⚡ Flash Summary

Al-Ghazi Tractors Limited (AGTL) held an Extraordinary General Meeting on November 4, 2025, where members approved resolutions, most notably the change of the company’s registered office from the Province of Sindh to the Province of Punjab. This move involves amending the Memorandum of Association and complying with relevant sections of the Companies Act, 2017. The resolutions were overwhelmingly approved, with over 99.99% of votes cast in favor. The Company Secretary is authorized to execute all necessary steps to implement these changes as directed by regulatory bodies.

📌 Key Takeaways

• 🗓️AGTL held an Extraordinary General Meeting on November 4, 2025.
• 🏢The primary resolution was to change the registered office location.
• 📍The office is moving from Sindh Province to Punjab Province.
• 📜This change necessitates amendments to the Memorandum of Association.
• ✅The resolution complies with Section 21 and Section 32 of the Companies Act, 2017.
• 🏢Specifically, the registered office changes from ‘Tractor House, Karachi’ to ‘Al-Ghazi Tractors Limited, Lahore’.
• ✍️Clause II of the Memorandum is being substituted to reflect the new location.
• 🔑The Company Secretary is authorized to execute all necessary actions.
• 💯A near-unanimous vote (99.9946%) approved the special resolution.
• 🗳️54,069,568 total votes were cast.
• 👍54,066,653 votes were in favor of the resolution.
• 👎2,915 votes were against the resolution.
• 🤝Ordinary business included confirming the minutes of the prior AGM on April 24, 2025.
• 🏢The meeting took place at Pearl Continental Hotel, Karachi

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. The change in registered office is an operational decision that doesn’t provide enough information to adjust financial forecasts or valuation models significantly. Further financial data and operational updates would be needed to reassess the investment thesis. There is no price target as this is an administrative action.