⚡ Flash Summary
Zarea Limited held its 5th Annual General Meeting on October 27, 2025, where shareholders approved the financial statements for the year ended June 30, 2025, and re-appointed Naveed Zafar Ashfaq Jaffery & Co. as statutory auditors for the fiscal year ending June 30, 2026. A final cash dividend of 100%, equivalent to Rs. 1 per share, was approved for shareholders of record as of October 20, 2025. The company is authorized to circulate its annual report through QR codes and web links, discontinuing the practice of distributing annual reports via CD/USB.
📌 Key Takeaways
- 🗓️ AGM held on October 27, 2025, at 9:00 AM in Lahore.
- ✅ Minutes from the extra ordinary General meeting held on 18-01-2025, were confirmed.
- 💰 Financial Statements for FY ended June 30, 2025, were adopted.
- 🧑💼 Naveed Zafar Ashfaq Jaffery & Co. re-appointed as auditors for FY ending June 30, 2026.
- 🤝 CEO/CFO authorized to negotiate auditor remuneration.
- 💸 100% cash dividend (Rs. 1 per share) approved.
- 📅 Dividend for shareholders of record as of October 20, 2025.
- 🌐 Annual reports to be circulated via QR codes and web links.
- 💿 Distribution of annual reports via CD/USB discontinued.
- 📜 Compliance with Listing Regulation No. 5.6.9(b) of Pakistan Stock Exchange.
🎯 Investment Thesis
HOLD. The announcement provides routine information regarding the AGM’s resolutions, including the approval of financial statements, auditor re-appointment, and a dividend payout. There are no significant changes or unexpected developments. The company is also moving to a more efficient digital distribution method for its annual report. A ‘HOLD’ rating is appropriate, pending further information or developments that could significantly impact the company’s financials or operations.
Disclaimer: AI-generated analysis. Not financial advice.