounts currently payable shall continue to remain in effect unless and until revised by the Board pursuant to the authority hereby granted."
To transact any other business with the permission of the Chair.
By Order of the Board
Karachi February 9, 2026
Muhammad Sohail Khan
Company Secretary
Notes:
CLOSURE OF SHARE TRANSFER BOOKS
The Members' Register will remain closed from March 17, 2026 to March 27, 2026 (both days inclusive). Transfer received at the Share Registrar office, by the close of business on March 16, 2026 will be treated in time for the purpose of entitlement to receive the 70% cash dividend and attend, vote and speak in the 30th Annual General Meeting.
PROHIBITION REGARDING DISTRIBUTION OF GIFTS
In Compliance with Section 185 of Companies Act, 2017 and SECP directives vide S.R.O. 452(I)/2025 dated March 17, 2025, No Gifts, Cash, Coupons / Vouchers or any other Form of Gift will be distributed at the 30th Annual General Meeting.
REQUIREMENTS TO ATTEND THE AGM THROUGH VIDEO-LINK
As per SECP circular 4 of 2021 dated February 15, 2021, the Bank is providing a video link facility for participation in the AGM. This facility is in addition to holding a physical AGM at a designated venue. Members or their proxy holders who wish to attend the AGM through the Video-Link are required to register themselves by providing the following information, along with a valid CNIC/-Passport (both sides) copy, board resolution, or power of attorney as applicable, via email at agm@meezanbank.com, by the close of business hours (05:00 PM) on Tuesday, March 24, 2026.
Name of Shareholders / Proxy
CNIC / Passport No.
Folio No. / CDC Participant ID No.
Cell No.
E-mail Address
Link to video connectivity will be sent to the shareholders on their e-mail addresses after necessary verification from the records.
Shareholders will be able to log in and participate in the Annual General Meeting proceedings through their smartphones or computer devices.
The login facility will be available from 09:50 a.m. till the end of the Annual General Meeting on March 27, 2026, enabling the participants to join the proceedings which will start at 10:00 a.m. sharp, Insha-Allah.
In addition to the above, Shareholders can also give their suggestions/comments on the proposed agenda of the Annual General Meeting by e-mailing at the designated e-mail address agm@meezanbank.com
Copies of the minutes of the 29th Annual General Meeting held on March 27, 2025, of Meezan Bank Limited, are available for inspection by Members as required under Section 152 of the Companies Act, 2017.
02 | Meezan Bank Limited Notice of 30th AGM March 27, 2026
Best Bank
2018, 2020, 2023, 2024 & 2025
Pakistan Banking Awards
GUIDELINES FOR CENTRAL DEPOSITORY COMPANY OF PAKISTAN LIMITED (CDC) INVESTOR ACCOUNT HOLDERS:
CDC Investor Account Holders will further have to follow the under-mentioned guidelines as laid down in Circular No. 1 dated January 26, 2000, issued by the Securities and Exchange Commission of Pakistan (SECP).
FOR ATTENDING THE GENERAL MEETING:
A member entitled to attend the Annual General Meeting may appoint any other person as his/her proxy to attend the meeting through video-link. A proxy form is enclosed.
In case of individuals, the account holder or sub-accountholder and/or the person whose securities are in group account and their registration details are uploaded as per the Regulations, shall authenticate his identity by showing his original Computerized National Identity Card (CNIC) or original passport at the time of attending the Annual General Meeting.
In case of a corporate entity, the Board of Directors' resolution/power of attorney with specimen signature of the nominee shall be produced (unless it has been provided earlier) at the time of the Annual General Meeting.
VIDEO CONFERENCE FACILITY FOR ATTENDING GENERAL MEETINGS
If the Bank receives consent from members holding in aggregate 10% or more shareholding residing at a geographical location, to participate in the meeting through video conference at least 07 days prior to the date of the Annual General Meeting, the Bank will arrange a video conference facility in that city subject to availability of such facility in that city.
To avail this facility, a request to be submitted to the registered address of the Bank 07 days before holding of the Annual General Meeting.
POSTAL BALLOT / E-VOTING FACILITY
Members may exercise their right to vote by means of postal ballot i.e. by post or through electronic mode subject to the requirements of section 143 and 144 of the Companies Act, 2017.
Pursuant to Companies (Postal Ballot) Regulations, 2018, for the purposes of Special Business members will be allowed to exercise their right to vote through postal ballot /electronic mode in accordance with the requirement and procedures contained in the aforesaid Regulations. The schedule and procedure of postal ballot/electronic voting shall be placed on Meezan Bank's which may access by following link seven (7) days before the meeting.
https://www.meezanbank.com/investor-relations/#doc
AVAILABILITY OF ANNUAL ACCOUNTS ON BANK'S WEBSITE
As required under Section 223 (7) of the Companies Act 2017, audited Financial Statements of the Bank have been uploaded on website of the Bank which can be downloaded from the Bank's website: https://www.meezanbank.com. Furthermore, in accordance to the S.R.O. 389(I)/2023 dated March 21, 2023, the financial statements of the Bank can also be accessed through the weblink and QR enabled code mentioned in agenda No. 2.
TRANSMISSION OF ANNUAL REPORTS THROUGH E-MAIL:
The Securities and Exchange Commission of Pakistan (SECP) through S.R.O. 389(I)/2023 dated March 21, 2023
Notice of 30th AGM March 27, 2026 Meezan Bank Limited | 03
Best Bank
2018, 2020, 2023, 2024 & 2025
Pakistan Banking Awards
has provided an option for shareholders to receive Annual Report along with the notice of Annual General Meeting electronically through E-mail and in hard copy. Hence, members who are interested in receiving the Annual Reports and notice of Annual General meeting electronically in future are requested to send their request on the prescribed form placed on the Bank's website, which can be accessed from the following link, to the Bank's Share Registrar.
https://www.meezanbank.com/investor-relations/#doc
THE FOLLOWING CIRCULARS / NOTIFICATIONS REQUIRE SPECIAL ATTENTION OF THE SHAREHOLDERS:
PAYMENT OF CASH DIVIDEND THROUGH ELECTRONIC MODE (E-DIVIDEND) - MANDATORY:
Under section 242 of the Companies Act, 2017, and Regulation No. 4 of the Companies (Distribution of Dividends) Regulations, 2017, it is mandatory for a listed company to pay cash dividend to shareholders only through electronic mode directly into the bank account designated by the entitled shareholders.
In order to receive dividend directly into the bank account, shareholders are requested to fill the 'E-Dividend Mandate Form' available on Bank's website and send it duly completed and signed along with a copy of his / her valid CNIC to the Bank's Share registrar, THK Associates (Pvt.) Ltd., Plot No. 32-C, Jami Commercial Street 2, D.H.A. Phase VII, Karachi -75500, Pakistan UAN 111-000-322.,(in case of physical shares).
In case shares are held in CDC then the 'E-Dividend Mandate Form' must be submitted directly to shareholder(s)'broker/participant/CDC account services.
Shareholders can directly register for e-Dividend Services by visiting CDC Portal: https://csp.cdcac-cess.com.pk/#/login
E-DIVIDEND MANDATE FORM
Folio Number/CDC Sub Account Number
Name of Shareholder(s)
Title of the Bank Account
International Bank Account Number (IBAN)
Name of Bank
Branch Name, Branch Code, Address
Cell and Landline number
CNIC/ Passport No. (Attach copy)
Signature of Shareholder
04 | Meezan Bank Limited Notice of 30th AGM March 27, 2026
Best Bank
2018, 2020, 2023, 2024 & 2025
Pakistan Banking Awards
SUBMISSION OF VALID CNIC COPY (MANDATORY)
In terms of Regulation No. 06 of the Companies (Distribution of Dividends) Regulations, 2017 read with Section 243(3) of the Companies Act, 2017, listed Companies are entitled to withhold payment of dividend, if shareholders have not provided copies of their valid Computerized National Identity Cards (CNIC)/ Passport Number as well as complete and valid details of designated bank accounts (IBAN) for direct credit of cash dividend.
The shareholders are therefore requested to submit a copy of their valid CNIC/NTN/Passport Number within ten (10) days from the date of this Notice to the Bank's Registrar and shareholder(s)'broker/ participant/CDC account services (as the case may be). In case the same have already been provided, then these instructions may be ignored.
The shareholders while sending copies of their CNICs must quote their respective folio numbers and names for identification purpose.
TAX IMPLICATION ON DIVIDENDS
The Government of Pakistan has made certain amendments in Section 150 of the Income Tax Ordinance, 2001 whereby different rates are prescribed for deduction of withholding tax on the amount of dividend paid by the companies/banks. These rates are as per law.
To enable the Bank to make tax deduction on the amount of Cash Dividend, all the members whose names are not entered into the Federal Board of Revenue's (FBR) Active Tax-Payers List (ATL), despite the fact that they are tax return filers, are advised to make sure that their names are entered into ATL, before the date of book closure for cash dividend; otherwise, tax on their cash dividend will be deducted as non-filer.
TAX ON JOINT SHAREHOLDING
All shareholders who hold shares jointly are requested to provide shareholding proportions of principal shareholder and joint-holder(s) in respect of shares held by them to our Shares Registrar, in writing as follows:
Folio/CDS
Total Shares
Principal Shareholder
Joint Shareholder(s)
Name and CNIC No.
Shareholding Proportion (No. of Shares)
Name and CNIC No.
Shareholding Proportion (No. of Shares)
The required information must reach our Shares Registrar by the close of business (03:00 p.m.) on March 16, 2026 otherwise it will be assumed that the shares are equally held by principal shareholder and joint holder(s) and tax will be deducted according to the proportionate holding of each shareholder as clarified by the FBR vide its clarification letter No. I(54) Exp/2014-132872-R, dated September 25, 2014.
TAX EXEMPTION CERTIFICATE
Shareholders claiming tax exemption under clause 47(B) of Part IV of the Second Schedule of Income Tax Ordinance, 2001 are requested to provide a valid exemption certificate under section 159 (1) of the Income Tax Ordinance, 2001 latest by March 16, 2026, to our Shares Registrar before the date of Book closure as required vide FBR clarification letter No. I(43) D.G. (W.H.T.) / 2008-Vol.II-66417-R dated May 12, 2015.
Notice of 30th AGM March 27, 2026 Meezan Bank Limited | 05
Best Bank
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Pakistan Banking Awards
INTIMATION OF CHANGE OF ADDRESS AND DECLARATION OF NON-DEDUCTION OF ZAKAT
Members are requested to immediately notify regarding the change, if any, in their registered and/or e-mail addresses, in writing, and their declaration for the non-deduction of Zakat (if applicable), to the Share Registrar and Transfer Agent of the Bank i.e. THK Associates (Pvt.) Ltd., Plot No. 32-C, Jami Commercial Street 2, D.H.A. Phase VII, Karachi -75500, Pakistan, UAN 111-000-322 (in case of Physical scrips) whereas Members/CDC Account holders are requested to contact their CDC Participant/CDC Account Services for the same, but no later than close of business hours (03:00 p.m.) on March 16, 2026.
CONVERSION OF PHYSICAL SHARES INTO BOOK-ENTRY FORM
The Securities and Exchange Commission of Pakistan (SECP) through its letter No. CSD/ED/Misc/2016-639-640 dated March 26, 2021 has advised the listed companies to adhere with the provisions of section 72 of the Companies Act, 2017 (the 'Act') by replacing shares issued by them in Physical Form with the shares to be issued in the Book-Entry Form. Meezan Bank Limited (the 'Bank'), being a listed company is also required to comply with aforesaid provisions of Act.
The shareholders of Meezan Bank Limited having physical folios/share certificates are requested to convert their shares from physical form into Book Entry Form as soon as possible. The shareholders may contact their Broker, a PSX Member, CDC Participant or CDC Investor Account Service Provider for assistance in opening a CDS Account and subsequent induction of the physical shares into Book Entry Form.
It would facilitate the shareholders in many ways including safe custody of shares, no loss of shares, avoidance of formalities required for the issuance of duplicate shares and readily available for sale and purchase in open market at better rates. The shareholders of Bank may contact the Share Registrar and Transfer Agent of the Bank, namely THK Associates (Pvt.) Limited at the following address for the conversion of physical shares into Book-Entry Form.
THK Associates (Pvt.) Limited
Plot No. 32-C, Jami Commercial, Street 2, D.H.A, Phase VII, Karachi -75500. Tel # 021-353101091-6
UAN: 021-111-000-322 Email: secretariat@thk.com.pk and sfc@thk.com.pk
UN-CLAIMED DIVIDENDS / SHARES
The shareholders are hereby informed that in accordance with section 244 of the Companies Act, 2017 and the unclaimed shares, Modaraba certificates, Dividend, other instruments and undistributed Assets Regulations, 2017, the companies are required to deposit cash dividends to the credit of the Federal Government and shares to the Commission, which are undelivered/unclaimed for a period of three (3) years or more from the date it is due and payable.
The details of unclaimed dividends, undelivered bonus, and right shares are available on the bank's website, which can be accessed at https://www.meezanbank.com/unclaimed/
06 | Meezan Bank Limited Notice of 30th AGM March 27, 2026
Best Bank
2018, 2020, 2023, 2024 & 2025
Pakistan Banking Awards
STATEMENTS OF MATERIAL FACTS UNDER SECTION 134(3) OF THE COMPANIES ACT, 2017 IN RESPECT OF SPECIAL BUSINESS
This statement sets out the material fact concerning the resolution contained in agenda No. 5 of Notice pertaining to the special business to be transacted at the Annual General Meeting of the Bank to be held on March 27, 2026
AMENDMENTS IN DIRECTORS' REMUNERATION POLICY
The State Bank of Pakistan, vide BPRD Circular Letter No. 24 of 2025 dated December 12, 2025, has revised Regulation G-14(2)(v) of the Corporate Governance Regulatory Framework (CGRF), whereby the maximum limits of remuneration payable to Directors for attending Board and Committee meetings have been enhanced.
In compliance with the said SBP Circular the Board of Directors of the Bank, in its meeting held on February 9, 2026, recommended the revision of the fee structure to align the Directors' Remuneration Policy with the revised SBP instructions, subject to shareholders' approval.
In order to determine the actual scale of remuneration, the shareholders of the Bank are requested to grant approval and authorize the Board of Directors to determine, fix, revise, and approve, from time to time, the actual fee amounts payable for attendance at meetings of the Board and its Committees, within the SBP-prescribed limits, without seeking further approval of the shareholders, subject to compliance with applicable laws and regulatory requirements.
The existing Directors' remuneration fee was last approved by the shareholders at the 24th Annual General Meeting held on March 26, 2020. The revised regulatory limits prescribed by the State Bank of Pakistan require an update to the said fee to ensure fair and reasonable compensation. Other than the revision in the fee scale which is within the SBP-prescribed limits, no change has been made to the said policy. A complete Directors Remuneration Policy is available on Bank's website which may be accessed on the following link.
https://www.meezanbank.com/investor-relations/#doc
In order to align the policy with the said SBP BPRD Circular Letter, the shareholders of the Bank are requested to approve the proposed amendments in the remuneration policy.
The non-executive directors are interested in the payment of remuneration, whereas the President & CEO, being a Deemed Director of the Board, has no interest in the matter.
Notice of 30th AGM March 27, 2026 Meezan Bank Limited | 07
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