⏸️ ASTL: HOLD Signal (5/10) – Prior Intimation Regarding Publication of Postal Ballot Paper in Newspapers

📌 Key Takeaways

• 📅 ASTL’s Annual General Meeting (AGM) is scheduled for Tuesday, October 28, 2025.
• 📰 The Postal Ballot Paper will be published in two newspapers on Monday, October 20, 2025.
• 🇬🇧 One newspaper will be in English, and the other will be in Urdu.
• 🌐 Both newspapers will have nationwide circulation.
• 💻 E-voting facility will be available to eligible shareholders.
• 📜 The Postal Ballot Paper complies with Regulation 8 of the Companies (Postal Ballot) Regulations, 2018.
• 🏢 The e-voting adheres to Regulation 4 of the Companies (Postal Ballot) Regulations, 2018.
• ✉️ Shareholders can vote through post for special business at the AGM.
• 📍 The AGM will be held at the ICAP Auditorium in Karachi.
• 💼 ASTL is seeking approval to issue up to 40,000,000 ordinary shares.
• 💰 The face value of each new share is PKR 10.
• 🤝 The new shares will be issued to Mr. Shayan Akberali, an existing sponsor.
• 💸 The issue price is PKR 25 per share, including a premium of PKR 15.
• 📈 This issuance could constitute up to 13.47% of the existing paid-up capital.

🎯 Investment Thesis

Based on the information provided in this announcement, a HOLD recommendation is appropriate. The information is primarily procedural and does not provide sufficient information to alter the current investment strategy. The target price and time horizon will be re-evaluated once the AGM has been completed and the results of the vote for special resolution are known, as well as the plan for the new funds acquired from the issuance of stock.