⚡ Flash Summary
Pakistan Synthetics Limited held its 40th Annual General Meeting on October 27, 2025, where key resolutions were passed. The meeting approved the minutes of the 21st Extra Ordinary General Meeting from March 25, 2025. The annual audited financial statements for the year ended June 30, 2025, were also approved and adopted. Additionally, BDO Ebrahim & Co. was appointed as the external auditor for the financial year ending June 30, 2026.
📌 Key Takeaways
- 🗓️ The 40th Annual General Meeting (AGM) was held on October 27, 2025.
- ✅ Minutes from the 21st Extra Ordinary General Meeting held on March 25, 2025, were confirmed.
- 🤝 Chairman was authorized to sign the minutes as token of confirmation.
- 🧾 Annual Audited Financial Statements for the year ended June 30, 2025, were approved and adopted.
- 👨💼 Directors’ Report was also approved along with the financial statements.
- 🏢 M/s BDO Ebrahim & Co. appointed as external auditors for the financial year ending June 30, 2026.
- 🕰️ BDO Ebrahim & Co. will hold office until the conclusion of the next AGM.
- 💰 Remuneration for the external auditors to be fixed by the Board of Directors.
- 🇵🇰 The company is Pakistan Synthetics Limited (PSL).
- 🏢 PSL’s office is located in Emerald Tower, Clifton, Karachi.
- 📞 Contact number for PSL is 92-21-35147596-98.
- 🌐 PSL’s website is www.pslpet.com.
- 📧 PSL’s email is headoffice@pslpet.com.
🎯 Investment Thesis
Based on the limited information, a HOLD recommendation is appropriate. The AGM resolutions indicate that the company is maintaining corporate governance standards, but without financial data, it is impossible to assess the company’s investment potential. A price target cannot be determined without financial analysis. Time horizon is dependent on availability of financials.
Disclaimer: AI-generated analysis. Not financial advice.