Strength-5

⚡ Flash Summary

LSE Ventures Limited held its Annual General Meeting on November 27, 2025, and passed several resolutions. Key decisions included confirming the minutes of the previous EOGM, adopting the audited financial statements for the year ended June 30, 2025, and declaring a final cash dividend of Rs. 0.50 per share. The company also appointed Ilyas Saeed & Co. as external auditors for the year ending June 30, 2026. Shareholders approved changes to the Articles of Association to enable optional payout arrangements and ratified related party transactions.

📌 Key Takeaways

• ✅ Confirmed minutes of the Extraordinary General Meeting (EOGM) held on August 16, 2025.
• 📊 Adopted Annual Audited Financial Statements for the year ended June 30, 2025.
• 💰 Declared a final cash dividend of Rs. 0.50 per share for the year ended June 30, 2025.
• 🧑‍⚖️ Appointed M/s. Ilyas Saeed & Co. as external auditors for the year ending June 30, 2026 at the same remuneration as the previous auditors.
• 📜 Approved changes to the Memorandum/Articles of Association to enable optional payout arrangements.
• 💸 Authorized the issuance of bonus shares from any reserve, as per the Companies Regulations, 2020.
• 🤝 Implemented an optional payout structure where shareholders can choose between cash dividend or equity dividend (bonus shares).
• 🚫 Clarified that no dividend shall be paid otherwise than out of profits or undistributable profits; bonus shares can be paid from any reserves including capital reserves.
• 💸 Fixed the upper limit of investments/financing with associated companies/related parties at PKR 600 Mn.
• 📈 Set the minimum rate for advance/financing/loans to associated companies at six (6) months KIBOR+1%.
• ✅ Approved transactions with associated companies/related parties for the financial year ending June 30, 2026.
• 🤝 Ratified that all transactions with associated companies / related parties shall be placed before the shareholders for ratification in the subsequent general body meetings.
• 🧾 Ratified the related party transactions as provided in the relevant notes of the accounts for the period ended June 30, 2025.
• 💸 Approved payment of an annual equity management fee at 2% of the company’s paid-up capital to LSE Capital Limited.
• ✅ Ratified the termination of the Mutual Buy Out Agreement as of June 30, 2025.

🎯 Investment Thesis

Based on the information provided, a HOLD recommendation is appropriate. The company is distributing dividends and approving related party transactions within defined limits. More information about the company’s financial performance is needed to make a BUY or SELL recommendation. Price target cannot be defined due to lack of financial information. Time horizon: MEDIUM_TERM until further financial details are available.