TREET

⚡ Flash Summary

Treet Corporation Limited’s upcoming Annual General Meeting (AGM) on October 27, 2025, includes several key resolutions. Shareholders will vote on approving loans and guarantees to associated undertakings like Treet Battery Limited (TBL), Renacon Pharma Limited (RPL), Loads Limited and First Treet Manufacturing Modaraba. They will also vote on the potential divestment of up to 231,639,658 ordinary shares of TBL and arm’s length related party transactions. The meeting will take place at Ali Auditorium, Lahore, and shareholders can participate in person, via proxy, or through video link.

📌 Key Takeaways

• 🗓️ AGM scheduled for October 27, 2025, at 10:30 a.m. in Lahore
• 🤝 Loans and guarantees sought for associated companies.
• 🏦 Up to PKR 5,200 million loan to Treet Battery Limited (TBL)
• 🛡️ Cross-corporate guarantees up to PKR 3,380 million for TBL.
• 💊 Up to PKR 1,000 million loan to Renacon Pharma Limited (RPL)
• 🤝 Cross-corporate guarantees up to PKR 1,800 million for RPL.
• ⚡ Up to PKR 3 million loan to Treet Power Limited (TPL)
• 🚚 Up to PKR 1,700 million loan to Loads Limited
• 🤝 Cross-corporate guarantees up to PKR 1,500 million for Loads Limited
• 🔄 Extension of guarantees up to PKR 572 million for First Treet Manufacturing Modaraba
• 📉 Possible divestment of up to 231,639,658 TBL shares.
• 🧾 Approval of related-party transactions.
• 🏦 Authorization for Board to approve related-party dealings until June 30, 2026.
• 🗳️ E-voting and postal ballot options available for resolutions.
• 🔗 Financial statements and other documents accessible online.

🎯 Investment Thesis

HOLD: The announcement does not provide enough information to change the current recommendation. The company is providing significant capital to subsidiaries, which is a high risk situation for which detailed information is required to analyze the impact on profitability. Any price target is contingent upon a full analysis of underlying financials and projected performance. Time horizon: MEDIUM_TERM