⏸️ STCL: HOLD Signal (5/10) – CERTIFIED TRUE COPY OF RESOLUTIONS PASSED IN ANNUAL GENERAL MEETING

📌 Key Takeaways

• ✅ The 47th Annual General Meeting (AGM) of Shabbir Tiles & Ceramics Limited was held on October 20, 2025.
• 🏢 The AGM took place at the Institute of Chartered Accountants of Pakistan.
• 📜 Shareholders approved the annual audited financial statements for the year ended June 30, 2025.
• 📊 The approved financial statements include the Chairman’s Review Report, Directors’ Report, and Auditors’ Report.
• 🌐 Financial statements are available on the Company’s website as per section 223(7) of the Companies Act, 2017.
• 👨‍💼 A. F. Ferguson & Co. was reappointed as auditors for the year ending June 30, 2026.
• 👍 The Board of Directors recommended the reappointment of A. F. Ferguson & Co.
• 🤝 The appointment of auditors was in accordance with the Board’s recommendation.
• 💼 Ordinary business matters were the focus of the meeting.
• 主席 The meeting concluded with thanks to the interim chairman.
• 📅 The next audit will cover the year ending June 30, 2026.

🎯 Investment Thesis

Based on the limited information, a HOLD recommendation is appropriate. The announcement is purely procedural and lacks the financial data necessary to make an informed investment decision. A BUY or SELL recommendation would require a detailed analysis of the financial performance, outlook, and risks outlined in the approved financial statements. A price target cannot be established without further information. This recommendation is based on the fact that the financials have been approved.