⚡ Flash Summary

Reliance Cotton Spinning Mills Limited (RCML) has announced an Extraordinary General Meeting (EOGM) to be held on December 8, 2025, to seek shareholder approval for a Scheme of Arrangement with Sapphire Fibres Ltd. The Scheme, under Sections 279-283 of the Companies Act, 2017, involves the reduction of RCML’s share capital through cancellation of ordinary shares. Shareholders are requested to vote on this resolution via postal ballot, with the deadline for submission being December 4, 2025.

📌 Key Takeaways

• 🗓️ EOGM scheduled for December 8, 2025, at 3:00 PM in Karachi.
• ✉️ Voting via postal ballot is required for shareholders.
• 🤝 Scheme of Arrangement proposed with Sapphire Fibres Ltd.
• 📜 The Scheme falls under Sections 279-283 of the Companies Act, 2017.
• ✂️ Key action: Reduction of RCML’s issued, subscribed, and paid-up share capital.
• ❌ Share capital reduction achieved through cancellation of ordinary shares.
• ✅ Approval from the High Court is necessary for the Scheme.
• ⚖️ Compliance with applicable laws and regulations is required.
• 📧 Duly filled ballot papers to be sent to contact@sapphiretextiles.com.pk or physically mailed.
• ⏳ Ballot submission deadline: December 4, 2025.
• 🆔 Signature on ballot must match CNIC/Passport.
• 🏢 For corporate entities, Board Resolution/Power of Attorney needed.
• 🌐 Ballot paper also available on the company website: www.sapphire.com.pk/rcsml.

🎯 Investment Thesis

Without detailed financial information, a HOLD recommendation is appropriate. Investors should await further details on the Scheme of Arrangement, particularly the financial implications, before making any investment decisions.