⚡ Flash Summary

Sitara Peroxide Limited (SPL) will hold its Annual General Meeting (AGM) on November 27, 2025, to approve the audited financial statements for the year ended June 30, 2025. Shareholders will vote to appoint auditors for the year ending June 30, 2026, with the current auditors, M/s. RSM Avais Hyder Liaquat Nauman, being eligible for reappointment. The meeting will also facilitate the election of seven directors for a three-year term commencing from the same date. The share transfer book will be closed from November 21, 2025, to November 27, 2025, to determine voting rights.

📌 Key Takeaways

• 🗓️ The AGM is scheduled for November 27, 2025, at 4:00 pm at the Institute of Chartered Accountants of Pakistan, Karachi.
• ✅ The primary agenda includes the adoption of the annual audited financial statements for the year ended June 30, 2025.
• 👨‍💼 M/s. RSM Avais Hyder Liaquat Nauman are proposed for reappointment as auditors for the year ending June 30, 2026.
• 🗳️ Seven directors will be elected for a three-year term starting from November 27, 2025, as per Section 159 of the Companies Act, 2017.
• 🛑 The share transfer book will be closed from November 21, 2025, to November 27, 2025, inclusive, for voting rights determination.
• 🏢 Transfers received by November 20, 2025, at M/s. THK Associates will be processed for meeting attendance.
• 📜 Individuals desiring to contest as directors must file a notice with the company as per Section 159(3) of the Act.
• 🌐 Detailed profiles of director candidates will be placed on the company’s website as per SRO 1196(I)/2019.
• ✔ Directors must be members of the company when filing their consent, except for representatives of non-natural persons.
• ✉️ The final list of contesting directors will be circulated seven days before the AGM, as per Section 159(4) of the Act.
• 💻 Shareholders can attend the AGM virtually by registering via election2025@sitaraperoxide.com.
• 🏦 Members holding 10% or more shareholding in a city can request video conference facility, subject to consent 7 days prior.
• 🔄 Shareholders are urged to convert physical shares into book-entry form for efficient handling and risk mitigation.
• 🆔 Shareholders must submit copies of their CNIC to the Share Registrar to avoid dividend withholding under Section 243 of the Act.
• 📧 Annual reports are sent electronically; hard copies require filling a request form available on www.sitaraperoxide.com.

🎯 Investment Thesis

Based on the AGM notice alone, a definitive BUY/SELL/HOLD recommendation cannot be made. The announcement is procedural and lacks the financial information necessary for substantive analysis. A HOLD recommendation is appropriate until the audited financial statements for the year ended June 30, 2025, are released and analyzed. Price target and time horizon will depend on the financial performance revealed in those statements and broader market conditions.