⚡ Flash Summary
PNSC’s 47th Annual General Meeting approved key resolutions. A final cash dividend of Rs. 23 per share (230%) was approved, in addition to the already paid interim dividend of Rs. 10 per share. The meeting also ratified the election of Mr. Ahsan Ali Malik and Capt. (R) Sarfaraz Inayatullah Qureshi as directors for a three-year term starting October 28, 2025. Furthermore, the re-appointment of joint statutory auditors, M/s. Grant Thornton Anjum Rahman and M/s. Yousuf Adil Chartered Accountants, was approved with a 5% increase in their existing remuneration for the year ending June 30, 2026.
📌 Key Takeaways
- ✅ Minutes of the 46th Annual General Meeting held on October 28, 2024, were approved.
- ✔️ Audited financial statements for the year ended June 30, 2025, were approved and adopted.
- 💰 Final cash dividend of Rs. 23 per share (230%) approved.
- 💵 Interim dividend of Rs. 10 per share already paid.
- 🗓️ Dividend payable to members on the register as of October 21, 2025.
- 👨💼 Mr. Ahsan Ali Malik elected as director.
- ⚓ Capt. (R) Sarfaraz Inayatullah Qureshi elected as director.
- ⏳ Directors elected for a three-year term commencing October 28, 2025.
- 🤝 Re-appointment of M/s. Grant Thornton Anjum Rahman as joint statutory auditors approved.
- 🏢 Re-appointment of M/s. Yousuf Adil Chartered Accountants as joint statutory auditors approved.
- 💼 Joint statutory auditors appointed for the year ending June 30, 2026.
- ⬆️ Auditors’ remuneration increased by 5%.
🎯 Investment Thesis
PNSC is a BUY. The approval of a substantial dividend and the election of directors signals stability and a focus on shareholder value. The company’s strong financial performance and strategic initiatives justify a positive outlook. The recent capital expenditures should lead to higher utilization and revenues. Dividend yield alone should attract investors.
Disclaimer: AI-generated analysis. Not financial advice.