First National Equities Limited concludes Annual General Meeting 2025

By Commerce Reporter

LAHORE: First National Equities Limited (FNEL) is pleased to announce that its Annual General Meeting (AGM) for the year 2025 was successfully held on October 28, 2025, at the Company’s registered office in Lahore.

The shareholders of the company unanimously approved all agenda items, reaffirming their confidence in the Company’s strategic direction and future growth plans.

The shareholders of the Company, in their Annual General Meeting, have approved the Annual Audited Financial Statements for the year ended June 30, 2025, together with the Chairman’s Review Report, Directors’ Report, and Independent Auditors’ Report thereon.

Furthermore, the shareholders have also approved the appointment of M/s. Muniff Zia Uddin & Co., Chartered Accountants, as the new Statutory Auditors of the Company for the financial year 2025 – 26.

Pursuant to the FNEL’s ongoing commitment of achieving long-term diversification and value creation, the shareholders of the Company have duly approved the following key initiatives, demonstrating their continued faith in the Company’s strategic direction:

The divestment of up to 20% equity stake from the Company’s strategic investment in Kingbhai Digisol (Private) Limited for a total consideration of PKR 280 million. The transaction represents a strong valuation benchmark, with the enterprise value of the investee company independently assessed by the experts at approximately PKR 1.5 billion. The company has also been authorized to execute partial or full divestment of its strategic investment, as deemed appropriate, on the most favorable market terms.

Investment of up to PKR 400 million in FNE Developments (Pvt.) Ltd., a wholly owned subsidiary, to strengthen its real estate portfolio.

Authorization of further investment up to PKR 500 million in the pharmaceutical sector, either through acquisition or establishment of a manufacturing facility, marking FNEL’s strategic entry into a high-growth industry.

The Board and management express gratitude to all shareholders for their continued trust and support as FNEL advances toward becoming a diversified, growth-oriented investment platform.