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

October 25, 2024

Subject:       RESOLUTIONS PASSED BY THE SHAREHOLDERS IN 27^th ANNUAL GENERAL MEETING HELD ON OCTOBER 25, 2024

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 25, 2024 and the same have been adopted and become effective.

RESOLVED that, minutes of Extraordinary General Meeting of Oil & Gas Development Company Limited held on November 30, 2022 be and are hereby approved.

RESOLVED that, minutes of Annual General Meeting of Oil & Gas Development Company Limited held on October 30, 2023 be and are hereby approved.

RESOLVED that, the Directors' and Auditors' Reports and Company's accounts for the year ended June 30, 2024 be and are hereby approved and adopted.

RESOLVED that, a final cash dividend of Rs 4/- per ordinary share i.e 40%, 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, 2024.

RESOLVED that, appointment of M/s A.F. Ferguson, Chartered Accountants as the Statutory Auditor of the Company for the year 2024-25 at the fee as recommended by the Board, be and is hereby approved.

Yours sincerely, 

(Wasim Ahmad)

  Company Secretary

Copy:

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

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

Jinnah Avenue, Blue Area,

Islamabad.