⚡ Flash Summary
Mitchell’s Fruit Farms Limited is holding an Extraordinary General Meeting (EOGM) on December 8, 2025, to elect eight directors for the next three-year term, as mandated by Section 162 of the Companies Act 2017. The meeting will take place at the company’s registered Head Office in Lahore. Shareholders can attend physically or via video link, and those holding at least 10% of the paid-up capital can request video-link facilities. The company has designated Crowe Hussain Chaudhury & Co. as the scrutinizer for e-voting or postal ballot if the number of candidates exceeds the available director positions.
📌 Key Takeaways
- 🗓️ EOGM scheduled for December 8, 2025, at 11:00 am PST.
- 🏢 Location: Mitchell’s Head Office, 72 F.C.C. Gulberg IV, Lahore.
- 🗳️ Elect eight directors for a 3-year term per Section 162 of Companies Act 2017.
- 📜 Approval of minutes from the last AGM on October 14, 2025, is also on the agenda.
- 🚫 Share transfer books closed from December 1-8, 2025.
- 🤝 Members can appoint proxies, with necessary documents due 48 hours before the meeting.
- 💻 Video conference facility available for members holding 10% of paid-up capital.
- 📱 Members can attend via video link using smartphones/tablets/laptops with prior registration.
- 📧 Registration for video link participation requires CNIC/Passport copy via anum.ali@mitchells.com.pk.
- ⏰ Video link login opens at 10:45 am on December 8, 2025.
- ✉️ Members should update address changes promptly.
- 🏦 Encouragement to convert physical shares into book-entry form.
- 💰 Shareholders to contact registrar for unclaimed dividends/shares.
- ✉️ E-voting/postal ballot may be used if candidates exceed director positions.
- 🔍 Crowe Hussain Chaudhury & Co. is the scrutinizer for voting.
- 🚫 No gifts or incentives will be distributed at the meeting.
🎯 Investment Thesis
Based solely on this EOGM announcement, a HOLD recommendation is appropriate. The information provided does not offer insight into the company’s financial performance or strategic direction, which are necessary for making a BUY or SELL decision. A neutral stance is warranted until further financial information is available. Given the lack of financial data, a price target cannot be established. The time horizon is indefinite until more information surfaces.
Disclaimer: AI-generated analysis. Not financial advice.