⚡ Flash Summary

Metropolitan Steel Corporation Limited (MSCL) will hold its 70th Annual General Meeting (AGM) on October 25, 2025, to confirm minutes from the previous AGM, adopt audited accounts for the year ended June 30, 2025, and appoint an auditor for the year ending June 30, 2026. Share transfer books will be closed from October 19-25, 2025. Shareholders can attend physically or via video link, with registration required for the latter. No gifts will be distributed at the AGM, complying with regulatory requirements.

📌 Key Takeaways

• 🗓️ MSCL’s 70th AGM is scheduled for October 25, 2025, at 10:00 a.m. at the company’s head office in Karachi.
• ✅ Agenda includes confirming minutes of the 69th AGM held on October 25, 2024.
• 💰 Shareholders will vote to receive and adopt the audited accounts for the fiscal year ended June 30, 2025.
• 🧑‍⚖️ An auditor will be appointed for the fiscal year ending June 30, 2026, and their remuneration will be determined.
• 🔒 Share transfer books will be closed from October 19, 2025, to October 25, 2025.
• 👤 Members can appoint a proxy to attend and vote on their behalf.
• ✉️ Proxy instruments must be received at the company’s registered office at least 48 hours before the meeting.
• 📱 CDC account holders must adhere to guidelines issued by the Securities Exchange Commission of Pakistan.
• 🆔 Attendees must present their original National Identity Card (NIC) or passport for verification.
• 🏢 Corporate entities must provide a Board of Directors resolution or power of attorney with specimen signatures.
• 💻 Shareholders can participate via video link by registering at corporate@msclwire.com.pk at least 48 hours prior.
• 🚫 No gifts will be distributed at the AGM, as per SRO 452 dated March 17, 2025.
• 🌐 Annual Audited Financial Statements are available on the company’s website.

🎯 Investment Thesis

Given the limited information in this announcement, a HOLD recommendation is appropriate. A more informed decision requires analyzing the detailed financial statements for the year ended June 30, 2025. Price target will depend on financial performance and future outlook, evaluated over a medium-term horizon.