⚡ Flash Summary

The Pakistan Credit Rating Agency (PACRA) held its 31st Annual General Meeting (AGM) on October 28, 2025, where shareholders approved and adopted the annual audited standalone and consolidated financial statements for the year ended June 30, 2025. They also re-appointed BDO Ebrahim & Co. as the statutory auditors for the year ending June 30, 2026. The shareholders ratified transactions conducted with related parties for the year ended June 30, 2025 and authorized the Board of Directors to approve related party transactions for the financial year ending June 30, 2026. Furthermore, the company is authorized to circulate its Annual Report to its members through QR enabled code and weblink.

📌 Key Takeaways

• ✅ Shareholders approved the Annual Audited Standalone and Consolidated Financial Statements for the year ended June 30, 2025.
• 🤝 BDO Ebrahim & Co. was re-appointed as the Statutory Auditors for the year ending June 30, 2026.
• 💰 Auditor remuneration for 2025-2026 will be fixed and approved by the Board of Directors.
• 🤝 Transactions with Related Parties for the year ended June 30, 2025, were ratified and approved.
• ⭐ The Board of Directors is authorized to approve transactions with related parties for the financial year ending June 30, 2026.
• 📄 Transactions approved by the Board will be placed before the shareholders in the next AGM for formal ratification/approval.
• 🌐 The company is authorized to circulate its Annual Report to its members through QR enabled code and weblink.
• 🗓️ The 31st AGM was held on October 28, 2025.
• 🏢 The AGM took place at FB-1, Awami Complex, Usman Block, New Garden Town, Lahore.
• 📜 Resolutions were passed in accordance with Regulation No. 5.6.9 (b) of the Rule Book of Pakistan Stock Exchange Limited.
• 🏦 The company is The Pakistan Credit Rating Agency Limited.
• 🤝 Related party transactions disclosed in Note 36 were ratified.
• ✅ All reports, including the Chairman’s Review, Directors’, and Auditors’ reports, were approved.

🎯 Investment Thesis

Given the lack of financial information, a HOLD recommendation is appropriate. Further information, specifically the annual report’s financial statements, is needed to form a more informed investment opinion. Until then, the procedural nature of the announcement doesn’t provide sufficient basis for a BUY or SELL recommendation.