⚡ Flash Summary

Thal Limited has announced the upcoming election of directors at the Annual General Meeting scheduled for October 20, 2025. The announcement lists seven individuals who have filed notices to offer themselves for election. Since the number of candidates does not exceed the number of director positions available, all seven individuals will be deemed elected at the meeting. The composition includes both executive and non-executive directors, as well as independent directors chosen for their expertise and qualifications, ensuring compliance with the Companies Act, 2017.

📌 Key Takeaways

• 🗓️ The Annual General Meeting (AGM) is scheduled for October 20, 2025, at 9:30 A.M.
• 🏢 The AGM will be held at The Institute of Chartered Accountants of Pakistan (ICAP) Auditorium in Karachi.
• 📜 The election of directors is being conducted under Section 159(4) of the Companies Act, 2017.
• 👤 Seven individuals have filed notices to offer themselves for election as directors.
• ✅ Since the number of candidates does not exceed the number of director positions, all seven will be deemed elected.
• 💼 Mr. Mohamedali R. Habib is nominated as a Non-Executive Director.
• 💼 Mr. Imran Ali Habib is nominated as a Non-Executive Director.
• 💼 Mr. Muhammad Salman Burney is nominated as a Non-Executive Director.
• 💼 Mr. Shahid Malik is nominated as a Non-Executive Director.
• 💼 Mr. Muhammad Tayyab Ahmad Tareen is nominated as an Executive Director.
• 👩‍💼 Ms. Tahira Raza is nominated as an Independent Director.
• 💼 Mr. Khayam Husain is nominated as an Independent Director.
• 🌐 Profiles of the director candidates are available on the company’s website: www.thallimited.com.
• 🏢 The independent directors were selected based on their expertise, qualifications, and compliance with Section 166 of the Companies Act.
• ✉️ This notice is being circulated to shareholders and published in newspapers.

🎯 Investment Thesis

Based on the announcement, a HOLD recommendation is appropriate. The election of directors is a routine corporate event. The composition of the board will need to be further evaluated for strategic implications in future. A price target cannot be determined from this announcement alone. The time horizon is contingent upon future financial and strategic performance.