⚡ Flash Summary

Asim Textile Mills Limited will hold its Annual General Meeting on October 28, 2025, to discuss several key items. These include confirming the minutes from the previous AGM, adopting the audited accounts for the year ending June 30, 2025, and appointing auditors for the year ending June 30, 2026. A special resolution will be considered to enable the company to circulate annual financial statements via QR code and weblink, discontinuing the practice of circulating them through CDs. The meeting will also address any other business with the chair’s permission.

📌 Key Takeaways

• 🗓️ AGM Date: October 28, 2025, at 09:30 AM.
• 📍 Location: Registered office in Faisalabad.
• ✅ Agenda: Confirm minutes of the previous AGM held on October 28, 2024.
• 🧾 Financials: Adopt audited accounts for the year ended June 30, 2025.
• 🧑‍💼 Auditor Appointment: Appoint auditors for the year ending June 30, 2026.
• 🏢 Auditor Nominee: M/S Kreston Hyder Bhimji & Co. proposed as auditors.
• 🌐 Digital Circulation: Consider circulating financial statements via QR code and weblink.
• ❌ CD Discontinuation: Cease circulating financial statements through CDs.
• 📜 SECP Compliance: Ensure compliance with SECP S.R.O. 389(I)/2023.
• ⏳ Share Transfer Closure: Share transfer books closed from October 21-28, 2025.
• ✉️ Proxy Details: Proxy forms must be received 48 hours before the meeting.
• 🆔 Identification: Attendees must bring CNIC or Passport.
• 📧 Email Option: Shareholders can opt to receive notices via email.
• 🔗 Website: Financial statements available at www.asimtextile.com/AnnualReport/AnnualReport2025.pdf
• 💻 Virtual AGM: Shareholders can register to attend the AGM virtually.

🎯 Investment Thesis

Based solely on this AGM notice, a HOLD recommendation is appropriate. The notice does not provide enough information to change an existing investment thesis. A price target cannot be determined from this notice, and the time horizon is not relevant in this context.