⚡ Flash Summary

Fecto Cement Limited held its 44th Annual General Meeting on October 27, 2025, where several key resolutions were passed. These included the confirmation of the minutes from the previous AGM, adoption of the audited financial statements for the year ended June 30, 2025, and approval of a final cash dividend. Additionally, the shareholders approved the appointment of BDO Ebrahim & Co. as external auditors for the upcoming year. The most significant resolution was the approval to sell investment property near Islamabad Airport for PKR 398.8 million, which will likely improve the company’s cash position.

📌 Key Takeaways

• 📅 AGM held on October 27, 2025, at 12:00 PM in Karachi.
• ✅ Minutes of the last AGM held on October 28, 2024, were confirmed.
• 📊 Annual Audited Financial Statements for the year ended June 30, 2025, were adopted.
• 💰 Final cash dividend of PKR 2/- per share (20%) approved for shareholders.
• 🗓️ Dividend payable to shareholders registered as of October 16, 2025.
• 👨‍💼 BDO Ebrahim & Co. appointed as External Auditors for the year ending June 30, 2026.
• 🏢 Investment property sale near Islamabad Airport approved.
• 💸 Sale consideration: PKR 3,200,000 per kanal.
• 📏 Total land area for sale: 124.625 kanals.
• 🤝 Total sale proceeds expected: PKR 398,800,000.
• 📝 CEO, Executive Directors, CFO & Company Secretary authorized to finalize the disposal.
• 📜 Authorization includes negotiating & executing necessary documents.
• 💼 Board authorized to sub-delegate authorizations to board members or management.

🎯 Investment Thesis

Based on the information provided, a HOLD recommendation is appropriate. The approval of the dividend is a positive sign. The sale of the land near the airport is a one-time event that will generate cash. However, until more information is provided, I cannot issue a BUY recommendation.