⚡ Flash Summary

Crescent Fibres Limited has announced an addendum to the notice of its Annual General Meeting, scheduled for October 28, 2025. The addendum provides further information on related party transactions, specifically detailing the nature of these transactions and the amounts involved for both 2025 and 2024. Shareholders are requested to approve these transactions and authorize the board to approve future transactions subject to shareholder ratification at the next AGM. The company is also seeking approval for the circulation of the Annual Report via QR code and weblink to promote corporate social responsibility and sustainability.

📌 Key Takeaways

• 📅 AGM Date: October 28, 2025, at 9:30 a.m.
• 💻 Video Conference: Facility available; request by October 25, 2025.
• 🤝 Related Party Transactions: Detailed for shareholder approval.
• 🧶 Yarn/Cotton Sales: Transactions with associated companies/undertakings.
• 💰 Retirement Benefits: Contribution to provident fund detailed.
• 🏢 Rent Received: From directors and close relatives disclosed.
• 💸 Insurance Premium: Payments specified.
• 💰 Remuneration & Benefits: To directors and relatives itemized.
• ✅ Board Approval: Related party transactions approved by the Board and Audit Committee.
• 📜 Section 207 & 208: Transactions requiring shareholder approval.
• 🗓️ Future Transactions: Board authorized for future related party transactions, subject to AGM ratification.
• 🌐 QR Code Annual Reports: Seeking approval for digital circulation.
• 🌱 Sustainability: Aim to fulfil corporate social responsibility towards the environment.
• 📄 S.R.O. 389(I)/2023: Circulation in accordance with regulatory guidelines.
• 2025 vs 2024: Financial amounts are provided for both years for comparison.

🎯 Investment Thesis

Based on the limited information, a HOLD recommendation is appropriate. The related party transactions warrant careful monitoring, but without a broader financial assessment, a change in recommendation is not justified. More information is needed to determine the true impact on company value.