جاویدان کارپوریشن نے 64ویں AGM میں 60٪ نقد ڈیویڈنڈ اور ذیلی کمپنی کی فروخت سمیت اہم قراردادوں کی منظوری دی۔ Javedan Corp approves 60% cash dividend and resolution to dispose of wholly owned subsidiary at 64th AGM.

Javedan Corporation Limited has announced the resolutions passed during its 64th Annual General Meeting held on 17 October 2026.

Key Resolutions and Approvals:

• Cash Dividend: Shareholders approved a final cash dividend of 60% (PKR 6 per ordinary share) for the year ended 30 June 2026.
• Disposal of Subsidiary: Shareholders granted approval to sell or otherwise dispose of 100% shareholding in its wholly-owned subsidiary, Sapphire Bay Development Company Limited.
• Related Party Transactions: Ratified transactions for the year ended 30 June 2026 and authorized the Board to approve future transactions for FY2027.
• Investments: Approved fresh investments and renewal of existing sanctioned limits for loans/advances and guarantees in associated companies under Section 199 of the Companies Act, 2017.
• Auditors: Appointed M/s. Reanda Haroon Zakaria Aamir Salman Rizwan & Co. and M/s. Yousuf Adil & Co. as external auditors.

Opportunities & Outlook

The company is streamlining its business structure by disposing of its subsidiary, Sapphire Bay Development Company Limited. Additionally, it continues to support its associated undertakings with sanctioned limits for loans and equity investments, signaling ongoing strategic financial engagement within its group ecosystem.