⚡ Flash Summary

Sui Southern Gas Company (SSGC) 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 financial year ended June 30, 2025. The extension, granted under Sections 132 and 223 of the Companies Act, 2017, allows SSGC to hold the AGM up to November 27, 2025. This extension provides the company additional time to finalize and present its audited financial statements to shareholders. The SECP’s approval is subject to the company’s compliance with all requirements of the Companies Act.

📌 Key Takeaways

• 📅 SSGC received an extension for holding its AGM for the year ended June 30, 2025.
• 📜 The extension is granted under Sections 132 & 223 of the Companies Act, 2017.
• ⏰ The new deadline to hold the AGM is November 27, 2025.
• 🏢 The application for extension was submitted on September 30, 2025.
• ✅ SECP approved the extension on October 17, 2025.
• 📄 The extension allows laying of financial statements for shareholder consideration.
• 🚦 The SECP approval is without prejudice to any action for non-compliance.
• 📍 The Company Secretary of SSGC is located at SSGC House, Karachi.
• ✉️ The SECP’s letter is reference number SMD/PRDD/Comp/(14)/2021/79.
• 🏢 The SECP is located in Islamabad.
• 📞 SSGC can be reached at 99021000.
• 🌐 SSGC’s website is www.ssgc.com.pk.
• 👤 Fawad Ahmed Khan is the Company Secretary of SSGC.
• 👤 Oneeb Ahmed is the Assistant Director at SECP who signed the approval.

🎯 Investment Thesis

HOLD. This announcement is purely administrative, granting an extension for the AGM. Without any accompanying financial data, it’s not possible to make an informed investment decision. The extension itself doesn’t fundamentally alter the investment prospects of SSGC. Further analysis of SSGC’s financial performance and strategic direction is needed before considering a change in investment stance. Price target and time horizon cannot be determined based on this information alone.