BECO

⚡ Flash Summary

Beco Steel Limited has announced the adjournment of its Board of Directors meeting, originally scheduled for October 28, 2025, to October 30, 2025, at 2:00 PM in Lahore. The purpose of the meeting remains the same: to consider and approve the un-audited financial statements for the 1st Quarter ended September 30, 2025. The company has also declared a “Closed Period” from October 28, 2025, to October 30, 2025, during which directors, the CEO, and executives are prohibited from dealing with the company’s shares. This announcement ensures compliance with PSX regulations and informs stakeholders about the change in meeting schedule.

📌 Key Takeaways

• 📅 Board meeting re-scheduled from October 28 to October 30, 2025.
• 🕒 New meeting time: 2:00 PM.
• 📍 Location: 79-Peco Road, Lahore.
• 🧾 Agenda: Approval of un-audited financial statements for Q1 2025.
• 🔒 Closed Period: October 28-30, 2025.
• 🚫 Insiders restricted from trading during closed period.
• 📜 Compliance with PSX regulations (Clause 5.6.1(d)).
• 🏢 Addressed to The General Manager, Pakistan Stock Exchange Limited.
• ✉️ Sent from Beco Steel Limited.
• 👤 Signed by Abdul Shakoor, Company Secretary.

🎯 Investment Thesis

Given that the announcement is purely procedural, a HOLD recommendation is maintained. Any change in investment thesis would depend on the actual financial performance reported in the Q1 2025 results and future company announcements.

⚡ Flash Summary

BECO Steel’s Annual General Meeting minutes reveal key corporate actions. The audited accounts for the year ending June 30, 2025, were adopted. Malik Haroon Ahmad & Co. were re-appointed as statutory auditors for the next fiscal year. The company approved the subdivision of each share from Rs. 10 to Rs. 1 and increased authorized share capital from Rs. 1.5 billion to Rs. 3 billion.

📌 Key Takeaways

• ✅ Audited Accounts for FY2025 approved.
• 👨‍💼 Malik Haroon Ahmad & Co. re-appointed as statutory auditors.
• 💰 Auditor remuneration set at Rs 250k for half-year review and Rs 1,200k for annual audit.
• 🔄 Share face value reduced from Rs. 10 to Rs. 1.
• 📈 Each share subdivided into 10 ordinary shares.
• 🏦 Authorized Share Capital increased from Rs. 1.5 billion to Rs. 3 billion.
• 📃 Memorandum of Association altered to reflect new capital structure.
• 🏢 Capital structure now 3,000,000,000 shares at Rs. 1 each.
• 🤝 Related party transactions for FY2025 ratified.
• 🏢 Board authorized to approve related party transactions on a case-by-case basis for FY2026.

🎯 Investment Thesis

HOLD. The corporate actions appear to be strategic, enhancing share liquidity and providing capital-raising flexibility. However, without financial performance data, a BUY recommendation is not justified. Monitor the company’s utilization of the increased authorized capital and its impact on profitability.

⚡ Flash Summary

BECO announced: Miscellaneous Information. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• BECO made announcement: Miscellaneous Information
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for BECO. Manual verification required.

⚡ Flash Summary

BECO announced: Financial Results for the 1st Quarter Ended 30-09-2025. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• BECO made announcement: Financial Results for the 1st Quarter Ended 30-09-2025
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for BECO. Manual verification required.

⚡ Flash Summary

BECO announced: Board Meeting for 1st Quarter. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• BECO made announcement: Board Meeting for 1st Quarter
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for BECO. Manual verification required.

⚡ Flash Summary

Beco Steel Limited’s Annual General Meeting (AGM) will be held on October 28, 2025, to address several key items. Shareholders will vote on the subdivision of share capital, increasing the authorized share capital from Rs. 1,500,000,000 to Rs. 3,000,000,000. They will also ratify related party transactions and authorize the Board to approve future transactions. Share transfer books will be closed from October 21-28, 2025, and e-voting will be available for members.

📌 Key Takeaways

• 📅 AGM scheduled for October 28, 2025, at 12:00 noon in Lahore.
• ✔️ Approval sought for minutes of the previous AGM held on November 27, 2024.
• 🧾 Adoption of annual audited accounts for the year ended June 30, 2025, is on the agenda.
• auditors for the financial year ending June 30, 2026.
• ⚖️ Shareholders to consider and pass resolutions for subdivision of share capital.
• 💰 Authorized share capital to increase from Rs. 1,500,000,000 to Rs. 3,000,000,000.
• ➡️ Each Rs. 10 share will be subdivided into ten Rs. 1 shares.
• 🤝 Transactions with related parties for the year ended June 30, 2025, require ratification.
• ✅ Authorization sought for the Board to approve related party transactions for the year ending June 30, 2026.
• 🛑 Share transfer books will be closed from October 21-28, 2025 (inclusive).
• 💻 E-voting will be available to members; details to be shared via email.
• ✉️ Proxies must be received 48 hours before the meeting.
• 🏢 Hard copies of the Annual Report are available upon written request to the company.

🎯 Investment Thesis

Given the limited information available in the provided document, a neutral ‘HOLD’ recommendation is appropriate. The company appears to be undergoing significant corporate restructuring with the proposed share subdivision and increase in authorized capital. Investors should await further information and evaluate the company’s performance post-restructuring before making any buy/sell decisions. Need the full financial statements.

⚡ Flash Summary

Beco Steel Limited will hold its Annual General Meeting on October 28, 2025, to conduct routine business including approving the financial statements for the year ended June 30, 2025, and appointing external auditors for the financial year ending June 30, 2026. A key item on the agenda is a special resolution to subdivide the company’s share capital, decreasing the face value of each share from Rs. 10 to Rs. 1. Additionally, the authorized share capital will be increased from Rs. 1,500,000,000 to Rs. 3,000,000,000. Shareholders are also asked to ratify related party transactions and authorize the board to approve such transactions for the upcoming fiscal year.

📌 Key Takeaways

• 📅 Annual General Meeting (AGM) scheduled for October 28, 2025.
• 📍 AGM to be held at Executive Board Room, Royal Palm Golf and Country Club, Lahore.
• ✅ Agenda includes confirming minutes of the previous AGM held on November 27, 2024.
• 🧾 Approval of Annual Audited Accounts for the year ended June 30, 2025, is on the agenda.
• 👨‍💼 M/s Malik Haroon Ahmad & Co. recommended as external auditors for the financial year 2025-26.
• ➗ Share subdivision proposed: Face value decreasing from Rs. 10 to Rs. 1 per share.
• ⬆️ Authorized Share Capital to increase from Rs. 1,500,000,000 to Rs. 3,000,000,000.
• 🤝 Related party transactions for the year ended June 30, 2025, to be ratified and approved.
• 🏦 Board authorized to approve related party transactions for the year ending June 30, 2026.
• 📵 Share Transfer Books to be closed from October 21, 2025, to October 28, 2025.
• 💻 E-voting facility available; details to be shared via email by October 22, 2025.
• ✉️ Postal ballot option available; ballot to reach Chairman by October 27, 2025.
• 🌐 AGM notice and annual report available on www.becosteel.com.
• 🏦 Shareholders requested to provide IBAN details for unclaimed e-dividends.

🎯 Investment Thesis

Based on the announcement, a HOLD recommendation is appropriate. While the share split may improve liquidity and accessibility, it does not alter the fundamental value. Further financial analysis and earnings reports are required to make a more informed decision. Price target will depend on future earnings and growth prospects.

⚡ Flash Summary

Beco Steel Limited has announced that a board meeting is in progress as of October 6, 2025, to consider and approve the financial statements for the year ended June 30, 2025. The company will communicate the financial results to the exchange in due course. This announcement indicates that the company is nearing the finalization of its annual financial reporting process. Investors should anticipate the release of the results and analyze them to assess the company’s performance.

📌 Key Takeaways

• 📅 Board meeting in progress as of October 6, 2025.
• 🧾 Meeting is to consider and approve financial statements.
• 🗓️ Financial year-end is June 30, 2025.
• 📢 Financial results will be communicated to the exchange.
• 🏢 The announcement was made by Beco Steel Limited.
• 🇵🇰 Pakistan Stock Exchange will receive the financial results.
• ✉️ Communication sent to TRE Certificate Holders.
• 📍 Company’s head office is located in Lahore.
• 🏭 Factory is located in Badami Bagh, Lahore.
• 🌐 Further information available on www.becosteel.com.

🎯 Investment Thesis

HOLD. Without the financial results, a definitive buy or sell recommendation cannot be made. Investors should wait for the financial results, then re-evaluate the company’s performance and financial health before making any investment decisions. Price target and time horizon can only be determined after analyzing the financial results.