⚡ Flash Summary

Pakistan Services Limited (PSL) announced changes to its Board of Directors. The Board has fixed the number of directors at ten (10), in accordance with the Companies Act 2017. A fresh election of directors will be held at the Extraordinary General Meeting (EOGM) scheduled for January 6, 2026. This decision follows an earlier material information disclosure on November 14, 2025, indicating ongoing board-level changes.

📌 Key Takeaways

• 🗓️ Board of Directors meeting held on November 28, 2025.
• 💼 Number of directors fixed at 10.
• 📜 Decision made in accordance with Section 159 of the Companies Act, 2017.
• 🗳️ Fresh election of directors to be conducted.
• 📅 Extraordinary General Meeting (EOGM) scheduled for January 6, 2026.
• 🏢 Election under Section-162 of the Act.
• ℹ️ This is a continuation of earlier information disclosed on November 14, 2025.
• 📑 Disclosure form as required under S.R.O. 143/(1)/2012 enclosed.
• 📍 Registered office is at 1st Floor, NESPAK House, G-5/2, Islamabad.
• 📞 Contact person is Muhammad Amir, Company Secretary (Telephone: 051-2272890-98).

🎯 Investment Thesis

Given the limited financial implications and the focus on governance-related changes, a HOLD recommendation seems appropriate. The announcement does not provide sufficient information to justify a change in investment strategy. Monitor future disclosures regarding the strategic direction and financial performance under the new board structure before making any buy or sell decisions. A price target and timeframe are difficult to assess without concrete financial impacts.