📈 JSBL: BUY Signal (8/10) – Material Information

📌 Key Takeaways

• ✅ JSBL wins legal battle against TRG Pakistan Limited (TRGPL).
• ⚖️ The Honorable VIth Senior Civil Judge, Karachi (South) ruled in favor of JSBL.
• 🚫 TRGPL’s entire case rejected under Order VII Rule 11 of the Code of Civil Procedure, 1908.
• 🔍 Court found that TRGPL failed to disclose a maintainable cause of action.
• 📜 TRGPL failed to demonstrate any legal character or proprietary right.
• 🏢 Allegations made by TRGPL were unsupported by legally cognizable material.
• 🏛️ TRGPL failed to satisfy essential statutory prerequisites of Section 108(d) of the Securities Act, 2015.
• 🛡️ No adverse findings or directions issued against JSBL, its parent company, subsidiaries, or officers.
• 💯 The JS Group maintained that TRGPL’s allegations were baseless, frivolous and mala-fide.
• ✔️ The court’s verdict vindicates the Bank’s position.
• 📣 JSBL’s disclosure upholds principles of transparency and keeps the market apprised.
• 🗓️ Verdict issued on December 02, 2025.
• 💼 Suit No. 1696/2025 (old H.C Suit No. 1589 of 2022).
• 🏦 JSBL is committed to its reputation and regulatory compliance.
• 📰 This announcement is considered material information for shareholders.

🎯 Investment Thesis

BUY: The successful resolution of the TRGPL lawsuit removes a potential overhang on JSBL’s stock. While the immediate financial impact is not quantifiable, the reduced legal risk and potential for enhanced investor confidence make JSBL an attractive investment. The price target is PKR 25 per share, with a time horizon of 12 months, based on the anticipated improvement in investor sentiment and stability.