⚡ Flash Summary

Sui Northern Gas Pipelines Limited (SNGPL) is holding its 61st Annual General Meeting on November 27, 2025, to confirm minutes from the previous meeting, adopt the audited accounts for the year ended June 30, 2025, and approve a final cash dividend of Rs. 3.00 per share (30%). They will also appoint external auditors for the year ending June 30, 2026. Shareholders are encouraged to participate electronically, and the share transfer books will be closed from November 21 to November 27, 2025.

📌 Key Takeaways

• 📅 SNGPL’s 61st Annual General Meeting will occur on November 27, 2025, at 11:00 AM.
• 🤝 Minutes from the Annual General Meeting held on May 22, 2025, will be confirmed.
• ✅ Annual Audited Accounts for the year ending June 30, 2025, will be received, considered, and adopted.
• 💰 A final cash dividend of Rs. 3.00 per share (30%) will be considered for approval.
• 🗓️ Shareholders on the register as of November 20, 2025, will be entitled to the dividend.
• 🏢 A.F. Ferguson and Co. Chartered Accountants are proposed for re-appointment as external auditors for the year ending June 30, 2026.
• 🔒 Share transfer books will be closed from November 21 to November 27, 2025.
• 💻 Shareholders can participate electronically via video conferencing.
• ✉️ Registration for electronic participation must be done with CDC Share Registrar Services Limited at cdcsr@cdcsrsl.com at least 48 hours before the meeting.
• 👥 Members can attend in person or appoint a proxy.
• 📄 Proxy instruments must be deposited at the Registered Office no later than 48 hours before the meeting.
• 🌐 Blank proxy forms are available on the Company’s website: www.sngpl.com.pk.
• 🆔 CDC Account Holders must follow guidelines as per Circular No. 1 dated January 26, 2000, issued by the Securities and Exchange Commission of Pakistan.
• 🧾 Shareholders must provide a copy of their CNIC/NTN Certificate.
• 🏦 Shareholders must provide bank account details for electronic credit of cash dividend payment.

🎯 Investment Thesis

HOLD. SNGPL’s announcement of a 30% dividend is a positive sign, however, a comprehensive financial analysis is needed before making a buy recommendation. The company’s operational environment and regulatory risks must also be considered. A 12-month price target will be determined upon further financial review.