⚡ Flash Summary
Burshane LPG (Pakistan) Limited will hold its 59th Annual General Meeting (AGM) on November 27, 2025, to confirm the minutes of the previous meeting, consider and approve the annual audited financial statements, and appoint auditors for the financial year ending June 30, 2026. The meeting will occur at the Korangi Plant in Karachi, with transportation arranged from the head office. Shareholders can attend physically or virtually via Zoom, with registration required beforehand. The company also reminds shareholders about the mandatory electronic dividend payments and the conversion of physical shares into CDC accounts.
📌 Key Takeaways
- 📅 AGM scheduled for Thursday, November 27, 2025, at 11:30 A.M.
- 📍 Location: Korangi Plant (KP1), adjacent to Pakistan Refinery Limited, Karachi.
- 🚌 Transport facility arranged from Horizon Vista head office at 10:15 A.M.
- ✅ To confirm minutes of the 58th Annual General Meeting held on October 28, 2024.
- 📜 To approve annual audited financial statements and reports for the year ended June 30, 2025.
- 🧑💼 M/s. Clarkson Hyde Saud Ansari & Co. recommended as auditors for the year ending June 30, 2026.
- 💻 Shareholders can attend via Zoom by registering before November 25, 2025.
- 🆔 Shareholders must provide Name, CNIC Number, Folio/CDC Account Number, cell number, and email ID for registration.
- ✉️ Proxies must be appointed 48 hours before the meeting; attested CNIC copies required.
- 🏦 Members must notify changes in addresses to Share Registrar M/s. THK Associates (Pvt.) Limited.
- 💳 Submission of valid CNIC copies is mandatory for all members.
- 💸 Dividend payments will be made electronically to shareholders’ bank accounts.
- 🔄 Shareholders are encouraged to convert physical shares into CDC accounts.
- 🎁 No gifts or giveaways will be offered at the AGM, adhering to SECP directives.
- 🚫 Unclaimed dividends for over three years will be deposited with the Federal Government, and shares with SECP.
🎯 Investment Thesis
Based on the limited information in this announcement, a HOLD recommendation is appropriate. The company is adhering to corporate governance standards by holding the AGM and complying with regulatory requirements. A price target and time horizon will be determined upon review of detailed financial statements.
Disclaimer: AI-generated analysis. Not financial advice.