⚡ Flash Summary
First Capital Equities Limited (FCEL) has announced its 30th Annual General Meeting (AGM) to be held on October 28, 2025, in Lahore. Shareholders will review and approve the financial statements for the year ended June 30, 2025. They will also appoint auditors for the year ending June 30, 2026 and fix their remuneration. The company encourages shareholders with physical holdings to convert them into book-entry form.
📌 Key Takeaways
- 🗓️ AGM scheduled for October 28, 2025, at 11:00 a.m. in Lahore.
- ✅ Agenda includes confirming minutes of the previous AGM held on October 28, 2024.
- 🧾 Review and adoption of audited financial statements for the year ended June 30, 2025.
- 🧑⚖️ Appointment of auditors for the year ending June 30, 2026.
- 💵 Fixing the remuneration of the appointed auditors.
- 🎁 No gifts will be distributed during the general meeting.
- ⚠️ Shareholders are advised to follow meeting etiquettes as per SECP guidelines.
- 🌐 Annual report for the year ended June 30, 2025, is available on the company’s website.
- ⛔ The Members Register will be closed from October 21, 2025, to October 28, 2025.
- 🤝 A member entitled to attend and vote can appoint a proxy.
- 🆔 Individuals from CDC must bring original CNIC or Passport for identity verification.
- 🏦 Encouragement to convert physical shares into book-entry form.
- ✉️ Members should notify any changes in their registered addresses to the Share Registrar.
- 📑 Submission of CNIC copies is requested from members with physical shareholding.
- ✍️ Proxy forms must be deposited at least 48 hours before the meeting.
🎯 Investment Thesis
Given the lack of financial information, a neutral HOLD recommendation is appropriate. The announcement provides necessary information for shareholders regarding the AGM but offers no insights into the company’s financial health or future prospects. Further analysis is needed based on the financial statements.
Disclaimer: AI-generated analysis. Not financial advice.