SSGC

⚡ Flash Summary

Sui Southern Gas Company (SSGC) has announced an Extraordinary General Meeting (EOGM) to be held on December 23, 2025, both physically and via audio/video link. The primary agenda is to confirm the minutes of the 71st Annual General Meeting and to elect eleven directors for a three-year term. Shareholders are required to register for participation and can appoint proxies. The notice details procedures for attending the meeting, casting votes, and submitting required documents for director elections.

📌 Key Takeaways

• 🗓️ EOGM scheduled for December 23, 2025, at 11:30 a.m. PST.
• 🏢 Meeting at Jade Hall, Arena, and via audio/video link.
• ✔️ Confirmation of minutes from the 71st AGM on November 27, 2025.
• 🗳️ Election of eleven directors for a 3-year term as per Companies Act, 2017.
• 🔄 Retiring directors eligible for re-election include Dr. Shamshad Akhtar and Mr. Muhammad Raziuddin Monem.
• 🔗 Procedures detailed for audio/video link participation.
• 🔒 Share transfer books closed from December 16 to December 23, 2025.
• 👤 Proxy appointments require submission 48 hours before the meeting.
• 🆔 CDC account holders must follow SECP guidelines for identification.
• 📝 Candidates for director election must submit documents 14 days prior to the meeting.
• 🌐 Required forms available on SSGC’s website.
• ✉️ Minority shareholders’ representation details included.
• 🚫 Prohibition of gifts or incentives to shareholders at the meeting.

🎯 Investment Thesis

Based on the provided announcement, a HOLD recommendation is appropriate. The EOGM is a routine governance event, and there is no immediate catalyst to change the current investment stance. Investors should monitor the composition of the new board and their strategic direction for potential impacts on SSGC’s future performance. The price target and time horizon will depend on subsequent financial disclosures and strategic developments.

⚡ Flash Summary

SSGC’s board meeting was held on November 29, 2025, but the first quarter accounts for the period ending September 30, 2025, were not considered. This is because the Board Audit Committee did not formally recommend them to the full Board. Consequently, the closed period will continue until the accounts are approved and announced to the PSX through PUCARS. A formal board meeting intimation letter will be sent to the PSX for consideration of the first-quarter accounts in due course.

📌 Key Takeaways

• 🗓️ Board meeting held on November 29, 2025.
• ❌ First Quarter Accounts for the period ended September 30, 2025, were not taken up.
• ⚠️ Accounts not formally recommended by the Board Audit Committee.
• 🔒 Closed Period continues from November 29, 2025.
• ✅ Closed period continues until accounts are approved by the Board of Directors.
• 📢 Accounts will be announced to PSX through PUCARS after approval.
• ✉️ A formal Board Meeting intimation letter to PSX will be sent in due course.
• 🇵🇰 Compliance with Pakistan Stock Exchange and SECP/CRO, Karachi requirements.
• شفاف Company committed to full transparency and adherence to laws and regulations.

🎯 Investment Thesis

Given the delay in the release of financial results, a HOLD recommendation is appropriate. Once the first-quarter accounts are released and analyzed, the recommendation should be revisited. Without current financials, establishing a price target is not feasible. Time horizon: Reassess in 1-3 months upon financial release.

⚡ Flash Summary

SSGC (Sui Southern Gas Company Limited) has announced an Extraordinary General Meeting (EOGM) to be held, as per the notice issued on November 28, 2025. This meeting complies with Clause 5.6.9(b) of the Rule Book of the Exchange and concerns matters requiring shareholder approval outside of the company’s Annual General Meeting. The notice of the EOGM will be published in newspapers on December 1, 2025, indicating the resolutions to be discussed and voted upon by the shareholders. Shareholders are advised to review the notice for details regarding the agenda and procedures for participating in the EOGM.

📌 Key Takeaways

• 📅 EOGM scheduled following the announcement on November 28, 2025.
• 📰 Notice will be published in newspapers on December 1, 2025.
• 📜 Compliance with Clause 5.6.9(b) of the Exchange Rule Book.
• 🤝 Shareholders are to vote on resolutions.
• 🏢 Meeting pertains to company decisions requiring shareholder consent.
• 🧐 Review meeting agenda for details.
• 📍 The EOGM serves as a forum for discussions on key company matters.
• ✅ Shareholders should understand their voting rights and participate accordingly.
• ℹ️ Consult the official notice for comprehensive details and procedural guidelines.
• ❓ Clarify any doubts prior to the EOGM through established channels.

🎯 Investment Thesis

HOLD. This announcement alone doesn’t provide sufficient information to change an existing investment stance. Investors should await the details of the resolutions to be considered at the EOGM before reassessing their position. The impact will depend on the specific proposals.

⚡ Flash Summary

Sui Southern Gas Company Limited (SSGC) held its 71st Annual General Meeting on November 27, 2025, where shareholders adopted the annual audited financial statements for the year ended June 30, 2025. A final cash dividend of Re 0.5 per share (5%) was approved for the same period. The company also re-appointed M/s. BDO Ebrahim & Co. as external auditors for FY 2025-26 with a remuneration of Rs. 7.31 million, excluding out-of-pocket expenses. These resolutions indicate a continuation of current financial practices and shareholder returns.

📌 Key Takeaways

• ✅ Annual Audited Financial Statements for the year ended June 30, 2025, were adopted.
• 💰 A final cash dividend of Re 0.5 per share (5%) was approved for the year ended June 30, 2025.
• 🗓️ Dividend payable to shareholders registered as of November 19, 2025.
• 🏢 M/s. BDO Ebrahim & Co. re-appointed as external auditors for FY 2025-26.
• 💼 Auditor remuneration set at Rs. 7.31 million for FY 2025-26, excluding out-of-pocket expenses.
• 🤝 Resolutions passed at the 71st AGM held on November 27, 2025, in Karachi.
• 📜 Resolutions adopted by shareholders present in person/proxy or through electronic means.
• 📅 AGM held at Arena, Jade Hall, Karsaz Service Road, Karachi at 11:00 am.
• ✉️ Resolutions certified by Company Secretary, Fawad Ahmed Khan.
• 🏢 SSGC’s registered office is located at Gulshan-e-Iqbal, Karachi.

🎯 Investment Thesis

HOLD. The announcement provides limited information for a definitive investment decision. The dividend is positive, but further financials are needed to assess long-term value. A neutral stance is warranted until more comprehensive financial data is available.

⚡ Flash Summary

SSGC announced: Board Meeting. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• SSGC made announcement: Board Meeting
• 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 SSGC. Manual verification required.

⚡ Flash Summary

SSGC announced: Board Meeting. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• SSGC made announcement: Board Meeting
• 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 SSGC. Manual verification required.

⚡ Flash Summary

SSGC announced: Board Meeting. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• SSGC made announcement: Board Meeting
• 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 SSGC. Manual verification required.