⏸️ PAKL: HOLD Signal (5/10) – Election of Director U/s 159(4) of Companies Act 2017

📌 Key Takeaways

• 🗓️ PAKL announced the election of directors under Section 159(4) of the Companies Act 2017.
• 📅 The announcement is dated October 19, 2025.
• 🏢 The announcement was made to the Pakistan Stock Exchange Limited.
• 📜 The election of directors will occur at the Annual General Meeting.
• 🗓️ The Annual General Meeting is scheduled for October 28, 2025, at 6:00 p.m.
• 🙋 A total of seven candidates have filed notices to offer themselves for election.
• ✅ Candidates include Mrs. Rubina Saleem, Mr. Muhammad Saleem Ahmed, Mr. Qaiser Jamal, Mr. Nayyer Ahmed, Mr. Azeem Ahmed, Mr. Umer Ahmed, and Mr. Ahmed Jalali.
• ⚖️ Since the number of candidates (7) equals the number of director positions, all candidates will be treated as elected.
• 🌐 Profiles of the candidates are posted on the company’s website: www.pakleather.com.
• ✅ An independent director will be elected through the election process as per Section 166 (3) of the Companies Act, 2017.
• 📍 The company’s registered office is located in Korangi Industrial Area, Karachi.
• 📧 Contact information includes email: info@pakleather.com.
• 📞 Phone contact numbers are 35064100-1.
• 📄 This notification is a continuation of a disclosure dated September 22, 2025.

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. The election of directors is a standard corporate governance procedure and does not provide sufficient information to warrant a change in investment stance. Further financial analysis and assessment of the company’s strategic direction are necessary to make a well-informed investment decision. A price target cannot be accurately determined from this announcement alone.