⚡ Flash Summary
The announcement pertains to the resolutions passed during Chenab Limited’s Annual General Meeting (AGM) held on November 21, 2025. Key resolutions included the confirmation of the minutes from the previous extraordinary general meeting on January 28, 2025, and the approval of the annual audited accounts for the year ended June 30, 2025. The AGM also addressed the appointment of auditors for the financial years 2025-2026, re-appointing RSM Avais Hyder Liaquat Nauman, Chartered Accountants, with the CEO authorized to determine their remuneration.
📌 Key Takeaways
- 🗓️ The Annual General Meeting (AGM) of Chenab Limited was held on November 21, 2025.
- ✅ Minutes of the Extra Ordinary General Meeting held on January 28, 2025, were confirmed and adopted.
- 🧾 Annual audited accounts for the year ended June 30, 2025, were approved.
- 🤝 Directors’ and Auditors’ reports were adopted and approved unanimously.
- 👨💼 RSM Avais Hyder Liaquat Nauman, Chartered Accountants, were re-appointed as external auditors for 2025-2026.
- 💼 The CEO is authorized to fix the remuneration of the auditors.
- 🇵🇰 The meeting was held at the registered office in Nishatabad, Faisalabad, Pakistan.
- 📜 Complies with Regulation No.5.6.9(b) of the Pakistan Stock Exchange Rule Book.
- ✉️ The resolutions are submitted for circulation amongst the TRE Certificate Holders.
- 🏢 Muhammad Arshad, Company Secretary, signed the certified copy.
🎯 Investment Thesis
Based on the available information, a HOLD recommendation is appropriate. The announcement confirms procedural matters related to the AGM and the appointment of auditors but does not provide sufficient financial information to make an informed investment decision. A more detailed analysis of the company’s financial performance and future prospects would be necessary to form a strong BUY or SELL recommendation. Price target cannot be reliably estimated without further financial data.
Disclaimer: AI-generated analysis. Not financial advice.