JSCL

⚡ Flash Summary

Jahangir Siddiqui & Co. Ltd. (JSCL) has announced an Extraordinary General Meeting (EOGM) to be held on November 25, 2025, in Islamabad. The primary agenda is the election of seven directors for a three-year term, as mandated by the Companies Act, 2017. Retiring directors are eligible for re-election, and the company has detailed procedures for those interested in contesting the election. Shareholders are encouraged to participate, either in person, through proxy, or via video-link, and the company has provided necessary instructions for each mode of participation.

📌 Key Takeaways

• 🗓️ EOGM scheduled for November 25, 2025, in Islamabad.
• 🗳️ Election of seven directors for a three-year term is the main agenda.
• 📜 Election is in compliance with Section 159(1) of the Companies Act, 2017.
• 🔄 Retiring directors are eligible to offer themselves for re-election.
• 🏢 Meeting to be held at ISE Auditorium, ISE Towers, Islamabad at 11:30 AM.
• ✍️ Procedures outlined for individuals seeking to contest the election of directors.
• ❌ Share transfer books will be closed from November 18, 2025 to November 25, 2025.
• 🤝 Shareholders can attend in person, through proxy, or via video-link.
• 🆔 Identification via original CNIC or Passport is required for physical attendance.
• 🖥️ Video-link participation requires prior registration by November 22, 2025.
• ✉️ Proxies must be received at the Head Office at least 48 hours before the meeting.
• 🌐 Notice of EOGM and proxy form available on the company’s website: www.js.com.
• 🚫 No gifts, cash, or vouchers will be distributed at the EOGM, complying with SECP directives.
• 📢 Shareholders are requested to update their contact information with the Share Registrar.
• 🏦 Physical shares should be converted into book-entry form as per SECP guidelines.

🎯 Investment Thesis

Given the nature of the announcement (election of directors), a HOLD recommendation is appropriate. Investors should monitor the governance practices of JSCL and the composition of the board to ensure alignment with shareholder interests and strategic objectives.

⚡ Flash Summary

JSCL will hold a Board of Directors meeting on October 29, 2025, to consider and approve the unaudited financial statements for the nine-month period ending September 30, 2025. In compliance with PSX Regulations, the company has declared a “Closed Period” from October 23, 2025, to October 29, 2025, during which directors, CEOs, and executives are prohibited from trading in the company’s shares. This announcement ensures transparency and regulatory compliance, preventing insider trading during sensitive financial reporting periods. The meeting will take place at the 20th Floor, The Centre, Karachi at 4:00 PM.

📌 Key Takeaways

• 📅 Board meeting scheduled for October 29, 2025.
• 🏢 Meeting will be held at 4:00 PM at The Centre, Karachi.
• 💰 Agenda: Approval of unaudited financial statements.
• 🗓️ Financial period: Nine-month period ended September 30, 2025.
• 🔒 “Closed Period” declared from October 23 to October 29, 2025.
• 🚫 Trading restriction: No trading by directors/executives during the closed period.
• 📜 Compliance with PSX Regulations Clause 5.6.4.
• 📢 Announcement ensures transparency and prevents insider trading.
• ℹ️ TRE Certificate Holders informed accordingly.
• 📍 Meeting location: 20th Floor, The Centre, Plot No. 28, SB-5, Karachi.
• ✍️ Announcement by Muhammad Babar Din, Company Secretary.
• 🌐 Company website: www.js.com

🎯 Investment Thesis

A HOLD recommendation is appropriate given the lack of financial information. The announcement is purely procedural and doesn’t provide any basis for changing an existing investment stance. Further information from the approved financial statements is needed.