⚡ Flash Summary
Sitara Energy Limited (SEL) held its Annual General Meeting on November 27, 2025, where several resolutions were passed. The meeting confirmed the minutes of the Extra Ordinary General Meeting held on April 15, 2025. The annual audited financial statements, along with the Directors’ and Auditors’ Reports for the year ended June 30, 2025, were received, considered, and adopted. Additionally, RSM Avais Hyder Liaquat Nauman, Chartered Accountants, were appointed as external auditors for the year ending June 30, 2026, with the Board authorized to fix their remuneration.
📌 Key Takeaways
- 🗓️ AGM held on November 27, 2025, at 3:00 PM in Karachi.
- 🤝 Minutes of the Extra Ordinary General Meeting held on April 15, 2025, were confirmed.
- ✅ Annual audited financial statements for the year ended June 30, 2025, were adopted.
- 💼 Directors’ and Auditors’ reports were considered alongside the financial statements.
- 🏢 RSM Avais Hyder Liaquat Nauman appointed as external auditors for the year ending June 30, 2026.
- 💰 Board authorized to fix the remuneration of the external auditors.
- 📍 Meeting held in person and via video link.
- 📜 Resolutions passed as per PSX Rule Book 5.6.9 (b).
- ✉️ Company Secretary Mazhar Ali Khan signed off on the resolutions.
- 🌐 Company website is www.sitara.pk.
🎯 Investment Thesis
Given the limited information provided, a HOLD recommendation is appropriate. More comprehensive financial data and strategic updates are needed to make an informed investment decision. Until then, it is not possible to provide a target price or a clear rationale for a BUY or SELL recommendation.
Disclaimer: AI-generated analysis. Not financial advice.