⚡ Flash Summary

Gammon Pakistan Limited is facing an issue with filing the intimation of the date and time for holding its Annual General Meeting (AGM) on the PSX portal. The portal is displaying an error message indicating an invalid year-end. The company had previously received a 30-day extension from SECP for holding the AGM, which was communicated to the PSX. They are seeking assistance to resolve the error to proceed with the AGM scheduled for November 27, 2025.

📌 Key Takeaways

• ⚠️ Gammon Pakistan is experiencing technical difficulties in intimating the AGM date on the PSX portal.
• 🗓️ The error message cites an ‘invalid year end 2025-11-27’.
• ✅ SECP had granted a 30-day extension for holding the AGM, approved on 2025-09-26.
• 📢 The extension was previously announced on the PSX portal on September 29, 2025.
• 🤔 The error may be related to the approved extension period.
• 📅 The AGM is scheduled for November 27, 2025, at 11:00 am in Rawalpindi.
• 📧 Gammon Pakistan is requesting support from PSX and SECP to resolve the portal error.
• 👨‍💼 Ghulam Murtaza Khurshid, Chief Financial Officer, is the point of contact.
• 🔗 An email was sent to compliance@psx.com.pk, info@psx.com.pk, it.ss@psx.com.pk, and webmaster@secp.gov.pk.
• ✉️ SECP approval document and screenshot of the error on the PSX portal are attached.
• 🤝 A follow-up email was sent by Hafiz Maqsood Munshi from PSX to circulate the issue through PUCARS.
• 🌐 The communication highlights a potential system issue within the PSX portal’s validation process.

🎯 Investment Thesis

Given the lack of financial impact and the technical nature of the issue, a HOLD recommendation is appropriate. The company has already sought regulatory approval for an extension, and the issue appears to be system-related rather than fundamental to Gammon Pakistan’s operations. Further updates will be needed to reassess.