⚡ Flash Summary

LSE Capital Limited (LSECL) has announced the notice of its Annual General Meeting (AGM) to be held on November 27, 2025. The meeting will address ordinary business, including the confirmation of the minutes from the previous AGM and the adoption of the audited financial statements for the year ended June 30, 2025. Special resolutions will be considered, such as a stock split reducing the par value of shares from Rs. 10.00 to Rs. 5.00, offering an optional payout structure to shareholders, and approving transactions with associated companies.

📌 Key Takeaways

• 🗓️ LSECL’s AGM is scheduled for November 27, 2025, at 09:00 a.m.
• 🏢 The AGM will be held at the registered office and via video conferencing.
• ✅ Minutes of the AGM held on November 27, 2024, will be confirmed.
• 📊 Audited financial statements for the year ended June 30, 2025, will be adopted.
• 👨‍💼 External Auditors will be appointed for the year ending June 30, 2026.
• ✂️ A stock split is proposed, reducing par value from Rs. 10.00 to Rs. 5.00 per share.
• ➗ The authorized capital will be divided into 400,000,000 ordinary shares of Rs. 5/- each.
• 💸 An optional payout structure will allow shareholders to choose between cash dividend or equity dividend (bonus shares).
• 🏦 The Board will determine the price and procedure for optional bonus shares.
• 🤝 Investment/financing with associated companies is capped at PKR 600 Mn.
• 💹 Transactions with associated companies will be ratified by shareholders in subsequent meetings.
• 🧾 Related party transactions for the period ended June 30, 2025, will be approved.
• 👩‍💼 The Company Secretary is authorized to implement all special resolutions.
• 🌐 The notice is available on the company’s website (http://www.lse.com.pk).

🎯 Investment Thesis

Given the limited information, a HOLD recommendation is appropriate. While the stock split may improve liquidity, the lack of current financial data and the presence of related-party transactions warrant caution. A more informed decision can be made after reviewing the audited financial statements to be presented at the AGM. The price target and time horizon will be based on the financial performance and market conditions after the AGM.