⚡ Flash Summary

Jahangir Siddiqui & Co. Ltd. (JSCL) held an Extraordinary General Meeting (EGM) on November 25, 2025, where shareholders passed resolutions, most notably the election of directors. The newly elected board will serve a three-year term commencing from the date of the meeting. The elected directors include a mix of independent and executive members, signaling a balanced approach to corporate governance. This reconstitution of the board is a routine event and is not expected to have an immediate material impact on the company’s financials.

📌 Key Takeaways

• 🗓️ EGM held on November 25, 2025, in Islamabad.
• 🗳️ Election of directors was the primary agenda.
• 📜 Resolutions were passed via balloting.
• 👨‍⚖️ Justice (R) Agha Rafiq Ahmed Khan elected as Independent Director.
• 👨 Mr. Asad Nasir elected as Executive Director.
• 👨 Mr. Imran Haleem Shaikh elected as Non-Executive Director.
• 🎖️ Lt. Gen. (R) Javed Mahmood Bukhari elected as Independent Director.
• 👨 Mr. Naveed Khalid Chowdhry elected as Independent Director.
• 👩 Ms. Samar Ali Shahid elected as Independent Director.
• 👨 Mr. Shahid Hussain Jatoi elected as Non-Executive Director.
• 📅 Directors’ term commences from November 25, 2025.
• 🕒 Directors’ term is for three years.
• 🏢 Muhammad Babar Din is the Company Secretary.

🎯 Investment Thesis

HOLD. The election of directors is a routine corporate governance event and does not provide a basis for changing the investment recommendation. Maintain a HOLD stance pending further information on the strategic direction and financial performance under the new board.