⚡ Flash Summary

Janana De Malucho Textile Mills Ltd. has announced the publication of a postal ballot paper for its upcoming Annual General Meeting (AGM) scheduled for October 18, 2025. The meeting will address special business items, including the proposed sale of 134 Kanals of land adjacent to the Mills area and ratification of transactions with related parties. Shareholders are invited to vote on these resolutions via postal ballot, with specific instructions provided for submission. Rafaqat Babar & Co. Chartered Accountants have been appointed as scrutinizers for the special business resolutions.

📌 Key Takeaways

• 🗓️ AGM scheduled for October 18, 2025, at 11:00 A.M.
• ✉️ Postal ballot paper published for shareholder voting.
• 📄 Ballot published in ‘The Nation’ (English) and ‘Roznama Naw-e-Waqt’ (Urdu) on October 10, 2025.
• 🌐 Uploaded on the Company’s website as per Regulation 8.
• 🏞️ Resolution to sell 134 Kanals of freehold land adjacent to Mills area.
• 💰 Sale authorized at maximum realizable value, subject to shareholder approval.
• 🧑‍⚖️ Khalid Kuli Khan Khattak and CFO authorized to represent the Company.
• ✅ Authorization to complete legal formalities and file necessary documents.
• 🤝 Ratification of transactions with related parties during the year ended June 30, 2025.
• 👨‍💼 Chief Executive and Chief Financial Officer jointly authorized to approve related party transactions until June 30, 2026.
• ✍️ Postal ballot submission deadline: October 17, 2025, by 5 p.m.
• 🏢 Submission to Chairman at Janana De Malucho Textile Mills Limited, Habibabad Kohat, or janana.textile@gmail.com
• 🆔 CNIC copy required with the postal ballot form.
• ❌ Poll treated as ‘rejected’ if signatures don’t match or form is incomplete.
• 👨‍💼 M/s. Rafaqat Babar & Co. appointed as scrutinizer for Special Business Resolutions.

🎯 Investment Thesis

HOLD. The announcement mainly concerns procedural matters. Further information on the financials and the value from land sale is required before changing recommendation. Monitor shareholder voting outcomes and financial updates.