⚡ Flash Summary

Sui Northern Gas Pipelines Limited (SNGP) has applied for and received an extension from the Securities and Exchange Commission of Pakistan (SECP) to hold its Annual General Meeting (AGM) for the year ended June 30, 2025. The extension, granted on October 17, 2025, allows the company an additional 30 days, pushing the deadline to November 27, 2025. This extension is to allow the company more time to convene and hold the AGM and present the financial statements for shareholder consideration under Section 132 and Section 223 of the Companies Act, 2017. The company had originally applied for the extension on October 2, 2025.

📌 Key Takeaways

• 📅 SNGP applied for an extension to hold its AGM for the year ended June 30, 2025.
• 📜 The application references Section 132 and Section 223 of the Companies Act, 2017.
• ✍️ The application was initially submitted on October 2, 2025.
• ✅ SECP granted a 30-day extension via letter dated October 17, 2025.
• 🗓️ The new deadline for holding the AGM is November 27, 2025.
• 🏢 The extension allows SNGP to convene the AGM and lay the financial statements.
• ✉️ The letter references SECP’s letter No. SMD/PRDD/Comp/(14)/2021/77.
• 🤝 The communication is addressed to the General Manager of the Pakistan Stock Exchange (PSX).
• 📍 Copies are also directed to the Securities and Exchange Commission of Pakistan (SECP) in Islamabad.
• 📢 The company is required to inform TRE Certificate Holders of the Exchange accordingly.
• 🏢 SNGP’s registered office is located in Lahore, Pakistan.
• 🌐 The company’s website is www.sngpl.com.pk.

🎯 Investment Thesis

HOLD. This announcement is purely administrative and does not provide any new information to change the investment thesis. The extension to hold the AGM is a neutral event. A HOLD recommendation is maintained pending the release and analysis of the financial statements.