⚡ Flash Summary

Fast Cables Limited held its 17th Annual General Meeting on October 27, 2025, where shareholders unanimously passed resolutions. Key decisions included approving the minutes of the previous AGM, adopting the audited accounts for the year ended June 30, 2025, and approving a final cash dividend of 5% (Rs. 0.50 per share) along with bonus shares at a rate of 2.5%. The meeting also saw the appointment of Crowe Hussain Chaudhary and Company as auditors for the financial year ending June 30, 2026. Renewal of investment in associated companies was also approved.

📌 Key Takeaways

• ✅ Approved minutes of the 16th Annual General Meeting held on October 28, 2024.
• 📑 Adopted the Annual Audited Accounts for the year ended June 30, 2025.
• 💰 Approved a final cash dividend of 5% (Rs. 0.50 per share).
• 🎁 Approved bonus shares at a rate of 2.5% (25 shares for every 1000 shares held).
• 👨‍💼 Company Secretary or CFO authorized to execute dividend and bonus share issuance.
• 🧑‍⚖️ M/S Crowe Hussain Chaudhary and Company appointed as auditors for the year ending June 30, 2026.
• 🤝 CEO and CFO authorized to negotiate auditor remuneration.
• 🏢 Approved related party transactions as disclosed in Note 42 of the Financial Statements.
• 🏦 CEO and CFO authorized to approve transactions with associated companies until June 30, 2026.
• ✍️ CEO and CFO authorized to sign documents related to associated company transactions.
• 🔄 Renewed investment in associated companies, Barqtron-Fast (Private) Limited and BES-FCL-Mecons (Private) Limited, with loans of PKR 2,000 million each.
• 💼 Any Director/Chief Executive Officer empowered to make investment decisions for associated companies.

🎯 Investment Thesis

Based on the information provided, a HOLD recommendation seems appropriate. The dividend and bonus share issuance are positive signals, but the lack of comprehensive financial data limits the ability to perform a thorough valuation. Monitor future earnings releases and industry trends to reassess the investment potential. Additional data about earnings and sector growth needed to make a more informed decision.