⚡ Flash Summary

Thal Limited’s 59th Annual General Meeting (AGM) approved the audited financial statements for the year ended June 30, 2025. A final cash dividend of Rs. 6.00 per share (120%) was declared, in addition to the previously paid interim dividend of Rs. 4.00 per share (80%). M/s A.F. Ferguson & Co were reappointed as external auditors with a remuneration of Rs. 6.5 million plus expenses. The meeting also elected the board of directors for a three-year term commencing on October 20, 2025.

📌 Key Takeaways

• ✅ AGM approved the audited financial statements for the year ended June 30, 2025.
• 💰 Final cash dividend of Rs. 6.00 per share (120%) declared for FY2025.
• 💵 Total dividend for FY2025 amounts to Rs. 10.00 per share (200%) including the interim dividend.
• 👨‍💼 M/s A.F. Ferguson & Co reappointed as external auditors.
• 🧾 Auditor remuneration set at Rs. 6.5 million plus out of pocket expenses annually.
• 🗓️ Board of directors elected for a three-year term starting October 20, 2025.
• 👤 Mohamedali R. Habib re-elected as a director.
• 👤 Imran Ali Habib re-elected as a director.
• 👤 Muhammad Salman Burney re-elected as a director.
• 👤 Shahid Malik re-elected as a director.
• 👤 Muhammad Tayyab Ahmad Tareen re-elected as a director.
• 👤 Tahira Raza re-elected as a director.
• 👤 Khayam Husain re-elected as a director.
• 🏢 Resolutions passed in accordance with the Rulebook of Pakistan Stock Exchange.
• 📅 AGM held on October 20, 2025 at 09:30 a.m.

🎯 Investment Thesis

Based on the information provided, a HOLD recommendation is appropriate. The company has demonstrated a commitment to shareholder value through dividend payouts and adherence to corporate governance standards. However, further analysis is needed to assess the company’s financial performance, growth prospects, and competitive position. A price target cannot be determined without a comprehensive valuation model and analysis of future cash flows. Time horizon: Medium Term.