⚡ Flash Summary
Chenab Limited (CHBL) has received an extension from the Securities and Exchange Commission of Pakistan (SECP) to file its first quarterly financial statements for the period ended September 30, 2025. The company applied for a 30-day extension, which was granted by the SECP in accordance with Section 237 of the Companies Act, 2017. CHBL now has until November 29, 2025, to submit its quarterly report. The SECP’s approval is contingent upon CHBL’s compliance with all relevant regulatory requirements.
📌 Key Takeaways
- 🗓️ CHBL sought an extension to file its Q1 2025 financial statements.
- ✅ SECP granted a 30-day extension as per Companies Act, 2017.
- ⏳ Original deadline was September 30, 2025.
- 🗓️ New deadline for filing is November 29, 2025.
- 📜 Extension granted under Section 237 of the Companies Act, 2017.
- 🏢 SECP’s approval is subject to CHBL’s compliance with regulations.
- 📍 Letter issued from SECP’s Securities Market Division.
- ✍️ Rida Khurram Mughal, Management Executive, signed the letter.
- ✉️ Letter dated November 7, 2025.
- 🏢 CHBL is located in Nishatabad, Faisalabad.
- 📞 CHBL contact number is 041-8752700.
- 🌐 SECP contact email: rida.mughal@secp.gov.pk.
🎯 Investment Thesis
HOLD. This announcement is purely administrative and does not alter the fundamental investment thesis for CHBL. While the extension itself is not concerning, investors should closely monitor CHBL’s ability to meet the extended deadline and analyze the subsequent financial statements for any underlying issues that may have contributed to the delay. A HOLD rating is maintained until further financial information becomes available.
Disclaimer: AI-generated analysis. Not financial advice.