⏸️ GRYL: HOLD Signal (5/10) – Resolutions Passed at the Annual General Meeting of Grays Leasing Limited

📌 Key Takeaways

• ✅ The Annual General Meeting (AGM) of Grays Leasing Limited was successfully held on October 27, 2025.
• 👍 Audited Financial Statements for the year ending June 30, 2025, were approved.
• 📊 The report of Auditors and Directors was also adopted.
• 🤝 Riaz Ahmed & Company retired as the company’s auditors.
• 💼 HLB Ijaz Tabassum & Company appointed as new statutory auditors for the year ending June 30, 2026.
• 📜 Appointment based on recommendation from audit committee.
• 🔑 CEO and CFO authorized to negotiate and finalize auditor remuneration.
• 📅 Auditor remuneration negotiations pertain to the audit for the year ending June 30, 2026.
• 📄 All resolutions passed align with PSX Regulations clause 5.6.9(b).
• 🏢 The meeting took place at the company’s registered office in Lahore.
• ✉️ Official notice was given to the Pakistan Stock Exchange.
• ✔️ The resolutions indicate adherence to corporate governance standards.
• 🗓️ Continuity maintained in financial oversight with new auditor appointment for 2026.
• ⚖️ Legal and regulatory compliance confirmed via PSX regulations reference.

🎯 Investment Thesis

Given the limited information, maintaining a HOLD recommendation is appropriate. Without concrete financial metrics, there’s no basis to adjust the investment stance. The announcement signals routine corporate governance, not a catalyst for significant price movement. A price target and time horizon cannot be provided without fundamental financial analysis.