announcements

⚡ Flash Summary

The document presents the certified copy of resolutions passed at United Brands Limited’s 61st Annual General Meeting (AGM) held on October 28, 2025. Key approvals include the minutes of the previous AGM held on October 28, 2024, and the adoption of the annual audited financial statements for the year ended June 30, 2025, along with the director’s and auditor’s reports. The reappointment of A.F. Ferguson & Company as external auditors for the financial year ending June 30, 2026, was also approved, with remuneration to be mutually agreed. Additionally, transactions with related parties for the year ended June 30, 2025, were approved, and the Board of Directors was authorized to approve related party transactions on a case-by-case basis until the next AGM.

📌 Key Takeaways

• ✅ Minutes of the previous AGM held on October 28, 2024, were approved.
• ✅ Annual audited financial statements for the year ended June 30, 2025, were adopted.
• ✅ Director’s and Auditor’s reports for the year ended June 30, 2025, were also adopted.
• 🤝 A.F. Ferguson & Company was re-appointed as external auditors for the financial year ending June 30, 2026.
• 💰 Remuneration for the external auditors will be mutually agreed upon at the time of engagement.
• 🤝 Transactions with related parties for the year ended June 30, 2025, were approved as disclosed in Note 34.
• 📄 Specified transactions were also approved under section 134(3) of material information.
• ✅ The Board of Directors is authorized to approve related party transactions on a case-to-case basis.
• 📅 This authorization is valid until the conclusion of the next AGM.
• 🤝 Transactions approved by the Board will be placed before shareholders at the next AGM for formal ratification/approval.
• 👍 The meeting concluded with a vote of thanks to the Chair.
• 🏢 The resolutions were passed at the 61st AGM held physically and through video link.
• 🗓️ The AGM took place on October 28, 2025.
• 📍 The company’s registered office is located in Karachi.

🎯 Investment Thesis

Given the lack of detailed financial information, a neutral stance (HOLD) is appropriate. The document does not provide sufficient information to make a strong BUY or SELL recommendation. Further analysis of the company’s financial performance and strategic outlook is required before making an informed investment decision. A price target cannot be determined without access to financial data. The time horizon for any potential investment would depend on the company’s future performance and market conditions.