⚡ Flash Summary

International Packaging Films Limited (IPAK) has announced the pre-publication of its Notice of Election of Directors. The election will take place at the 10th Annual General Meeting on October 23, 2025. Ten candidates have filed notices of their intention to stand for election as directors. Since the number of candidates equals the number of director positions, all candidates will be deemed elected.

📌 Key Takeaways

• 📢 IPAK announces pre-publication of Notice of Election of Directors.
• 📅 Election to be held on October 23, 2025, at 9:30 a.m.
• 🏢 Location: PSX Auditorium, Pakistan Stock Exchange Building, Karachi.
• 💼 10 candidates have filed notices for director election.
• 📜 Election pursuant to Section 159(4) of the Companies Act, 2017.
• ✅ Candidates include: Muhammed Amin, Naveed Godil, Saira Nasir, Saad Amanullah Khan, Sarfaraz Ahmed Rehman, Aftab Zahoor Raja, Arsalan Pirani, Fazal ul Rehman, Mushtaq Ali Tejani, and Taimoor Iqbal.
• ⚖️ As the number of candidates equals the number of director positions, all candidates are deemed elected.
• 🗓️ Term for elected directors starts on October 31, 2025.
• ✉️ Notice sent by Fahad Alam, Company Secretary.
• 🌐 www.ipak.com.pk is the company website.
• 📞 Contact numbers: +922134384044, +9234348046, +922134384048, +924235398166, +924235398167
• 📧 support@ipak.com.pk is the company’s support email.

🎯 Investment Thesis

HOLD. This announcement is purely procedural and does not provide sufficient information to warrant a change in investment stance. A comprehensive analysis of IPAK’s financials, market position, and strategic direction is necessary before making a BUY or SELL recommendation.