⚡ Flash Summary
SSGC’s board meeting was held on November 29, 2025, but the first quarter accounts for the period ending September 30, 2025, were not considered. This is because the Board Audit Committee did not formally recommend them to the full Board. Consequently, the closed period will continue until the accounts are approved and announced to the PSX through PUCARS. A formal board meeting intimation letter will be sent to the PSX for consideration of the first-quarter accounts in due course.
📌 Key Takeaways
- 🗓️ Board meeting held on November 29, 2025.
- ❌ First Quarter Accounts for the period ended September 30, 2025, were not taken up.
- ⚠️ Accounts not formally recommended by the Board Audit Committee.
- 🔒 Closed Period continues from November 29, 2025.
- ✅ Closed period continues until accounts are approved by the Board of Directors.
- 📢 Accounts will be announced to PSX through PUCARS after approval.
- ✉️ A formal Board Meeting intimation letter to PSX will be sent in due course.
- 🇵🇰 Compliance with Pakistan Stock Exchange and SECP/CRO, Karachi requirements.
- شفاف Company committed to full transparency and adherence to laws and regulations.
🎯 Investment Thesis
Given the delay in the release of financial results, a HOLD recommendation is appropriate. Once the first-quarter accounts are released and analyzed, the recommendation should be revisited. Without current financials, establishing a price target is not feasible. Time horizon: Reassess in 1-3 months upon financial release.
Disclaimer: AI-generated analysis. Not financial advice.