⚡ Flash Summary

United Distributors Pakistan Limited (UDPL) has announced its 43rd Annual General Meeting (AGM) to be held on October 27th, 2025. The meeting will cover confirming minutes of the previous meeting, adopting financial statements, appointing auditors, and declaring a final cash dividend. Shareholders can participate in person or via video conferencing. The company’s financial performance and related party transactions will be key discussion points, with shareholders asked to ratify past transactions and authorize the CEO for future dealings.

📌 Key Takeaways

• 📅 UDPL’s 43rd AGM is scheduled for October 27, 2025.
• 🏢 The AGM will be held at ICMA Pakistan Building, Karachi, and via video conferencing.
• ✅ Shareholders will confirm minutes from the Extraordinary General Meeting held on June 13, 2025.
• 🧾 The AGM includes adopting the annual audited financial statements for the year ended June 30, 2025.
• 💼 BDO Ebrahim & Co. are offering themselves for reappointment as auditors for the year 2026.
• 💰 A final cash dividend of PKR 1.25 per share (12.5%) has been recommended for the year ended June 30, 2025.
• 📈 This is in addition to interim cash dividends of PKR 33.25 per share (332.5%).
• 🤝 Shareholders will ratify transactions with related parties during the year ended June 30, 2025.
• CEO authorization sought for related party transactions during the year ending June 30, 2026.
• 🖥️ Shareholders can participate via video conferencing; registration required by October 23, 2025.
• 📚 Share transfer books will be closed from October 21, 2025, to October 27, 2025.
• 🗳️ Proxies must be received at the Registered Office at least 48 hours before the meeting.
• 🛂 Shareholders must bring their original CNIC or passport to authenticate their identity.
• 🌐 Audited financial statements are available on the company’s website.
• 📧 Annual Report is available through a weblink/QR Code and has been emailed to shareholders with valid email IDs.

🎯 Investment Thesis

HOLD. While the dividend is a positive sign, the focus on related party transactions warrants caution. Further analysis of the company’s financial statements and related party dealings is needed before making a BUY/SELL decision. The current information is not compelling enough to warrant a change in position. A price target cannot be accurately determined without more thorough financial data.