⚡ Flash Summary

Cordoba Logistics & Ventures Limited (CLVL) has announced its 39th Annual General Meeting (AGM) scheduled for October 28, 2025. The AGM will address the confirmation of the previous AGM’s minutes, the adoption of director and auditor reports with audited financial statements for the year ending June 30, 2025, and the appointment of auditors for the following year. Additionally, shareholders will consider special resolutions regarding the deferment of a loan repayment by Cordoba Financial Services Ltd., a subsidiary, and ratification of a corporate guarantee on behalf of the subsidiary.

📌 Key Takeaways

• 🗓️ CLVL’s 39th AGM will be held on October 28, 2025, at 11:00 am.
• 🏢 The AGM will take place at the Pakistan Stock Exchange Limited in Lahore, with video link arrangements.
• ✅ Agenda includes confirming minutes from the previous AGM held on October 28, 2024.
• 📰 Shareholders will review and adopt reports from directors and auditors for the fiscal year ending June 30, 2025.
• 🔗 The company’s annual report is available on the website at www.CordobaLV.com.
• 👩‍💼 M/s Parker Russell-A.J.S. Chartered Accountants are proposed for reappointment as external auditors.
• 💰 A special resolution involves deferring the loan repayment by Cordoba Financial Services Ltd. until December 31, 2026.
• 🏦 The loan modification pertains to a Loan Agreement dated September 28, 2023, as amended on August 27, 2024.
• 📅 Deferred payment of markup and related liabilities will commence from January 1, 2027, with an option for early payment.
• 🛡️ Another resolution seeks ratification of a corporate guarantee on behalf of CFS up to PKR 1,000,000,000.
• 🗳️ Members can vote through e-voting or postal ballot, adhering to Companies Act, 2017 regulations.
• ✉️ E-voting details will be shared via email with members who have registered email addresses and cell numbers.
• 🕒 Online voting is open from October 23, 2025, 9:00 AM to October 27, 2025, 5:00 PM.
• 📝 Postal ballot papers are available on the company’s website for members opting for postal voting.

🎯 Investment Thesis

Given the limited information and the potential financial strain on the subsidiary, a HOLD recommendation is appropriate. Further financial data and performance metrics are needed to reassess the investment thesis. Price target will be determined after Q4 earnings release and management future guidance.