⏸️ TPLP: HOLD Signal (5/10) – CERTIFIED COPY OF THE RESOLUTIONS PASSED AND ADOPTED BY THE SHAREHOLDERS OF TPL PROPERTIES LIMITED

📌 Key Takeaways

• Annual General Meeting (AGM) successfully held on December 29, 2025. ✅
• Minutes of the previous AGM held on November 27, 2024, were approved. ✅
• Annual Standalone and Consolidated Audited Financial Statements for the year ended June 30, 2025, along with reports, were approved. 🧾
• M/s. Grant Thornton Anjum Rahman, Chartered Accountants, re-appointed as auditors for the year ending June 30, 2026, with mutually agreed remuneration. 🤝
• Seven (7) directors were elected for a three-year term, effective from the AGM. 🧑‍💼
• The elected directors include Mr. Jameel Yusuf Ahmed S.St, Mr. Muhammad Ali Jameel, Mr. Khalid Mahmood, Vice Admiral (R) Muhammad Shafi HI (M), Mr. Ziad Bashir, Mr. Ahmed Mujtaba Memon, and Ms. Fauzia Kehar. 👥
• Shareholders authorized a special resolution for an equity investment of up to Rs. 100 Million in associated company, HKC (Private) Limited. 📈
• This investment is made pursuant to Section 199 of the Companies Act 2017. 💼
• The approval of financial statements signifies regulatory compliance and transparency for the past fiscal year. 📋
• The re-appointment of auditors ensures continuity in financial oversight. 📊
• The equity investment represents a capital allocation decision aimed at potential growth or strategic alignment within the group. 💰
• The election of directors ensures corporate governance and strategic direction for the next three years. 🗓️

🎯 Investment Thesis

Based on the information provided, TPL Properties Limited is undertaking a strategic equity investment while maintaining corporate governance and compliance. The approval of financial statements for FY2025 and the re-appointment of auditors demonstrate routine operational health and adherence to regulatory standards. The Rs. 100 Million equity investment in HKC (Private) Limited signals a move towards potential growth or strategic consolidation within its group, which could be positive in the long term if the investment yields favorable returns. However, the absence of specific financial metrics for the company’s past performance makes it impossible to assess its current valuation, profitability, or balance sheet strength directly from this announcement. Therefore, a definitive ‘BUY’ or ‘SELL’ recommendation cannot be made. The current signal is ‘HOLD’ as investors await more detailed financial reports to evaluate the company’s fundamentals and the expected returns from its new capital allocation strategy.