Security Papers Limited (SPL) held its 61st Annual General Meeting at the company’s registered office in Karachi.

Chairman of the Board Mohammad Aftab Manzoor chaired the meeting.

Members of the Board of Directors, senior management and shareholders also attended the AGM.

Shareholders approved the company’s audited financial statements for the year ended June 30, 2026.

Security Papers Posts Rs907m Net Profit

Security Papers reported a gross profit of Rs1.585 billion for FY2026.

Profit before tax reached Rs1.598 billion.

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The company posted a net profit of Rs907 million.

Earnings per share stood at Rs15.31.

The results reflected the company’s financial performance during the year ended June 30, 2026.

Shareholders Approve Rs9 Dividend

Shareholders also approved a final cash dividend of Rs9 per share, representing 90%, for the 2025-26 financial year.

The dividend was recommended by the Board of Directors.

The approval came during the company’s annual shareholder meeting.

Security Papers Updates PM-2 Modernisation Project

The AGM also included a question-and-answer session.

Management responded to shareholders’ questions and provided updates on the ongoing Balancing, Modernization and Replacement (BMR) project for paper machine-2 (PM-2).

The project is aimed at improving production capacity and product quality.

It is also designed to strengthen the company’s ability to meet changing customer requirements.

Security Papers said the project could support future business opportunities linked to upcoming new banknote series.

Company Expands Sustainability Initiatives

Shareholders also received updates on the company’s wider infrastructure and sustainability initiatives.

The projects aim to improve operational efficiency and strengthen resource resilience.

Security Papers is also working to increase its use of renewable energy.

Shareholders welcomed the company’s continued focus on operational efficiency, technology upgrades and sustainability.

The company said these initiatives remain part of its broader strategy to strengthen production capabilities and respond to future market opportunities.