⚡ Flash Summary

Power Cement Limited has announced the election of directors under Section 159(4) of the Companies Act, 2017. The 34th Annual General Meeting (AGM) will be held on October 14, 2025, to elect directors. Several candidates have filed notices of their intention to stand for election, including non-executive, independent, and a female director. Since the number of candidates is not more than the number of directors fixed by the Board, the candidates will be deemed elected at the AGM.

📌 Key Takeaways

• 📢 Election of directors announced under Section 159(4) of the Companies Act, 2017.
• 🗓️ The 34th Annual General Meeting (AGM) is scheduled for October 14, 2025.
• 🏢 The AGM will be held at the PSX Auditorium, Karachi at 12:00 noon.
• 👤 Candidates have filed notices to offer themselves for election as directors.
• 💼 The candidate categories include Non-Executive, Independent, and a Female Director.
• 👔 Non-Executive Director candidates are Mr. Muhammad Arif Habib, Mr. Nasim Beg, Mr. Abdus Samad, Syed Salman Rashid.
• 🤝 Independent Director candidates are Mr. Khursheed Anwer Jamal and Mr. Khalilullah Shaikh.
• 👩‍💼 Ms. Zainab Kashif is the candidate for the Female Director position.
• ✅ Since the number of candidates equals the number of director seats, they will be deemed elected.
• 📜 The election complies with Section 159(1) of the Companies Act, 2017, and Regulation 7A of the Listed Companies Regulations, 2019.
• 🌐 Candidate profiles are available on the company’s website: https://powercement.com.pk/elections-of-directors/.

🎯 Investment Thesis

HOLD. This announcement is a routine corporate governance matter (election of directors) and does not provide any new information to change the investment thesis. A hold recommendation is maintained until further financial results or strategic announcements provide a basis for a BUY or SELL decision.