⚡ Flash Summary

Biafo Industries Ltd. held its 37th Annual General Meeting on October 23, 2025, where key resolutions were passed. The meeting approved the minutes of the previous AGM and the annual financial statements for the year ended June 30, 2025. A final cash dividend of Rs. 3.50 per share (35%) and an interim cash dividend of Rs. 1.50 per share (15%) were approved, totaling Rs. 5.00 per share (50%). Yousuf Adil, Chartered Accountants, were appointed as external auditors for the financial year 2025-26, and ten candidates were deemed elected as Directors of the Company.

📌 Key Takeaways

• ✅ Minutes of the 36th Annual General Meeting were unanimously approved.
• ✅ Annual Financial Statements for the year ended June 30, 2025, were approved.
• 💰 Final cash dividend of Rs. 3.50 per share (35%) approved.
• 💰 Interim cash dividend of Rs. 1.50 per share (15%) approved.
• 💰 Total cash dividend of Rs. 5.00 per share (50%) for the year ended June 30, 2025.
• 🧑‍💼 Yousuf Adil, Chartered Accountants, appointed as external auditors for 2025-26.
• 🏢 Board of Directors authorized to finalize auditor remuneration.
• 🗳️ Ten candidates deemed elected as Directors of the Company.
• 🧑‍💼 Ehsan Mani elected as Director.
• 🧑‍💼 Muhammad Zafar Khan elected as Director.
• 🧑‍💼 Ayesha Humayun Khan elected as Director.
• 🧑‍💼 Khwaja Ahmad Hosain elected as Director.
• 🧑‍💼 Yawar Ikram elected as Director.
• 🧑‍💼 Adnan Afridi elected as Director.

🎯 Investment Thesis

Based on the approval of a 50% cash dividend, a HOLD recommendation is appropriate. This signals a stable financial position but further analysis is needed to assess growth prospects. Price target will require a full financial model and industry analysis.