⚡ Flash Summary

First Credit and Investment Bank Limited (FCIBL) held its 36th Annual General Meeting on October 4, 2025. Shareholders approved and adopted the audited financial statements for the year ended June 30, 2025. M/s. Muniff Ziauddin & Co., Chartered Accountants, were reappointed as statutory auditors for the year ending June 30, 2025. The auditor’s fee is set at Rs. 950,000 plus applicable taxes and actual out-of-pocket expenses not exceeding 10% of the fee.

📌 Key Takeaways

• 🗓️ FCIBL’s 36th Annual General Meeting (AGM) took place on October 4, 2025.
• ✅ Audited financial statements for the year ending June 30, 2025, were approved.
• 👍 The approval included the Directors’ Report, Chairman Review, and Auditors’ reports.
• 📜 Compliance with Public Sector Companies (Corporate Governance) Rules 2013 was confirmed.
• 🏢 Compliance with Listed Companies (Code of Corporate Governance) Regulations 2019 was also affirmed.
• 👨‍💼 M/s. Muniff Ziauddin & Co. were reappointed as statutory auditors.
• ✔️ The auditor reappointment is for the year ending June 30, 2025.
• 💰 The auditor’s fee is Rs. 950,000.
• Tax Applicable taxes are to be added to the auditor’s fee.
• 💸 Out-of-pocket expenses are capped at 10% of the fee.
• 🏦 The resolutions were passed as per clause 5.6.9(b) of the Pakistan Stock Exchange Rule Book.

🎯 Investment Thesis

Given the limited information available in this announcement, a HOLD recommendation is appropriate. The approval of financial statements and the appointment of auditors are standard corporate procedures, but without detailed financial information, it’s not possible to form a buy or sell opinion. More information would be needed to make an informed investment decision.