⚡ Flash Summary
Ghandhara Automobiles Limited (GAL) held its Annual General Meeting on October 25, 2025, where shareholders approved key resolutions. These included confirming minutes from a prior meeting, adopting the annual financial statements for the year ended June 30, 2025, re-appointing ShineWing Hameed Chaudhri & Co. as auditors, and approving a final cash dividend of Rs.10 per share (100%). The resolutions also covered transactions with associated companies and authorized the CEO to manage related transactions in the normal course of business.
📌 Key Takeaways
- ✅ Minutes of the Extraordinary General Meeting held on February 4, 2025, were confirmed.
- 📊 Audited Annual Financial Statements for the year ended June 30, 2025, were adopted.
- 👨💼 ShineWing Hameed Chaudhri & Co. re-appointed as auditors for the year ending June 30, 2026.
- 💰 A final cash dividend of Rs.10/- per share (100%) was approved for the year ended June 30, 2025.
- 🧾 Dividend will be paid after deducting applicable Income Tax and Zakat.
- 🗓️ Eligibility for dividend based on register of members as of October 16, 2025.
- ✍️ CEO and Company Secretary authorized to handle dividend payment formalities.
- 🤝 Transactions with associated companies for the year ended June 30, 2025, were ratified.
- 💼 CEO authorized to approve transactions with related parties during the year ending June 30, 2026.
- 👍 All resolutions received the required majority of shareholder votes.
🎯 Investment Thesis
Based on the approval of a substantial dividend and confirmation of key operational resolutions, a BUY rating is warranted. The Rs. 10 dividend provides immediate return. A target price needs further analysis using complete financial data, along with comparable valuations. Recommend a MEDIUM_TERM horizon (12-18 months) to allow dividend returns and the benefit of operational efficiencies.
Disclaimer: AI-generated analysis. Not financial advice.