⚡ Flash Summary

Hinopak Motors Limited has announced the election of directors under Section 159(4) of the Companies Act 2017. An Extraordinary General Meeting is scheduled for November 26, 2025, to elect directors. Seven candidates have filed their intention to offer themselves for election. Since the number of candidates equals the fixed number of directors, they shall be deemed elected.

📌 Key Takeaways

• 📅 Election of Directors announced under Section 159(4) of the Companies Act 2017.
• 🏢 Extraordinary General Meeting scheduled for Wednesday, November 26, 2025, at 10:00 a.m. at the registered office.
• 📍 Registered office located at D-2, S.I.T.E., Manghopir Road, Karachi.
• 👤 Seven candidates have filed their intention to offer themselves for election.
• 1️⃣ Mr. Muhammad Aslam Sanjrani is a candidate.
• 2️⃣ Mr. Takayuki Kizawa is a candidate.
• 3️⃣ Mr. Ryota Hatakeyama is a candidate.
• 4️⃣ Ms. Nargis Ali Akbar Ghaloo is a candidate.
• 5️⃣ Mr. Mushtaq Malik is a candidate.
• 6️⃣ Mr. Masato Uchida is a candidate.
• 7️⃣ Mr. Takuji Umemura is a candidate.
• ✅ Candidates shall be deemed to be elected since the number of persons to be elected is not more than the number fixed under section 159(1) of the Companies Act, 2017.
• 📰 Notice will be published in Daily Business Recorder and Daily Nawa-i-Waqt on November 19, 2025.
• ✉️ Muhammad Zahid Hasan, Company Secretary, is the contact person.
• 🌐 Further information available at www.hinopak.com

🎯 Investment Thesis

HOLD. The announcement is procedural and doesn’t immediately impact investment decisions. Continued monitoring of Hinopak’s financial performance and strategic direction is necessary before changing the recommendation. The election of directors, while important for governance, doesn’t alter the fundamental investment thesis.