⚡ Flash Summary

The Searle Company Limited has announced its 60th Annual General Meeting (AGM) to be held on October 28, 2025, at Indus Suite, Avari Towers, Karachi. Key agenda items include the approval of financial statements for the year ended June 30, 2025, the appointment of external auditors, and the issuance of bonus shares at a ratio of 15 shares for every 100 shares held. The meeting will also cover the ratification of related party transactions and the approval of executive directors’ remuneration. Members are encouraged to participate via video conferencing, with registration required in advance.

📌 Key Takeaways

• 📅 Searle’s 60th AGM is scheduled for October 28, 2025, at 04:00 PM at Indus Suite, Avari Towers, Karachi.
• 💻 Members are encouraged to attend the AGM through video conferencing; registration is required by October 26, 2025.
• 📄 The AGM will address the adoption of standalone and consolidated audited financial statements for the year ended June 30, 2025.
• 💼 External auditors (M/s. A.F. Ferguson & Co.) will be appointed for the year ending June 30, 2026, subject to board approval.
• 💰 Bonus shares are proposed at a ratio of 15 shares for every 100 shares held (15%).
• 🗓️ The record date for bonus share entitlement is October 10, 2025.
• ✔️ Remuneration for the CEO and one full-time working director, not exceeding PKR 100 million, will be approved.
• 🤝 Related party transactions conducted during the year ended June 30, 2025, will be ratified.
• ✅ The Board is authorized to enter into arrangements/transactions with related parties up to June 30, 2026.
• 🗳️ Special business resolutions will be voted on via electronic voting or postal ballot.
• ⛔ No gifts will be distributed to shareholders at the AGM, in compliance with SECP regulations.
• ⚠️ Shareholders holding at least 5% of shares must submit an Ultimate Beneficial Ownership (UBO) declaration.

🎯 Investment Thesis

A neutral (HOLD) stance is appropriate given the limited financial details in the AGM notice. The potential for bonus shares is a positive signal, but the risks associated with related party transactions and the lack of specific financial information warrant caution. Without access to detailed financial statements, forecasting future performance and setting a price target is not possible. Therefore, a hold stance is reasonable until after AGM and when audited financials are made available. Any price movement post news could indicate the sentiment for Searle’s future. The time horizon is indefinite.