⚡ Flash Summary

The Pakistan General Insurance Company Limited (PKGI) held a board meeting on November 21, 2025, where key resolutions were passed. The board approved and recommended increasing the authorized share capital from Rs. 500,000,000 to Rs. 2,000,000,000, subject to shareholder approval at an Extraordinary General Meeting (EOGM) scheduled for December 15, 2025. Additionally, the board approved and recommended issuing up to 93,600,000 ordinary shares for consideration other than cash to Mr. Muhammad Shahzad Habib and Mrs. Bushra Shahzad, also pending shareholder approval and compliance with relevant regulations. The Company Secretary is authorized to finalize and file all necessary documents.

📌 Key Takeaways

• 🗓️ Board meeting held on November 21, 2025, to discuss key resolutions.
• 💰 Authorized share capital to increase from Rs. 500,000,000 to Rs. 2,000,000,000, pending EOGM approval.
• 📈 The increase involves raising the number of ordinary shares from 50,000,000 to 200,000,000 (Rs. 10/- each).
• 🤝 Board recommends amendments to the Memorandum and Articles of Association.
• ✅ Amendments aim to reflect the revised Authorized Share Capital.
• 📄 Company Secretary authorized to file statutory documents with SECP, PSX, and CDC.
• 📢 An Extra Ordinary General Meeting (EOGM) will be held on December 15, 2025.
• ✉️ Draft EOGM notice and statement under Section 134(3) approved for issuance to shareholders.
• 💸 Issuance of up to 93,600,000 ordinary shares (Rs. 10/- each) approved, not for cash.
• 🧑‍🤝‍🧑 Shares to be issued to Mr. Muhammad Shahzad Habib and Mrs. Bushra Shahzad in equal proportion.
• ⚖️ Issuance is subject to Companies Act, 2017, and SECP/PSX approval.
• 📊 Company Secretary to prepare valuation reports, explanatory notes, and EOGM materials.
• ✔️ Any other business was discussed and noted with the Chair’s permission.

🎯 Investment Thesis

Given the limited financial information and the focus on corporate actions, a HOLD recommendation is appropriate. The increase in authorized share capital and potential share issuance could have both positive and negative implications. Further information is needed to assess the long-term impact on the company’s financial performance and valuation. A price target and more definitive investment decision would require a deeper dive into the company’s financials, strategic plans, and industry outlook.