⚡ Flash Summary

Clover Pakistan Limited will hold its 39th Annual General Meeting on October 28, 2025, to discuss the company’s annual financial statements, appoint auditors, and consider the acquisition of Company Owned Company Operated (COCO) Filling/Service Stations from Fossil Energy (Private) Limited, its parent company. Shareholders can attend physically or via video link, with registration required 72 hours in advance. The meeting will also cover ordinary business such as confirming minutes and addressing other matters with the chair’s permission. Electronic voting and postal ballot options are available for the special business item.

📌 Key Takeaways

• 🗓️ AGM scheduled for October 28, 2025, at 09:00 a.m. in Karachi.
• 🏢 Venue: Arabian Sea Country Club, Bin Qasim, Karachi.
• ✅ Ordinary business includes confirming minutes from September 30, 2024.
• 🧾 Review and adoption of audited financial statements for the year ending June 30, 2025.
• 🧑‍💼 Appointment of auditors for the financial year ending June 30, 2026.
• 🤝 Special business: Proposal for acquisition of all COCO Filling/Service Stations from Fossil Energy (Private) Limited.
• 🌐 Annual Report available on the company website via link and QR code.
• 🖥️ Shareholders can attend via video link with registration 72 hours prior.
• ✉️ Deadline for sending information via courier for video link participation: October 25, 2025.
• ⚠️ Share transfer books closed from October 22, 2025, to October 28, 2025.
• 💳 Mandatory submission of CNIC copy for individual members.
• 🗳️ Electronic voting and postal ballot options for special business.
• ⏳ E-voting lines open from October 22, 2025 (5:00 PM) to October 27, 2025 (5:00 PM).
• 📜 Proxy form must be received 48 hours before the meeting.

🎯 Investment Thesis

A HOLD recommendation is appropriate at this time. The AGM notice reveals a potential strategic shift towards vertical integration through the acquisition of FEPL’s COCO sites. However, without details on the financial terms, potential synergies, or the overall strategic rationale, it is hard to give any investment advice. More information from the AGM is needed before making a Buy or Sell decision.