⚡ Flash Summary

The 32nd Annual General Meeting (AGM) of Trust Securities & Brokerage Limited (TSBL) was held on October 27, 2025. Key resolutions included the confirmation of the minutes from the 31st AGM held on October 28, 2024, and authorization for the Chairman to sign the minutes. Additionally, the annual audited financial statements for the year ended June 30, 2025, along with the Auditors’ and Directors’ Reports, were approved and adopted. M/s Reanda Haroon Zakaria Aamir Salman Rizwan & Company were re-appointed as statutory auditors for the fiscal year 2025-2026.

📌 Key Takeaways

• 🗓️ The 32nd AGM was successfully conducted on October 27, 2025.
• ✅ Minutes of the 31st AGM (October 28, 2024) were confirmed.
• ✍️ Chairman authorized to sign the AGM minutes.
• ✔️ Annual audited financial statements for the year ended June 30, 2025 were approved.
• 📜 Auditors’ and Directors’ Reports were also adopted.
• 👨‍💼 M/s Reanda Haroon Zakaria Aamir Salman Rizwan & Company re-appointed as statutory auditors.
• 🏦 Auditors will serve for the fiscal year 2025-2026.
• 📍 Meeting held at the company’s head office in Karachi.
• 🏢 Resolutions passed in compliance with PSX Rule Book Clause 5.6.9(b).
• ℹ️ Information submitted to the Pakistan Stock Exchange (PSX).

🎯 Investment Thesis

Given the limited information, a HOLD recommendation is appropriate. The document only confirms the holding of the AGM and the approval of standard resolutions. Until the actual financial statements are analyzed, it’s not possible to make an informed decision to BUY or SELL. Price target is not possible with the information provided.