⚡ Flash Summary
Arif Habib Corporation Limited (AHCL) held its 31st Annual General Meeting on October 24, 2025, where shareholders approved the annual audited financial statements for the year ended June 30, 2025. A final cash dividend of Re. 1 per share (100% of face value) was approved, as recommended by the Board of Directors. The meeting also saw the reappointment of A. F. Ferguson & Co. as external auditors for the year ending June 30, 2026. Special resolutions related to transactions with related parties were passed, and a fresh limit of additional investment of Rs. 1,000 Million was approved for REIT schemes managed by Arif Habib Dolmen REIT Management Ltd.
📌 Key Takeaways
- 🗓️ AGM held on October 24, 2025, at Stock Exchange Building, Karachi.
- ✅ Annual audited financial statements for the year ended June 30, 2025, were adopted.
- 🤝 Resolutions passed for special businesses related to related party transactions and investments.
- ✔️ Minutes of the Extra-Ordinary General Meeting held on September 22nd, 2025 were approved.
- 💰 Final Cash Dividend of Re. 1 per share (100% of face value) approved for the year ended June 30, 2025.
- 🏢 A. F. Ferguson & Co. reappointed as external auditors for the year ending June 30, 2026.
- ✍️ Board authorized to fix the remuneration of external auditors for the year ending June 30, 2026.
- 💼 Transactions with related parties approved as disclosed in the audited financial statements for the year ended June 30, 2025.
- 🏦 Board authorized to approve related party transactions for the financial year ending June 30, 2026.
- 💸 Rs. 1,000 Million fresh limit approved for REIT Schemes managed by Arif Habib Dolmen REIT Management Ltd.
- 🔄 Renewal of unutilized equity investment limits in associated companies approved.
- 🏢 Unutilized equity portion of PKR 2,059 million for Javedan Corporation Ltd.
- 🏢 Unutilized equity portion of PKR 500 million for Arif Habib Ltd.
- 🏢 Unutilized equity portion of PKR 2,800 million for Fatima Fertilizer Company Ltd.
- Authorization granted to Chief Executive and/or directors for necessary actions related to the resolutions.
🎯 Investment Thesis
Based on the limited information, a HOLD recommendation is appropriate. The dividend approval is positive, but more comprehensive financial analysis is needed. A price target and time horizon cannot be accurately determined without further information on the company’s financial performance and future prospects. The company’s involvement in REIT schemes and associated companies requires careful evaluation of their potential impact on overall performance.
Disclaimer: AI-generated analysis. Not financial advice.