⚡ Flash Summary

Service Industries Textiles Limited (SITL) has announced its 64th Annual General Meeting (AGM) scheduled for October 28, 2025, to be held at its registered office in Lahore. The AGM’s agenda includes confirming the minutes of the previous meeting, receiving and adopting the audited financial statements for the year ended June 30, 2025, and appointing statutory auditors for the year ending June 30, 2026. Additionally, the meeting will involve the election of seven directors for a three-year term commencing from October 31, 2025. The company has set a book closure from October 22, 2025, to October 28, 2025, and is providing a video conference facility for members.

📌 Key Takeaways

• 🗓️ AGM Date: October 28, 2025, at 09:30 a.m.
• 📍 Location: Registered Office, 38-Empress Road, Lahore.
• 📝 Agenda: Confirmation of minutes from the 63rd AGM held on October 28, 2024.
• ✅ Agenda: Adoption of annual audited financial statements for the year ended June 30, 2025.
• 🧑‍💼 Agenda: Appointment of statutory auditors for the year ending June 30, 2026.
• 🏢 Current Auditor: M/s Crowe Hussain Chaudhury & Co, eligible for reappointment.
• 🗳️ Election: Electing seven (07) directors for a three-year term starting October 31, 2025.
• 📅 Book Closure: October 22, 2025, to October 28, 2025 (inclusive).
• 🖥️ Video Conference: Facility available; members must submit consent 7 days prior to the meeting.
• 🌐 Financial Statements: Available on the company’s website: www.sitl.com.pk/financial-statements
• 🗳️ Postal Ballot: Possible if the number of director candidates exceeds the fixed number.
• 📜 Scrutinizer: M/s Abdul Rehman & Co Chartered Accountant appointed for voting.
• 💻 E-Voting Service Provider: M/s Corplink (Pvt) Limited.
• 🎁 No gifts or incentives will be distributed at the AGM.
• 🏦 Encouragement to convert physical shares to electronic form via CDC Sub-Account.

🎯 Investment Thesis

Based solely on this AGM notice, a HOLD recommendation is appropriate. This document doesn’t provide sufficient financial or operational information to justify a BUY or SELL. A more informed decision would necessitate analyzing the audited financial statements for the year ended June 30, 2025, alongside industry and economic conditions. Price target is NA without financial analysis.