⚡ Flash Summary

Shezan International Limited has announced its 62nd Annual General Meeting (AGM) to be held on October 28, 2025, both at the company’s registered office and virtually via Zoom. The AGM will cover key agenda items including the ratification of related party transactions disclosed in the financial statements for the year ended June 30, 2025. Shareholders will also vote on approving potential related party transactions for the upcoming fiscal year 2025-26, authorizing the Board of Directors to handle these transactions, and altering the Articles of Association to increase the remuneration of non-executive Directors. Shareholders can participate through postal ballot or e-voting, with specific deadlines and procedures outlined in the notice.

📌 Key Takeaways

• 📅 AGM Date: Tuesday, October 28, 2025, at 11:00 am.
• 🏢 Location: Registered Office, 56-Bund Road, Lahore, and virtually via Zoom.
• ✉️ Postal Ballot: Shareholders can vote via postal ballot.
• 📧 Designated Email: Ballots should be sent to meetings@shezan.com.
• ✔️ Related Party Transactions: Ratification of transactions disclosed in Note 40 of the financial statements for the year ended June 30, 2025.
• 🤝 Future Transactions: Approval for potential related party transactions in fiscal year 2025-26.
• 👨‍💼 Board Authorization: Empowering the Board of Directors to carry out related party transactions.
• 📜 Articles Alteration: Amendment to increase non-executive Directors’ remuneration.
• 💰 Director’s Fee: Increase from Rs. 50,000 to Rs. 75,000 per meeting.
• 🖋️ CEO/Secretary Authority: Authorization for CEO and Company Secretary to take necessary actions and filings.
• 📝 Special Resolutions: All key agenda items to be passed as special resolutions.
• 🗳️ E-Voting: Shareholders can cast e-votes online from October 25 to October 27, 2025.
• 🌐 Website: Ballot paper form available on the company website at www.shezan.com.
• ⚠️ Deadline: Postal ballots must reach the Chairman on or before October 27, 2025.
• 🏢 Registered Office: Shezan International Limited, 56-Bund Road, Lahore.

🎯 Investment Thesis

Given the limited information available in the announcement, a HOLD recommendation is appropriate. The notice primarily addresses procedural items and lacks sufficient financial data to make an informed investment decision. Further analysis of Shezan International Limited’s financial statements, related party transactions, and strategic outlook is needed before considering a BUY or SELL recommendation. A price target cannot be established without a detailed valuation analysis. This recommendation is valid until the next financial results are released and analyzed.