⚡ Flash Summary

Beco Steel Limited will hold its Annual General Meeting on October 28, 2025, to conduct routine business including approving the financial statements for the year ended June 30, 2025, and appointing external auditors for the financial year ending June 30, 2026. A key item on the agenda is a special resolution to subdivide the company’s share capital, decreasing the face value of each share from Rs. 10 to Rs. 1. Additionally, the authorized share capital will be increased from Rs. 1,500,000,000 to Rs. 3,000,000,000. Shareholders are also asked to ratify related party transactions and authorize the board to approve such transactions for the upcoming fiscal year.

📌 Key Takeaways

• 📅 Annual General Meeting (AGM) scheduled for October 28, 2025.
• 📍 AGM to be held at Executive Board Room, Royal Palm Golf and Country Club, Lahore.
• ✅ Agenda includes confirming minutes of the previous AGM held on November 27, 2024.
• 🧾 Approval of Annual Audited Accounts for the year ended June 30, 2025, is on the agenda.
• 👨‍💼 M/s Malik Haroon Ahmad & Co. recommended as external auditors for the financial year 2025-26.
• ➗ Share subdivision proposed: Face value decreasing from Rs. 10 to Rs. 1 per share.
• ⬆️ Authorized Share Capital to increase from Rs. 1,500,000,000 to Rs. 3,000,000,000.
• 🤝 Related party transactions for the year ended June 30, 2025, to be ratified and approved.
• 🏦 Board authorized to approve related party transactions for the year ending June 30, 2026.
• 📵 Share Transfer Books to be closed from October 21, 2025, to October 28, 2025.
• 💻 E-voting facility available; details to be shared via email by October 22, 2025.
• ✉️ Postal ballot option available; ballot to reach Chairman by October 27, 2025.
• 🌐 AGM notice and annual report available on www.becosteel.com.
• 🏦 Shareholders requested to provide IBAN details for unclaimed e-dividends.

🎯 Investment Thesis

Based on the announcement, a HOLD recommendation is appropriate. While the share split may improve liquidity and accessibility, it does not alter the fundamental value. Further financial analysis and earnings reports are required to make a more informed decision. Price target will depend on future earnings and growth prospects.