FCL · Fast Cables Limited
Fast Cables AGM Resolutions: 15% Dividend and IPO Proceeds Utilization
Official PSX filing title: Resolutions passed in 18th Annual General Meeting of Fast Cables Limited
- Filed
- 22 October 2026 at 12:07 pm
- Category
- Actions
- Sentiment
- Good
- Impact
- High
Executive summary
Fast Cables Limited held its 18th Annual General Meeting on October 22, 2026, passing ordinary and special resolutions. Key approvals include the adoption of annual audited financial statements for the year ended June 30, 2026, a 15% final cash dividend (Rs. 1.50 per share), the appointment of auditors, ratification of related party transactions, the disposal of a leasehold building to a director for PKR 300 million, and the utilization of surplus IPO proceeds amounting to PKR 747.763 million alongside accrued returns for working capital requirements.
Key takeaways
- Approved final cash dividend of 15% (Rs. 1.50 per share) for FY2026
- Adopted annual audited financial statements for the year ended June 30, 2026
- Approved disposal of leasehold building to a director for not less than PKR 300 million
- Approved utilization of surplus IPO proceeds and returns totaling over PKR 1.07 billion for working capital
- #agm
- #dividend
- #ipo
- #related-party
- #financial-results
Please cross-check with the official PSX filing before making an investment decision.