⚡ Flash Summary

Dewan Farooque Motors Limited (DFML) has announced an Extra Ordinary General Meeting (EOGM) to be held on December 19, 2025, in Karachi. The primary agenda items include confirming the minutes of the previous Annual General Meeting and the election of seven directors. Shareholders can participate via video conference or Zoom, subject to certain conditions. The company has also provided instructions for e-voting, postal ballot, and updating shareholder particulars, while restricting the distribution of gifts at the EOGM.

📌 Key Takeaways

• 📅 EOGM scheduled for December 19, 2025, at 11:00 a.m. at Dewan Cement Limited Factory Site in Karachi.
• 📝 Agenda includes confirming minutes from the Annual General Meeting held on November 28, 2024.
• 🗳️ Election of seven directors as per Section 159 of the Companies Act, 2017.
• 🏢 Retiring directors include Mr. Waseem-ul-Haque Ansari, Mr. Abdul Basit, Mr. Mehmood-Hassan Asghar, Mr. Muhammad Hanif German, Mr. Ghazanfar Baber Siddiqi, Mr. Aziz-ul-Haque, and Mrs. Nida Jamil.
• 🔒 Share transfer books will be closed from December 13 to December 19, 2025.
• 🤝 Shareholders can appoint a proxy to attend and vote on their behalf, proxies must be received 48 hours before the meeting.
• 📱 CDC Account Holders must follow guidelines issued by the Securities and Exchange Commission of Pakistan (SECP) in Circular 1 dated January 26, 2000.
• 📧 Members can attend via Zoom; registration required by sending a request to dfml.corp@yousufdewan.com by December 17, 2025.
• 🖥️ Video conference facility available if the company receives consent from members holding 10% or more shares at least seven days prior to the meeting.
• 📊 Physical shareholders are encouraged to deposit their shares into a CDC account.
• 🌐 E-voting details will be shared via email with members who have valid CNIC numbers, cell numbers, and email addresses in the company’s register.
• ✉️ Voting through postal ballot is allowed as per the Companies (Postal Ballot) Regulations, 2018.
• 👤 M/s. Faruq Ali & Co., Chartered Accountants, appointed as the scrutinizer for the election of directors.
• 🚫 No gifts will be distributed at the EOGM as per SECP directive SRO 452 (1)/2025 dated March 17, 2025.
• 📢 Shareholders are requested to promptly notify any change in their address to the Company’s Share Registrar.

🎯 Investment Thesis

Based solely on this EOGM announcement, a HOLD recommendation is appropriate. The notice provides no new information to change the existing investment thesis. A more informed decision would require a comprehensive analysis of DFML’s financial performance, strategic direction, and market conditions. I would require more information about the financial condition of DFML before providing a buy or sell recommendation.