⚡ Flash Summary

Jahangir Siddiqui & Co. Ltd. (JSCL) has announced an Extraordinary General Meeting (EOGM) to be held on November 25, 2025, in Islamabad. The primary agenda is the election of seven directors for a three-year term, as mandated by the Companies Act, 2017. Retiring directors are eligible for re-election, and the company has detailed procedures for those interested in contesting the election. Shareholders are encouraged to participate, either in person, through proxy, or via video-link, and the company has provided necessary instructions for each mode of participation.

📌 Key Takeaways

• 🗓️ EOGM scheduled for November 25, 2025, in Islamabad.
• 🗳️ Election of seven directors for a three-year term is the main agenda.
• 📜 Election is in compliance with Section 159(1) of the Companies Act, 2017.
• 🔄 Retiring directors are eligible to offer themselves for re-election.
• 🏢 Meeting to be held at ISE Auditorium, ISE Towers, Islamabad at 11:30 AM.
• ✍️ Procedures outlined for individuals seeking to contest the election of directors.
• ❌ Share transfer books will be closed from November 18, 2025 to November 25, 2025.
• 🤝 Shareholders can attend in person, through proxy, or via video-link.
• 🆔 Identification via original CNIC or Passport is required for physical attendance.
• 🖥️ Video-link participation requires prior registration by November 22, 2025.
• ✉️ Proxies must be received at the Head Office at least 48 hours before the meeting.
• 🌐 Notice of EOGM and proxy form available on the company’s website: www.js.com.
• 🚫 No gifts, cash, or vouchers will be distributed at the EOGM, complying with SECP directives.
• 📢 Shareholders are requested to update their contact information with the Share Registrar.
• 🏦 Physical shares should be converted into book-entry form as per SECP guidelines.

🎯 Investment Thesis

Given the nature of the announcement (election of directors), a HOLD recommendation is appropriate. Investors should monitor the governance practices of JSCL and the composition of the board to ensure alignment with shareholder interests and strategic objectives.