Oil and Gas Development Company shareholders approve dividend and auditor at 29th AGM
At the 29th AGM on October 16, 2026, shareholders approved FY2026 accounts, a Rs 6 final cash dividend and A.F. Ferguson & Co as 2026-27 auditor.
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what happened
Shareholders of Oil and Gas Development Company Ltd backed a set of resolutions at the 29th annual general meeting held on October 16, 2026. They endorsed the minutes of the previous AGM, held on October 27, 2025, and approved the separate and consolidated financial statements for the year ended June 30, 2026. Those statements were audited by A.F. Ferguson & Co.
A final cash dividend of Rs 6 per ordinary share, equal to 60%, was also approved. It comes on top of three interim cash dividends already paid during the year. A.F. Ferguson & Co was reappointed as statutory auditor for 2026-27, with its fee set as recommended by the board. The company filed the notice under clause 5.6.9(b) of Pakistan Stock Exchange regulations.
why it matters
For investors, the vote confirms the total cash payout for the fiscal year and keeps the same audit firm in place, which reduces procedural uncertainty. The notice contains no production, revenue or profit figures, so on its own it does not change the outlook for the company's operations or give a basis for judging its share price.
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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