⚡ Flash Summary

Wah Nobel Chemicals Ltd. has announced the notice for its 42nd Annual General Meeting (AGM) scheduled for October 27, 2025. The meeting will cover key business items, including the approval of financial statements for the year ended June 30, 2025, and the declaration of a final cash dividend of PKR 10 per share (100%). Shareholders are encouraged to participate either in person or via video link, with specific instructions provided for registration and proxy submissions. The company also urges shareholders to update their information, particularly regarding bank mandates and CNIC details, to ensure seamless dividend payments and compliance with regulatory requirements.

📌 Key Takeaways

• 🗓️ AGM scheduled for October 27, 2025, at 11:00 AM at the company’s registered office.
• ✅ Agenda includes confirmation of minutes from the May 29, 2025 EOGM.
• 💰 Approval of audited financial statements for the year ended June 30, 2025, is on the agenda.
• 💸 Final cash dividend of PKR 10 per share (100%) recommended by the directors for approval.
• 🧑‍💼 Re-appointment of Messer Grant Thornton Anjum Rahman as auditors for the year ending June 30, 2026, proposed.
• ⛔ Share transfer books will be closed from October 20, 2025, to October 27, 2025.
• 🗳️ Proxy submissions must be received 48 hours before the meeting.
• 💻 Shareholders can attend the AGM via video link; registration required by October 25, 2025.
• 📧 Shareholders requested to provide email addresses and cell phone numbers for communication.
• 🆔 CNIC copies must be submitted to the Share Registrar without delay.
• ⚠️ Dividends may be withheld if a valid CNIC copy is not on record.
• Tax deduction rates on dividends: 15% for ATL members, 30% for non-ATL members.
• 🏦 Bank mandate details (account title, number, IBAN) must be provided for electronic dividend payments.
• 🔄 Physical shares should be converted to book-entry form as per SECP directives.
• 🎁 No gifts will be distributed at the AGM, in line with SECP guidelines.

🎯 Investment Thesis

Based solely on the AGM notice and the dividend announcement, a HOLD recommendation is appropriate. The dividend is a positive sign, but further analysis of the company’s overall financial performance is needed before making a stronger recommendation. The current announcement doesn’t give enough information to suggest a buy or sell strategy. I will need to see financial statements to come up with a price target and timeframe.