Resolutions passed by Shareholders in 26th AGM

Oil and Gas Development Company Ltd

30 October 2023

 

CS-04-08 (PSX/LSE/SECP)

October 30, 2023

The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Building, Stock Exchange Road, Karachi Fax No: 021-111-573-329, 32437560

London Stock Exchange Plc. 10 Paternoster Square, London EC4M 7LS Tel: [phone]

Subject:     RESOLUTIONS PASSED BY THE SHAREHOLDERS IN 26^th ANNUAL GENERAL MEETING HELD ON OCTOBER 30, 2023

Dear Sir,

As required under 5.6.9(b) of the rule book of Pakistan Stock Exchange, we are pleased to inform you that the following resolutions have been passed by the shareholders in the Annual General Meeting held on October 30, 2023 and the same have been adopted and has become effective.

RESOLVED that, minutes of Annual General Meeting of Oil & Gas Development Company Limited held on October 25, 2022 be and are hereby approved.

RESOLVED that, the Directors' and Auditors' Reports and Company's accounts for the year ended June 30, 2023 be and are hereby approved and adopted.

RESOLVED that, a final cash dividend of Rs 2.75/- per ordinary share i.e 27.5%, recommended by the Board of Directors (in addition to the three interim dividends already paid during the year) be and is hereby approved for the year ended June 30, 2023.

RESOLVED that, appointment of M/s KPMG Taseer Hadi & Co., Chartered Accountants and M/s A.F. Ferguson, Chartered Accountants as the Statutory Auditors of the Company for the year 2023-24 at the fee as recommended by the Board, be and is hereby approved.

RESOLVED that, the Company be and is hereby authorized to circulate annual audited financial statement to its members through QR enabled code and weblink as part of the notice of Annual General meeting.

FURTHER RESLOVED that, the Managing Director/CEO and the Company Secretary, singly or jointly, be and are hereby authorized to do all acts, deeds, and things, take or cause to be taken any action as may be necessary, incidental or consequential to give effect to this resolution.

Yours sincerely,

(Wasim Ahmad)

  A/Company Secretary

Copy:

Executive Director/HOD, Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan,63, NIC Building,

Jinnah Avenue, Blue Area,

Islamabad.

 

END