⏸️ SNAI: HOLD Signal (5/10) – Notice of Annual General Meeting

📌 Key Takeaways

• 🗓️ AGM scheduled for October 27, 2025, at 4:00 P.M. at the Company’s Office.
• ✅ To approve audited financial statements for the year ended June 30, 2025.
• 👨‍💼 To appoint Auditors for the year ending June 30, 2026; current auditors M/s. Rahman Sarfaraz Rahim Iqbal Rafiq are eligible for reappointment.
• 🤝 To ratify related party transactions under Section 208 of the Companies Act, 2017 for FY 2025.
• 🏦 To authorize the Board to approve related party transactions on a case-to-case basis for the financial year ending June 30, 2026.
• 📑 Share transfer books will be closed from October 20, 2025, to October 27, 2025.
• 🆔 Shareholders must bring their original CNIC or Passport for identification at the meeting.
• ✉️ Members can appoint a proxy to attend and vote on their behalf, with proxies to be received 48 hours before the meeting.
• 🧾 Members are requested to update their address and Zakat declaration with the Share Registrar.
• ⚠️ Non-compliance with CNIC/NTN submission may lead to withholding of dividend as per law.
• 💸 Cash dividends will be paid electronically to the bank accounts designated by the shareholders.
• taxes on dividends are subject to withholding tax, depending on ‘Active’ or ‘Non-Active’ status on the FBR list (15% or 30% respectively).
• 🌐 Members can participate in the AGM through a video link facility by registering with their particulars via email.
• 🗳️ Shareholders can exercise their right to vote through postal ballot as per the Companies (Postal Ballot) Regulations, 2018.

🎯 Investment Thesis

Based on the limited information available in this announcement, a HOLD recommendation is appropriate. The AGM notice mainly outlines procedural matters and the intention to ratify related party transactions. A more informed decision requires a comprehensive review of the company’s financial performance, which would be available in the annual report. Until then, HOLD.