⏸️ PIBTL: HOLD Signal (5/10) – CERTIFIED COPY OF THE RESOLUTIONS PASSED BY THE 16TH ANNUAL GENERAL MEETING

📌 Key Takeaways

• ✅ Audited financial statements for the year ending June 30, 2025, were approved.
• 🤝 Directors’ and Auditor’s reports were adopted during the AGM.
• 📜 Chairman’s Review Report was also approved at the meeting.
• 🏢 M/s Yousuf Adil, Chartered Accountants, have been re-appointed as auditors.
• 🗓️ The auditors will serve until the conclusion of the next Annual General Meeting.
• 💰 The Board of Directors will determine the auditors’ remuneration.
• 🗳️ Seven directors were elected for the next term.
• 📅 The new term for the elected directors commences on October 25, 2025.
• 🕒 The term for the elected directors is three years.
• ⚖️ The election of directors was conducted according to Section 159(1) of the Companies Act, 2017.
• 👤 Capt. Haleem Ahmed Siddiqui was elected as a Director.
• 👤 Mr. Sharique Azim Siddiqui was elected as a Director.
• 👤 Capt. Zafar Iqbal Awan was elected as a Director.
• 👤 Syed Nadir Shah was elected as a Director.
• 👤 Mr. Muhammad Masood Ahmed Usmani was elected as a Director.

🎯 Investment Thesis

Without detailed financial information, a definitive investment recommendation is challenging. The announcement provides no new material information that would cause a change in investment strategy. A HOLD recommendation is appropriate pending a review of the audited financial statements for the year ended June 30, 2025. This would provide insights into revenue, profitability, and financial health.