DPS Resources Berhad (“DPS” or the “Company”) today announced that all resolutions tabled at its Twenty-Third Annual General Meeting (“23rd AGM”) held in Melaka were duly passed by shareholders.
At the 23rd AGM, shareholders received the Audited Financial Statements for the financial year ended 31 March 2026 together with the Reports of the Directors and Auditors thereon, and approved the payment of Directors’ fees and benefits of up to RM100,000 from 11 September 2026 until the conclusion of the next Annual General Meeting of the Company.
Shareholders approved the re-election of Dato’ Dr. Jalaluddin Bin Harun and Mr. Mea Fatt Leong, who retired by rotation in accordance with Clause 120 of the Company’s Constitution, as Directors of the Company. They also re-appointed Messrs. UHY Malaysia PLT as Auditors of the Company and authorised the Directors to fix their remuneration.
In addition, shareholders approved the authority for Directors to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016, subject to the relevant requirements and approvals. The mandate provides the Company with flexibility to issue and allot shares of up to 10% of the total number of issued shares of the Company, should the Directors deem it fit and in the best interest of the Company.
They further approved the authority for the Company to purchase and/or hold up to 10% of its own shares in the issued and paid-up share capital, together with the renewal of the existing shareholders’ mandate for recurrent related party transactions of a revenue or trading nature that are necessary for the day-to-day operations of DPS and its subsidiaries.
The proposed amendments to the ordinary resolutions in relation to the proposed allocation of Employee Share Option Scheme (“ESOS”) options to the interested Directors of the DPS Group, excluding dormant subsidiaries, if any, were also approved by shareholders.
Tan Sri Dato’ Sri Dr. Sow Chin Chuan, Group Chairman and Founder of DPS Resources Berhad said, “We would like to thank our shareholders for their continued trust and support. The approval of all resolutions at our 23rd AGM reflects shareholders’ confidence in DPS’ direction as we continue to strengthen our business foundation and pursue opportunities that can create long-term value.”
Moving forward, DPS remains focused on disciplined execution across our existing businesses while advancing our property development and data centre-related initiatives in Melaka. DPS has submitted applications to convert the zoning of the relevant lands to industrial use and has obtained support from the respective State Assemblymen for the relevant areas. We will continue to evaluate these opportunities carefully, supported by prudent capital management and strategic partnerships.
