⚡ Flash Summary
Amtex Limited’s Notice of Annual General Meeting scheduled for October 28, 2025, includes ordinary business such as confirming the minutes of the Extraordinary General Meeting held on June 24, 2025, adopting the audited accounts for the year ended June 30, 2025, and re-appointing external auditors. A key item is the special resolution to ratify and approve transactions with related parties, covering those already executed and authorizing future transactions up to June 30, 2026. Members are granted the ability to attend virtually or appoint a proxy. Financial statements are available on the company’s website.
📌 Key Takeaways
- 🗓️ Annual General Meeting (AGM) on October 28, 2025, at 11:00 A.M. in Faisalabad.
- ✔️ Confirmation of minutes from Extraordinary General Meeting on June 24, 2025.
- 🧾 Adoption of audited accounts for the year ending June 30, 2025.
- 👨💼 Re-appointment of M/s. Zahid Jamil & Company as external auditors for 2025-26.
- 🤝 Ratification of transactions with related parties for the year ending June 30, 2025.
- ✅ Authorization for the Company to enter into related party transactions until June 30, 2026.
- 🛡️ Board Audit Committee to review and approve related party transactions.
- 🌐 Financial statements available on the company’s website (www.amtextile.com).
- 🗳️ Members can vote via postal ballot or electronically, subject to certain conditions.
- 💻 E-voting facility available from October 24-26, 2025 for eligible members.
- 📧 Virtual attendance requires email registration to general.meetings@amtextile.com.
- 🏢 Proxy forms must be received 48 hours before the meeting at the registered office.
- 📹 Video conference facility available with advance notice and conditions.
- 🔄 Share transfer books closed from October 20-28, 2025.
🎯 Investment Thesis
Based on the limited information, a HOLD recommendation is appropriate. Further analysis of the company’s financials, particularly the details of related party transactions is needed before a buy or sell decision. Further review of the 2025 Annual Report is needed.
Disclaimer: AI-generated analysis. Not financial advice.