⚡ Flash Summary
First Capital Securities Corporation Limited held its 32nd Annual General Meeting on October 28, 2025. Shareholders approved the minutes of the Extraordinary General Meeting held on September 24, 2025. They also adopted the audited financial statements for the year ended June 30, 2025, along with the Chairman’s Review, Directors’ Report, and Auditors’ reports. Additionally, Malik Haroon Ahmad & Co., Chartered Accountants, were appointed as auditors for the year ending June 30, 2026, and seven directors were elected for a three-year term commencing October 28, 2025.
📌 Key Takeaways
- 🗓️ AGM held on October 28, 2025.
- ✅ Minutes of Extraordinary General Meeting on September 24, 2025, approved.
- 💰 Audited financial statements for the year ended June 30, 2025, adopted.
- 👨💼 Malik Haroon Ahmad & Co. appointed as auditors for the year ending June 30, 2026.
- 🏢 Auditors will hold office until the conclusion of the next AGM in FY2026 unless they resign.
- 🤝 Chief Executive authorized to negotiate and fix auditors’ remuneration.
- 🗳️ Seven directors elected for a three-year term starting October 28, 2025, as per Section 159(1) of the Companies Act, 2017.
- 👩💼 Mrs. Aamna Taseer elected as Director.
- 👨💼 Mr. Shahbaz Ali Taseer elected as Director.
- 👨💼 Mr. Shehryar Ali Taseer elected as Director.
- 👩💼 Miss. Shehrbano Taseer elected as Director.
- 👨💼 Mr. Umair Fakhar Alam elected as Director.
- 👨💼 Mr. Haider Sajjad (Independent Director) elected.
- 👨💼 Mr. Waqar Nisar (Independent Director) elected.
🎯 Investment Thesis
Without access to financial performance metrics, a recommendation is hard. The announcement indicates standard corporate governance activities. A HOLD recommendation is appropriate until further financials come out.
Disclaimer: AI-generated analysis. Not financial advice.