Notices Closed 12 Oct 2026
Descon Oxychem Ltd. — Notice of 22nd Annual General Meeting on 2026-10-20 (Lahore)
Descon Oxychem Ltd. · Lahore · The Nation,
Notice advertisement published in The Nation on Monday, 28 September 2026, listed under Lahore, Pakistan. Issued by Descon Oxychem Ltd.. The last date printed on the advertisement was Monday, 12 October 2026 and has passed.
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Descon Oxychem Limited hereby gives notice of its 22nd Annual General Meeting to be held on Tuesday, October 20, 2026 at 10:00 a.m. at the registered office of the Company at Descon Headquarters, 18-Km Ferozepur Road, Lahore. Issued by the Company Secretary, Abdul Sohail (dated September 28, 2026).
Ordinary business to be transacted:
| Item | Business |
|---|---|
| 1 | To confirm minutes of the last Annual General Meeting held on 24-02-2026. |
| 2 | To receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended 30 June 2026 together with Directors' and Auditors' reports. |
| 3 | To appoint External Auditors for the ensuing year and to fix their remuneration (current auditors Crowe Hussain Chaudhary & Co., Chartered Accountants, have retired and are eligible). |
| 4 | To approve, as recommended by the Board of Directors, payment of Final Cash Dividend @ 20% (i.e. PKR 2.00 per ordinary share) for the year ended 30 June 2026. |
| 5 | To transact any other business with the permission of the Chair. |
The Annual Report is available via QR code and online at: https://www.descon.com/en/docs/annual-report-2026.pdf
Participation via Video Conference: Shareholders wishing to attend through video conferencing must register by emailing [email protected] with subject "Registration for 22nd Annual General Meeting" and attach a copy of their CNIC. Registration and provision of required credentials (name, folio/CDC No., CNIC/NTN) must be received from shareholders, their representatives, or proxies at least 48 hours before the AGM.
Share transfer books will be closed from 2026-10-13 to 2026-10-20 (both days inclusive). Transfers received at the Corplink (Pvt.) Limited office by close of business on 2026-10-12 will be treated in time for entitlement to the final cash dividend.
Proxies: A member entitled to attend and vote may appoint a proxy. Proxy forms must be deposited at the Registered Office of the Company at least 48 hours before the meeting together with a copy of the proxy holder's CNIC.
Payment of Cash Dividend Electronically: Shareholders must provide or update their bank mandate (account title, IBAN, bank name & branch, branch code and address) with the Company's Share Registrar or CDC participant to receive dividend directly into the bank account designated by the entitled shareholder.
Withholding Tax on Dividends: Withholding rates stated in the notice apply — 15% for persons on the Active Taxpayer List (ATL); 30% for persons not on the ATL.
Other instructions include updating particulars with the Share Registrar, submission of valid CNIC where required, conversion of physical shares into CDC book-entry form, and optional distribution of the Annual Report and notices by email.
Published in The Nation on Monday, 28 September 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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