⚡ Flash Summary

International Industries Ltd. (INIL) announced the re-appointment of Mr. Kamal A. Chinoy as Chairman of the Board of Directors and Mr. Yousuf H. Mirza as the Chief Executive Officer (CEO). Mr. Mirza’s re-appointment is for a term of three (3) years. These appointments ensure leadership continuity at the company.

📌 Key Takeaways

• 🗓️ Effective immediately, Mr. Kamal A. Chinoy is re-appointed as Chairman.
• 🤝 Leadership continuity is ensured with the re-appointment.
• 💼 Mr. Yousuf H. Mirza is re-appointed as CEO.
• ⏳ Mr. Mirza’s term is for three (3) years.
• 📜 The re-appointment complies with Section 187(1) of the Companies Act, 2017.
• 📢 TRE Certificate Holders of the Exchange have been notified.
• 🏢 The announcement was made by M. Irfan Bhatti, Company Secretary & Head of Legal Affairs.
• 🏭 International Industries Ltd. maintains its registered office at 10 Beaumont Road, Karachi.
• 📧 Inquiries can be directed to inquiries@iil.com.pk.
• 📞 Contact can be made at +92 21 111 019 019.
• 🌐 Further information is available at iil.com.pk.

🎯 Investment Thesis

Given the re-appointment announcement only indicates leadership continuity and does not provide information on financial performance or strategic shifts, a HOLD recommendation is appropriate. Further analysis of INIL’s financial results, market conditions, and strategic direction is needed to make a more informed investment decision. A price target cannot be determined based on this announcement alone. The time horizon remains undefined until the aforementioned analysis is completed.