⚡ Flash Summary
KAPCO’s 29th Annual General Meeting (AGM) resolutions reveal key decisions regarding dividends and auditor appointments. The company approved a final cash dividend of Rs. 2.50 per ordinary share for the financial year ended June 30, 2025, in addition to an already paid interim cash dividend of Rs. 4.50 per share. A.F. Ferguson & Co. has been re-appointed as the external auditor for the year ending June 30, 2026. These decisions signal continued profitability and commitment to shareholder returns.
📌 Key Takeaways
- ✅ AGM resolutions confirm the company’s decisions.
- 📅 Meeting held on October 24, 2025.
- 💰 Final cash dividend of Rs. 2.50 per share approved.
- 💵 Interim cash dividend of Rs. 4.50 per share already paid.
- 🧾 Dividends relate to the financial year ended June 30, 2025.
- 🏢 Shareholders on the register by October 17, 2025, are eligible for the final dividend.
- 🧑💼 A. F. Ferguson & Co. re-appointed as external auditors.
- 🗓️ Auditors appointed for the year ending June 30, 2026.
- 🤝 Audit fee to be mutually agreed upon.
- ✔️ Minutes of the 13th Extraordinary General Meeting confirmed.
- 📰 Annual Audited Accounts adopted.
- 🏦 Ordinary share par value is Rs. 10.
🎯 Investment Thesis
Based on the AGM resolutions, a HOLD recommendation is appropriate for KAPCO. The consistent dividend payouts are attractive, but the inherent risks in the power sector, along with regulatory uncertainties, limit significant upside potential. A price target can be established with a time horizon of one year, based on projected earnings and sustainable dividend yield. Further analysis is needed before considering a BUY rating.
Disclaimer: AI-generated analysis. Not financial advice.