Key Points and Decisions

• Financial Performance and Statements:
  • The Directors’ Statement and Audited Financial Statements for the year ended 31 July 2025 were received and adopted with 100% approval. This signals continued confidence in the management and the company’s financial health.
• Board Composition and Re-Elections:
  • Datuk Jema Anton Khan was re-elected as Non-Independent Non-Executive Chairman.
  • Mr Abdul Rahman Khan Bin Hakim Khan was re-elected as Executive Director and CEO.
  • Both directors received near-unanimous support, reaffirming investor confidence in current leadership.
• Directors’ Fees:
  • Directors’ fees of RM319,200 for the financial year ending 31 July 2026 were approved to be paid half-yearly in arrears. This is a stable compensation structure, indicating no significant changes in board remuneration.
• Auditor Re-Appointment:
  • PKF-CAP LLP was re-appointed as external auditors for the coming year, with directors authorized to fix their remuneration. This continues the company’s relationship with its current auditors, ensuring continuity in oversight.
• Share Issuance Authorities:
  • The Board was granted authority to allot and issue new shares, in line with the company’s Articles and SGX Catalist Rules. This gives the company flexibility to raise capital or support growth initiatives.
• Performance Share Plan and Employee Share Option Scheme:
  • Shareholders approved the Board’s authority to grant awards and issue shares under the Jawala Performance Share Plan and the Employee Share Option Scheme (ESOS). These programs are essential for incentivizing management and employees, aligning their interests with those of shareholders.
• Poll Results:
  • All resolutions were passed with overwhelming majority (100.00% for, negligible against), indicating strong support for management and proposed corporate actions.

Potentially Price Sensitive Issues

• Share Issuance Authority:
  • The approval to issue new shares and grant options under performance and employee schemes could be price sensitive. Should the Board choose to issue new shares or grant substantial employee options, this could impact the share supply and potentially dilute existing shareholders.
  • Investors should monitor subsequent announcements for any capital raising, acquisitions, or management incentive grants that may follow from these authorities.
• Performance Share Plan and ESOS:
  • The Board now has approval to grant new awards and options. If exercised at scale, this may affect earnings per share (EPS) and overall share float.

Other Noteworthy Information

• No Shareholder Questions or Opposition:
  • No questions were submitted before or during the AGM, and no opposition to any of the resolutions was recorded. This suggests investor satisfaction with the company’s direction and governance.
• Stable Leadership and Governance:
  • The re-election of key directors and continuation of existing auditors signals stability and continuity in governance and oversight.

Conclusion

The AGM of Jawala Inc. confirmed investor support for current management and governance structures. The most price-sensitive developments are the authorities granted for share issuances and employee incentive schemes. Investors should remain alert to any follow-up actions by the Board that could impact share supply, dilution, or management incentives.

Disclaimer: This article is a summary and analysis of Jawala Inc.’s AGM minutes for informational purposes only. Investors are advised to consult official company filings and seek professional advice before making investment decisions. The information herein does not constitute financial advice or an offer to invest.

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