⚡ Flash Summary

Sitara Chemical Industries’ AGM, held on October 23, 2025, approved the annual audited financial statements for the year ended June 30, 2025. A final cash dividend of Rs. 11 per share (110%) was also approved, aligning with the board’s recommendation. Yousuf Adil, Chartered Accountants, were appointed as external auditors for the year ending June 30, 2026. Shareholders also consented to the disposal and sale of the company’s freehold agricultural land (investment property) comprising 3302 Kanal located near Faisalabad, with proceeds earmarked for loan repayment and/or alternate energy source establishment.

📌 Key Takeaways

• ✅ AGM approved annual audited financial statements for the year ended June 30, 2025.
• 💰 A final cash dividend of Rs. 11 per share (110%) was approved. This is the dividend to be received per share.
• 👨‍💼 Yousuf Adil, Chartered Accountants, appointed as external auditors for the year ending June 30, 2026.
• 🏢 Board authorized to fix the remuneration of the external auditors for the year ending June 30, 2026.
• 🚜 Shareholder consent granted for the disposal and sale of 3302 Kanal of freehold agricultural land (investment property) near Faisalabad.
• 💸 Proceeds from land sale to be used for loan repayment and/or establishment of alternate energy source.
• 🤝 Board authorized to handle all aspects of the land sale, including negotiations, agreements, and legal formalities.
• 📜 Compliance with Section 183(3)(a) of the Companies Act, 2017, for the land sale.
• 🗓️ AGM held on October 23, 2025, in Karachi via in-person and video link.
• 💼 Mazhar Ali Khan, Company Secretary, certified the resolutions.

🎯 Investment Thesis

HOLD. The company’s decision to sell land and pay a dividend reflects a mixed outlook. The sale could create value, but its impact is uncertain. The dividend provides a return but is not substantial enough to warrant a BUY rating. A HOLD rating is appropriate until the company provides more clarity on its long-term strategy and the impact of the land sale.