announcements

⚡ Flash Summary

IPAK’s 10th Annual General Meeting (AGM) resolutions, held on October 23, 2025, have been approved. Key decisions include adopting the audited financial statements for the year ended June 30, 2025, and re-appointing A.F. Ferguson & Co. as auditors for the year ending June 30, 2026. A final cash dividend of 6% (Rs. 0.60 per share) and a bonus share issue of 5% (5 shares for every 100 held) were also approved for the fiscal year ending June 2025. Furthermore, the company is authorized to provide corporate guarantees up to PKR 8 billion for its 52% owned subsidiary, Petpak Films (Private) Limited.

📌 Key Takeaways

• ✅ Audited financial statements for the year ended June 30, 2025, have been adopted.
• 🤝 A.F. Ferguson & Co. re-appointed as auditors for the year ending June 30, 2026.
• 💰 A final cash dividend of 6% (Rs. 0.60 per share) approved for FY2025.
• 🎁 Bonus shares issued at a rate of 5% (5 shares for every 100 held) for FY2025.
• 🏦 Fractional entitlements from bonus shares to be sold, with proceeds donated to charity.
• 🛡️ Corporate guarantees up to PKR 8 billion authorized for Petpak Films (52% owned subsidiary).
• 👨‍💼 Ten directors elected for a three-year term commencing October 31, 2025.
• 📜 Resolutions approved in accordance with the Companies Act, 2017.
• 🗓️ AGM held on October 23, 2025, as required by Regulation 5.6.9(b) of the PSX Rule Book.
• 🌐 The Chief Executive Officer and Company Secretary authorized to execute necessary actions and filings.

🎯 Investment Thesis

HOLD. The approval of resolutions at the AGM, including the dividend and bonus share issue, is a positive sign, but the potential risk associated with the corporate guarantees for Petpak Films warrants caution. A more in-depth analysis of Petpak Films’ financials and its contribution to IPAK’s consolidated performance is needed before making a definitive investment recommendation. Price target: To be determined after further analysis. Time horizon: Medium term.