⚡ Flash Summary
OGDC’s 28th Annual General Meeting (AGM) held on October 27, 2025, approved key resolutions including the minutes of previous meetings and the Directors’ and Auditors’ reports for the year ended June 30, 2025. A final cash dividend of Rs 5 per ordinary share (50%) was approved, in addition to three interim dividends already paid. The appointment of A.F. Ferguson as the Statutory Auditor for the year 2025-26 was also ratified during the meeting. These decisions reflect the company’s commitment to shareholder returns and governance.
📌 Key Takeaways
- ✅ Minutes of the Extraordinary General Meeting held on September 10, 2025, were approved.
- 🗓️ Minutes of the Annual General Meeting held on October 25, 2024, were approved.
- 🧾 The Directors’ and Auditors’ Reports and Company’s accounts for the year ended June 30, 2025, were approved and adopted.
- 💰 A final cash dividend of Rs 5/- per ordinary share (50%) was approved for the year ended June 30, 2025.
- 🏦 This dividend is in addition to the three interim dividends already paid during the year.
- 👨💼 M/s A.F. Ferguson, Chartered Accountants, were appointed as the Statutory Auditor for the year 2025-26.
- 🗓️ The AGM was held on October 27, 2025.
- 📜 Resolutions were passed as per the rule book of the Pakistan Stock Exchange.
- 🤝 The resolutions were adopted and became effective.
- 📢 Shareholders approved all proposed resolutions.
- 🏢 The meeting was the 28th Annual General Meeting of OGDC.
- 📑 The announcement was made to the Pakistan Stock Exchange and London Stock Exchange.
🎯 Investment Thesis
Based on the AGM resolutions, including the approval of a 50% final dividend and the appointment of auditors, a HOLD recommendation is appropriate. The consistent dividend payouts suggest a stable income stream for investors. Price Target: Maintain current market price. Time Horizon: Medium Term.
Disclaimer: AI-generated analysis. Not financial advice.