⚡ Flash Summary

Sui Northern Gas Pipelines Limited (SNGP) held its 61st Annual General Meeting, where shareholders approved the minutes of the previous meeting, adopted the audited accounts for the year ended June 30, 2025, and approved a final cash dividend of Rs. 3.00 per share (30%). The firm also appointed A.F. Ferguson & Co. as external auditors for the year ending June 30, 2026, with a remuneration of Rs. 26,250,000 plus expenses. The resolutions indicate a continuation of standard business operations and financial distributions to shareholders.

📌 Key Takeaways

• ✅ Minutes of the 60th Annual General Meeting held on May 22, 2025, were unanimously confirmed.
• 💰 Audited accounts for the year ended June 30, 2025, were adopted, including financial statements and related reports.
• 💵 Final cash dividend of Rs. 3.00 per share (30%) approved for the year ended June 30, 2025.
• 📅 Dividend payable to shareholders appearing in the Register of Members as of November 20, 2025.
• 👩‍💼 A. F. Ferguson & Co. appointed as external auditors for the year ending June 30, 2026.
• 🧾 Auditor remuneration set at Rs. 26,250,000 plus out-of-pocket expenses and fees for other services.
• 🔍 Auditors to conduct the audit in accordance with International Standards on Auditing.
• 🚦 Audit will include examination of internal controls related to financial and operational reporting.
• 🤝 Meeting concluded with thanks from the Chairman, noting no other ordinary business.
• ✉️ Information to be shared with TRE Certificate Holders of the Exchange.

🎯 Investment Thesis

Based on the provided information, a HOLD recommendation seems appropriate. The company is distributing dividends, and the appointment of auditors indicates adherence to standards. However, a comprehensive financial model, including financial statements, is needed to assess the intrinsic value of SNGP. Price target and time horizon depend on further analysis.