⚡ Flash Summary

Chenab Limited has applied for an extension to hold its Annual General Meeting (AGM) for the financial year ended June 30, 2025. The application, filed with the Securities and Exchange Commission of Pakistan (SECP), requests a 30-day extension, moving the deadline to November 27, 2025. The delay is attributed to the non-completion of financial statements due to unresolved matters impacting management’s going concern assessment. The company expects audited accounts to be available by the second week of October 2025.

📌 Key Takeaways

• 📅 Chenab Limited applied for an extension to hold its AGM for the year ended June 30, 2025.
• 📝 The application was filed with SECP under Letter No. CL/141/25 dated 09-10-2025.
• 🕒 The company seeks a 30-day extension, moving the AGM deadline to November 27, 2025.
• 🏢 The registered office of Chenab Limited is located in Nishatabad, Faisalabad.
• 🧾 The delay is due to non-completion of financial statements.
• 🤔 Unresolved matters impact management’s assessment of going concern assumptions.
• ✅ Audited accounts are expected to be available by the second week of October 2025.
• 💸 A challan of Rs. 15,025/- was paid for the AGM extension fee.
• ✉️ RSM Avais Hyder Liaquat Nauman expects to complete the audit within a week after receiving management’s assessment of going concern.
• 📜 The application includes an affidavit from the Company Secretary, Muhammad Arshad.
• 🔍 Section 132 read with Section 223 & 237 of Companies Act, 2017 is cited in the extension application.
• 📢 The company will inform the exchange upon receiving permission from SECP.
• 🤝 Cooperation and support are requested from SECP for granting the extension.
• ✉️ The extension application also includes a letter from the company’s external auditors.

🎯 Investment Thesis

HOLD. Given the lack of specific financial data, combined with the uncertainty surrounding the delay in finalizing financial statements, a Hold recommendation is appropriate. Further information is needed before making a more definitive investment decision.