⚡ Flash Summary

Altern Energy Ltd. held its 31st Annual General Meeting on October 27, 2025, where key resolutions were passed. The meeting addressed the confirmation of minutes from the last Extraordinary General Meeting held on April 17, 2025. The annual audited financial statements for the year ended June 30, 2025, along with the reports of directors and auditors, were received, considered, and adopted. Additionally, Grant Thornton Anjum Rahman & Co. were re-appointed as the statutory auditors for the year ending June 30, 2026.

📌 Key Takeaways

• ✅ Minutes of the previous Extraordinary General Meeting held on April 17, 2025, were confirmed.
• 👍 Annual Audited Financial Statements for the year ended June 30, 2025, were approved.
• 🏦 Directors’ and Auditors’ reports for FY2025 were adopted.
• 👩‍💼 Grant Thornton Anjum Rahman & Co. re-appointed as statutory auditors.
• 📅 Auditors will serve until the conclusion of the next AGM.
• 🤝 Auditor’s remuneration to be determined by the Board of Directors.
• 📜 Resolutions were passed in accordance with PSX Rule Book Regulation No. 5.6.9 (b).
• 🏢 AGM held at the Registered Office of the Company.
• 🕒 AGM commenced at 10:00 am on October 27, 2025.
• 🧑‍🤝‍🧑 Minutes of the meeting shared with members present.

🎯 Investment Thesis

Given the lack of financial information, a HOLD recommendation is appropriate. The announcement mainly covers procedural aspects of the AGM. Further analysis requires access to the approved financial statements for the year ended June 30, 2025. Without specific financial data, a price target cannot be established.