GEMPACRA

⚡ Flash Summary

The Pakistan Credit Rating Agency Limited (PACRA) has announced a board meeting scheduled for Tuesday, November 25, 2025, at its registered office in Lahore to consider corporate matters other than financial results. An Extraordinary General Meeting (EGM) will be held on December 29, 2025, to address the election of directors and the ratification of resolutions passed under ‘Special Business’ at the 31st Annual General Meeting (AGM) dated October 28, 2025, to address a procedural lapse. The announcement clarifies that there is no other material information to be disclosed at this time. This communication is intended for the Pakistan Stock Exchange Limited and TRE Certificate Holders.

📌 Key Takeaways

• 📅 PACRA’s board meeting set for November 25, 2025, focuses on non-financial corporate matters.
• 🏢 Meeting will be held at the Registered office of the Company FB1, Awami Complex, Usman Block, New Garden Town, Lahore.
• 🗳️ An Extraordinary General Meeting (EGM) scheduled for December 29, 2025, under the Companies Act, 2017.
• 💼 The EGM will address the election of directors.
• 📜 Ratification of resolutions from the 31st AGM dated October 28, 2025, will be considered.
• ⚠️ The resolutions relate to ‘Special Business’ to address a procedural lapse.
• ℹ️ No other material information is expected to be announced.
• 📢 TRE Certificate Holders of the Exchange will be informed accordingly.
• ✉️ The communication is addressed to the Pakistan Stock Exchange Limited.
• 🏢 PACRA’s Lahore office is located at FB-1, Awami Complex, Usman Block, New Garden Town.
• 👤 Iram Shahzadi is the Company Secretary.
• 🏛️ CC: The Executive Director/ HOD, Offsite- II Department Supervision Division, Securities & Exchange Commission of Pakistan, Islamabad.

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. The meeting addresses corporate governance matters, but no immediate financial implications are apparent. A more comprehensive analysis of PACRA’s financial performance is necessary to make a well-informed investment decision.

⚡ Flash Summary

The Pakistan Credit Rating Agency Limited (PACRA) will hold a board meeting on November 25, 2025, to discuss matters other than financial results. In compliance with Clause 5.6.4 of PSX Regulations, a closed period for dealing in the company’s shares is declared from November 18, 2025, to November 25, 2025. During this period, no Director, CEO, or Executive can trade PACRA shares directly or indirectly. The announcement informs TRE Certificate Holders of the Exchange and complies with regulatory requirements.

📌 Key Takeaways

• 🗓️ Board meeting scheduled for November 25, 2025, at 3:00 PM in Lahore.
• 🏢 Meeting to discuss matters other than financial results.
• 🔒 Closed period declared from November 18 to November 25, 2025.
• 🚫 No trading of shares by Directors, CEO, or Executives during the closed period.
• 📜 Compliance with Clause 5.6.4 of PSX Regulations.
• 🇵🇰 PACRA is the Pakistan Credit Rating Agency Limited.
• 📍 Meeting location: FB1, Awami Complex, Usman Block, New Garden Town, Lahore.
• ✉️ Notification sent to Pakistan Stock Exchange Limited.
• ℹ️ Information shared with TRE Certificate Holders.
• 📅 Announcement date: November 18, 2025.

🎯 Investment Thesis

HOLD. This announcement is a routine update about a board meeting and trading restrictions. It doesn’t provide sufficient information to change the investment thesis. Further information on the matters to be discussed in the meeting would be needed to re-evaluate.

⚡ Flash Summary

The Pakistan Credit Rating Agency (PACRA) has announced a board meeting to be held on Wednesday, October 29, 2025, to consider the 1st Quarterly accounts for the period ended September 30, 2025, and to deliberate on the declaration of any entitlement or other corporate actions. In accordance with Pakistan Stock Exchange regulations, PACRA has declared a “Closed Period” from October 22, 2025, to October 29, 2025. This period restricts directors, CEOs, and executives from dealing directly or indirectly in the company’s shares to ensure fair practices.

📌 Key Takeaways

• 📅 Board meeting scheduled for **October 29, 2025**, at 11:00 AM.
• 🏢 Meeting will be held at **FB-1, Awami Complex, Usman Block, new Garden Town, Lahore**.
• 📜 Agenda: Review of **1st Quarterly accounts ended September 30, 2025**.
• 💰 Possible discussion on declaration of **entitlements**.
• 💼 Consideration of **corporate actions**.
• 🔒 **Closed Period** declared from **October 22-29, 2025**.
• 🚫 Restriction on Directors, CEO, and Executives dealing in shares during the closed period as per **clause 5.6.4 of the PSX regulations**.
• 📢 Announcement made to inform **TRE Certificate Holders of the Exchange**.
• 📍 Registered office of the company is in **Lahore**.
• 🇵🇰 PACRA is the **Pakistan Credit Rating Agency Limited**.
• ℹ️ This announcement is regarding compliance with **Pakistan Stock Exchange Regulations**.

🎯 Investment Thesis

Given the lack of financial data, a HOLD recommendation is appropriate. Investors should await the outcome of the board meeting and the release of the quarterly results before making any investment decisions. The primary focus is on corporate governance and compliance.

⚡ Flash Summary

The Pakistan Credit Rating Agency Limited (PACRA) has announced a board meeting scheduled for Wednesday, October 29, 2025, at 11:00 AM to consider the 1st quarterly accounts for the period ended September 30, 2025, and to potentially declare entitlements or address other corporate actions. A closed period has been declared from October 22, 2025, to October 29, 2025, inclusive, during which directors, CEOs, and executives are prohibited from dealing in the company’s shares. This restriction is in accordance with clause 5.6.4 of the Pakistan Stock Exchange Regulations. The announcement was communicated to the General Manager of the Pakistan Stock Exchange and requests the TRE Certificate Holders of the Exchange be informed accordingly.

📌 Key Takeaways

• 🗓️ PACRA board meeting scheduled for October 29, 2025, at 11:00 AM.
• Quarterly accounts for the period ended September 30, 2025, will be considered.
• Possible declaration of entitlement or other corporate actions is on the agenda.
• 🚫 Closed period declared from October 22, 2025, to October 29, 2025.
• 🔒 Insiders are prohibited from dealing in company shares during the closed period.
• Regulatory compliance under clause 5.6.4 of Pakistan Stock Exchange Regulations.
• 📝 Announcement addressed to the General Manager, Pakistan Stock Exchange.
• ✉️ TRE Certificate Holders of the Exchange to be informed.
• 🏢 Meeting to be held at FB-1, Awami Complex, Usman Block, New Garden Town, Lahore.
• 🔍 Examination of 1st quarterly accounts is a key focus.

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. The information provided does not offer any insight into the company’s financial performance or strategic direction. Investors should await further information from the board meeting before making any investment decisions. The risk/reward is neutral until additional financial details are released.

⚡ Flash Summary

The Pakistan Credit Rating Agency Limited (PACRA) has announced a board meeting scheduled for October 29, 2025, at 11:00 AM to consider the 1st Quarterly accounts for the period ended September 30, 2025, and to declare any entitlement or other corporate actions. A closed period for dealing in the company’s shares has been declared from October 22, 2025, to October 29, 2025, inclusive. This restriction applies to all Directors, the CEO, and Executives. The announcement was made on October 22, 2025.

📌 Key Takeaways

• 🗓️ Board meeting scheduled for October 29, 2025, at 11:00 AM.
• 🏢 Meeting will be held at FB-1, Awami Complex, Usman Block, new Garden Town, Lahore.
• 📊 Agenda includes consideration of the 1st Quarterly accounts for the period ended September 30, 2025.
• 💰 Possible declaration of entitlement or other corporate actions.
• 🔒 Closed period declared from October 22, 2025, to October 29, 2025.
• 🚫 No Director, CEO, or Executive can deal in shares during the closed period as per clause 5.6.4 of the Pakistan Stock Exchange Regulations.
• 📜 Announcement made on October 22, 2025.
• ✉️ Addressed to the General Manager of the Pakistan Stock Exchange Limited.
• 📍 Registered office is in Lahore.
• 🏢 Company’s full name: The Pakistan Credit Rating Agency Limited.

🎯 Investment Thesis

HOLD. This announcement primarily informs of an upcoming board meeting to discuss quarterly results. A more definitive investment decision requires analysis of the financial results, which will be available after the meeting. The current information doesn’t provide enough insight to change the recommendation.

⚡ Flash Summary

The Pakistan Credit Rating Agency (PACRA) held its 31st Annual General Meeting (AGM) on October 28, 2025, where shareholders approved and adopted the annual audited standalone and consolidated financial statements for the year ended June 30, 2025. They also re-appointed BDO Ebrahim & Co. as the statutory auditors for the year ending June 30, 2026. The shareholders ratified transactions conducted with related parties for the year ended June 30, 2025 and authorized the Board of Directors to approve related party transactions for the financial year ending June 30, 2026. Furthermore, the company is authorized to circulate its Annual Report to its members through QR enabled code and weblink.

📌 Key Takeaways

• ✅ Shareholders approved the Annual Audited Standalone and Consolidated Financial Statements for the year ended June 30, 2025.
• 🤝 BDO Ebrahim & Co. was re-appointed as the Statutory Auditors for the year ending June 30, 2026.
• 💰 Auditor remuneration for 2025-2026 will be fixed and approved by the Board of Directors.
• 🤝 Transactions with Related Parties for the year ended June 30, 2025, were ratified and approved.
• ⭐ The Board of Directors is authorized to approve transactions with related parties for the financial year ending June 30, 2026.
• 📄 Transactions approved by the Board will be placed before the shareholders in the next AGM for formal ratification/approval.
• 🌐 The company is authorized to circulate its Annual Report to its members through QR enabled code and weblink.
• 🗓️ The 31st AGM was held on October 28, 2025.
• 🏢 The AGM took place at FB-1, Awami Complex, Usman Block, New Garden Town, Lahore.
• 📜 Resolutions were passed in accordance with Regulation No. 5.6.9 (b) of the Rule Book of Pakistan Stock Exchange Limited.
• 🏦 The company is The Pakistan Credit Rating Agency Limited.
• 🤝 Related party transactions disclosed in Note 36 were ratified.
• ✅ All reports, including the Chairman’s Review, Directors’, and Auditors’ reports, were approved.

🎯 Investment Thesis

Given the lack of financial information, a HOLD recommendation is appropriate. Further information, specifically the annual report’s financial statements, is needed to form a more informed investment opinion. Until then, the procedural nature of the announcement doesn’t provide sufficient basis for a BUY or SELL recommendation.