⏸️ LSEVL: HOLD Signal (5/10) – Resolutions Passed by the Shareholders in the Annual General Meeting

📌 Key Takeaways

• ✅ Confirmed minutes of the Extraordinary General Meeting (EOGM) held on August 16, 2025.
• 📊 Adopted Annual Audited Financial Statements for the year ended June 30, 2025.
• 💰 Declared a final cash dividend of Rs. 0.50 per share for the year ended June 30, 2025.
• 🧑‍⚖️ Appointed M/s. Ilyas Saeed & Co. as external auditors for the year ending June 30, 2026 at the same remuneration as the previous auditors.
• 📜 Approved changes to the Memorandum/Articles of Association to enable optional payout arrangements.
• 💸 Authorized the issuance of bonus shares from any reserve, as per the Companies Regulations, 2020.
• 🤝 Implemented an optional payout structure where shareholders can choose between cash dividend or equity dividend (bonus shares).
• 🚫 Clarified that no dividend shall be paid otherwise than out of profits or undistributable profits; bonus shares can be paid from any reserves including capital reserves.
• 💸 Fixed the upper limit of investments/financing with associated companies/related parties at PKR 600 Mn.
• 📈 Set the minimum rate for advance/financing/loans to associated companies at six (6) months KIBOR+1%.
• ✅ Approved transactions with associated companies/related parties for the financial year ending June 30, 2026.
• 🤝 Ratified that all transactions with associated companies / related parties shall be placed before the shareholders for ratification in the subsequent general body meetings.
• 🧾 Ratified the related party transactions as provided in the relevant notes of the accounts for the period ended June 30, 2025.
• 💸 Approved payment of an annual equity management fee at 2% of the company’s paid-up capital to LSE Capital Limited.
• ✅ Ratified the termination of the Mutual Buy Out Agreement as of June 30, 2025.

🎯 Investment Thesis

Based on the information provided, a HOLD recommendation is appropriate. The company is distributing dividends and approving related party transactions within defined limits. More information about the company’s financial performance is needed to make a BUY or SELL recommendation. Price target cannot be defined due to lack of financial information. Time horizon: MEDIUM_TERM until further financial details are available.