⚡ Flash Summary

Trust Securities & Brokerage Ltd. has announced its 32nd Annual General Meeting (AGM) to be held on October 27, 2025, in Karachi. The meeting will address ordinary business matters, including confirming the minutes of the last AGM, adopting the annual audited financial statements for the year ended June 30, 2025, appointing auditors for the year ending June 30, 2026, and discussing other matters with the Chair’s permission. The share transfer books will be closed from October 21, 2025, to October 27, 2025. Shareholders can attend physically or virtually, with specific procedures outlined for proxies and corporate representatives.

📌 Key Takeaways

• 📅 AGM Date: October 27, 2025, at 03:30 p.m. in Karachi.
• 🏢 Location: Suite #401, 4th Floor, Business & Finance Centre, I.I. Chundrigar Road.
• ✅ Agenda: Confirm minutes, adopt financial statements, appoint auditors.
• 🔒 Share Transfer Books: Closed from October 21 to October 27, 2025.
• 🤝 Proxy: Allowed, must be a company member with CNIC/Passport.
• 🏢 Corporate Nomination: Required for corporate shareholders to represent them.
• 🏦 CDC Participants: Must bring original CNIC/Passport and Account I.D.
• 🌐 Financial Statements: Available on the company’s website.
• 📜 Companies Act, 2017: Compliance with Section 223 and SRO 389(1)/2023.
• 📢 SECP Notification: SRO 779(1)/2011, mandatory CNIC submission.
• 📹 Video Conference: Facility available for shareholders with 10% stake.
• 💻 Online Participation: Arranged for virtual attendance.
• ✉️ Registration: Send CNIC copy and registration details to info@tsbl.com.pk.
• 🏦 CDC Account: Encouraged for physical shares to facilitate trading.
• 🚫 Gifts: Prohibition of gifts or incentives at the AGM.

🎯 Investment Thesis

Based on the provided document, a definitive BUY/SELL/HOLD recommendation cannot be made. The document lacks financial data necessary for valuation. Further analysis of TSBL’s financial performance, market position, and growth prospects is required before forming an investment thesis. Without this, a neutral HOLD recommendation is appropriate.