PKGI

⚡ Flash Summary

This newspaper advertisement announces the Extraordinary General Meeting (EOGM) of The Pakistan General Insurance Company Limited (PKGI). The meeting will be held to discuss and approve the issuance of ordinary shares. Shareholders are invited to attend or appoint proxies. The notice outlines the procedures for attending the meeting, submitting proxies, and accessing the company’s information.

📌 Key Takeaways

• 📅 EOGM is scheduled, indicating potential corporate actions.
• shares issuance is on the agenda, likely diluting existing equity. 📉
• Shareholders can attend or appoint proxies. 🤝
• Proxy forms must be submitted 48 hours before the meeting. ⏰
• Details on attending the meeting are provided. 📍
• Information is available at the company’s registered office. 🏢
• AGM date and time are clearly specified.
• Meeting agenda includes shareholder approval matters.
• Notice is compliant with regulatory requirements. ✅
• Board authorized notice publication. ✍️
• Attendance requires following company protocols.
• Potential for capital raising to boost growth. 🌱
• Impacts of new share issuance should be analyzed. 🔎

🎯 Investment Thesis

HOLD. The announcement of an EOGM for share issuance introduces uncertainty. While raising capital can be positive, potential dilution necessitates a cautious approach. A HOLD rating is appropriate until the specifics of the share issuance are clarified and its potential impact on valuation can be assessed. Further information about the offering will be crucial.

⚡ Flash Summary

Pakistan General Insurance Company Limited (PKGI) has announced an Extraordinary General Meeting (EOGM) to be held on December 15, 2025. The primary agenda items include increasing the authorized share capital from PKR 500,000,000 to PKR 2,000,000,000 and issuing up to 93,600,000 ordinary shares for consideration other than cash to Mr. Shahzad Habib and Mrs. Bushra Shahzad, in equal proportion. This move is aimed at complying with minimum capital requirements set by the Securities and Exchange Commission of Pakistan (SECP) and strengthening the company’s capital base. The issuance is linked to acquiring a commercial property and requires shareholder and SECP approval.

📌 Key Takeaways

• 🗓️ EOGM is scheduled for December 15, 2025, at 11:00 a.m. at the Head Office in Multan.
• ⬆️ Authorized share capital to increase from PKR 500 million to PKR 2 billion.
• 🏢 The number of ordinary shares will increase from 50,000,000 to 200,000,000, each with a face value of PKR 10.
• ✅ Approval sought for amendments to the Memorandum and Articles of Association to reflect the increased authorized capital.
• 🤝 Issuance of up to 93,600,000 Ordinary Shares to Mr. Shahzad Habib and Mrs. Bushra Shahzad.
• 🔄 Shares will be issued for consideration other than cash, specifically for a prime commercial property.
• ⚖️ The share issuance is subject to compliance with Section 83(1)(b) of the Companies Act, 2017, and SECP approval.
• 🏦 The property being considered for the share issuance is valued by Al-Hadi Legal and Financial Consultants.
• 🎯 The purpose of the share issuance is to meet minimum capital requirements notified by SECP vide SRO.310(I)/2025.
• 📈 This issuance will increase the existing paid-up capital share by up to 187.2%.
• 🛑 Share transfer books will be closed from December 8, 2025, to December 15, 2025.
• 💻 Online participation in the EOGM is facilitated, with registration required by December 8, 2025.
• ✉️ Shareholders can send comments and suggestions by December 12, 2025, to info@pgi.com.pk.
• 🚫 Distribution of gifts to members at or in connection with general meetings is strictly prohibited as per SECP directives.
• 🗳️ Members can exercise their right to poll/postal ballot, subject to meeting the requirements of the Companies Act, 2017.

🎯 Investment Thesis

HOLD. While the company is taking steps to strengthen its capital base and meet regulatory requirements, it has remained dormant for an extended period. The proposed equity issuance to key shareholders signals confidence from within, but the absence of recent operational data warrants a wait-and-see approach. A price target is difficult to establish due to the company’s operational dormancy but HOLD until more is known about the company’s financial performance after its operational revival.

⚡ Flash Summary

The Pakistan General Insurance Company Limited (PKGI) held a board meeting on November 21, 2025, where key resolutions were passed. The board approved and recommended increasing the authorized share capital from Rs. 500,000,000 to Rs. 2,000,000,000, subject to shareholder approval at an Extraordinary General Meeting (EOGM) scheduled for December 15, 2025. Additionally, the board approved and recommended issuing up to 93,600,000 ordinary shares for consideration other than cash to Mr. Muhammad Shahzad Habib and Mrs. Bushra Shahzad, also pending shareholder approval and compliance with relevant regulations. The Company Secretary is authorized to finalize and file all necessary documents.

📌 Key Takeaways

• 🗓️ Board meeting held on November 21, 2025, to discuss key resolutions.
• 💰 Authorized share capital to increase from Rs. 500,000,000 to Rs. 2,000,000,000, pending EOGM approval.
• 📈 The increase involves raising the number of ordinary shares from 50,000,000 to 200,000,000 (Rs. 10/- each).
• 🤝 Board recommends amendments to the Memorandum and Articles of Association.
• ✅ Amendments aim to reflect the revised Authorized Share Capital.
• 📄 Company Secretary authorized to file statutory documents with SECP, PSX, and CDC.
• 📢 An Extra Ordinary General Meeting (EOGM) will be held on December 15, 2025.
• ✉️ Draft EOGM notice and statement under Section 134(3) approved for issuance to shareholders.
• 💸 Issuance of up to 93,600,000 ordinary shares (Rs. 10/- each) approved, not for cash.
• 🧑‍🤝‍🧑 Shares to be issued to Mr. Muhammad Shahzad Habib and Mrs. Bushra Shahzad in equal proportion.
• ⚖️ Issuance is subject to Companies Act, 2017, and SECP/PSX approval.
• 📊 Company Secretary to prepare valuation reports, explanatory notes, and EOGM materials.
• ✔️ Any other business was discussed and noted with the Chair’s permission.

🎯 Investment Thesis

Given the limited financial information and the focus on corporate actions, a HOLD recommendation is appropriate. The increase in authorized share capital and potential share issuance could have both positive and negative implications. Further information is needed to assess the long-term impact on the company’s financial performance and valuation. A price target and more definitive investment decision would require a deeper dive into the company’s financials, strategic plans, and industry outlook.

⚡ Flash Summary

PKGI announced: Notice of Board of Directors Meeting. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• PKGI made announcement: Notice of Board of Directors 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 PKGI. Manual verification required.

⚡ Flash Summary

Pakistan General Insurance Company Limited (PKGI) responded to a letter from the Pakistan Stock Exchange (PSX) regarding unusual movements in the company’s stock price and trading volume. The company stated that it is unaware of any undisclosed price-sensitive information that could have contributed to the recent market activity. PKGI affirmed that all current business activities are being conducted normally and in compliance with regulations. The company also reiterated its commitment to transparency and timely disclosure of any future material information through PUCARS, adhering to PSX regulations.

📌 Key Takeaways

• 📢 PKGI responded to PSX letter regarding unusual stock activity.
• 🧐 The company denies awareness of any undisclosed price-sensitive information.
• ✅ PKGI affirms adherence to Section 97 of the Securities Act, 2015 and Clause 5.6.3 of PSX Regulations.
• 💼 All activities are conducted in the ordinary course of business.
• 🛡️ The company commits to transparency and timely disclosure.
• 🏦 PKGI assures compliance with PSX Regulation 5.6.1.
• 🔍 Monitoring market developments for potential future disclosures.
• 📑 The response is dated November 3, 2025.
• 🏢 Head office located in Multan.
• 📍 Register office located in Lahore.
• 🌐 Website: www.pgi.com.pk
• ✉️ Email: info@pgi.com.pk

🎯 Investment Thesis

Given the lack of financial information and the nature of the announcement, a HOLD recommendation is appropriate. The statement provides no new information to drive a change in investment strategy. More comprehensive financial releases are needed for a thorough assessment.

⚡ Flash Summary

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

📌 Key Takeaways

• PKGI 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 PKGI. Manual verification required.

⚡ Flash Summary

PKGI announced: Board Meeting on Capital Strengthening & Takaful Conversion. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• PKGI made announcement: Board Meeting on Capital Strengthening & Takaful Conversion
• 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 PKGI. Manual verification required.