⚡ Flash Summary

Tariq Glass Industries Ltd. held its 47th Annual General Meeting on October 28, 2025, where key resolutions were passed. The audited financial statements for the year ending June 30, 2025, were approved. Crowe Hussain Chaudhury & Co. were re-appointed as statutory auditors for the year ending June 30, 2026, with a potential increase in audit fees. The company also received approval to renew its investment of up to PKR 1,000,000,000 in Baluchistan Glass Limited.

📌 Key Takeaways

• 🗓️ AGM held on October 28, 2025.
• ✔️ Audited Financial Statements for the year ended June 30, 2025 approved.
• 🤝 Crowe Hussain Chaudhury & Co. re-appointed as statutory auditors.
• 💰 Maximum 10% increase in audit fee approved for the statutory auditors.
• 🔄 PKR 1,000,000,000 investment renewal in Baluchistan Glass Limited approved.
• 💼 Investment in the form of Short-Term Loan/Advance/Running Finance.
• ⏳ Loan period: Further period of one year.
• 📈 Return on loan: Average Borrowing Cost of TGL + 1% OR 3MK + 1.50% (whichever is higher).
• 📜 Resolutions passed in accordance with Clause 5.6.9 (b) of PSX Rule Book.
• 🏢 Registered office located at 128-J, Model Town, Lahore.

🎯 Investment Thesis

Based on this announcement, a HOLD recommendation is appropriate. The announcement primarily concerns procedural matters and the continuation of existing financial arrangements. Without detailed financial performance data, it is difficult to assess the potential for significant upside or downside. A price target cannot be accurately determined without analyzing the financial statements. More information is needed before adjusting our recommendation. The time horizon is medium-term, pending further data.