⚡ Flash Summary

Nishat Chunian Power Limited (NCPL) has announced the Annual General Meeting (AGM) to be held on October 27, 2025, in Lahore. The meeting will cover the approval of the audited financial statements for the year ended June 30, 2025, ratification of a 70% interim dividend (Rs. 7.00 per share), and appointment of statutory auditors for 2025-26. Shareholders are encouraged to attend, with instructions provided for physical attendance, proxy appointments, and video link participation. The company has electronically transmitted the AGM notice and annual report and offers hard copies upon request.

📌 Key Takeaways

• 🗓️ The Annual General Meeting (AGM) will be held on October 27, 2025 (Monday) at 12:15 P.M. in Lahore.
• ✅ Agenda includes adopting audited financial statements for the year ended June 30, 2025.
• 💰 Shareholders will vote to ratify interim dividends of 70%, equivalent to Rs. 7.00 per share.
• 🧑‍⚖️ Appointment of statutory auditors for the year 2025-26 will be discussed and finalized.
• 🔒 The Ordinary Shares Transfer Books will be closed from October 20, 2025, to October 27, 2025.
• ✉️ Physical transfers must be received by October 17, 2025, at Hameed Majeed Associates.
• 👤 Members can appoint proxies, with specific requirements for individuals and corporate entities.
• 🆔 Shareholders must provide original CNIC/Passport for verification when attending the meeting.
• 💻 The company transmits annual reports electronically with QR codes and web links.
• 🌐 The Annual Report for 2025 is available on the company’s website.
• 📞 Shareholders can contact the Share Registrar for unclaimed dividends/shares.
• 📹 Video link participation is available; registration is required by October 20, 2025, via email.
• 📑 Submission of a copy of CNIC is mandatory for physical share certificate holders.
• 🚫 No gifts will be distributed at the meeting.

🎯 Investment Thesis

Given the limited new information, maintain a HOLD rating. The dividend ratification is positive, but a thorough review of the audited financials is needed before making any changes. The price target is under review and will be updated after the financial statements are released. Maintain a MEDIUM_TERM investment horizon.