⚡ Flash Summary

Dewan Farooque Spinning Mills Limited is holding its 22nd Annual General Meeting (AGM) on October 27, 2025, to confirm minutes from the previous meeting, adopt financial statements for the year ended June 30, 2025, and appoint statutory auditors for the year ending June 30, 2026. The meeting will take place at the Dewan Cement Limited Factory Site in Karachi. Shareholders can attend physically or via video conference or Zoom, subject to fulfilling certain conditions. The company also reminds shareholders to convert physical shares to book-entry form and update their contact information.

📌 Key Takeaways

• 🗓️ AGM Date: October 27, 2025, at 3:00 p.m.
• 🏢 Location: Dewan Cement Limited Factory Site, Karachi.
• ✅ Agenda: Confirm prior AGM minutes (Nov 28, 2024).
• 📈 Agenda: Adopt financial statements for the year ended June 30, 2025.
• 🧑‍⚖️ Agenda: Appoint statutory auditors for the year ending June 30, 2026.
• 🔒 Share Transfer Book Closure: October 20-27, 2025.
• 🗳️ Proxy: Allowed, must be received 48 hours before AGM.
• 📜 CDC Account Holders: Follow SECP Circular 1 guidelines from January 26, 2000.
• 📧 Electronic Statements: Available upon request, consent needed.
• 📹 Video Conference: Available, requires 10% shareholding consent 7 days prior.
• 💻 Zoom Attendance: Possible, registration required by October 25, 2025.
• 🏦 Physical Shares: Convert to Book-Entry (CDC) form.
• 📝 Update Particulars: Notify Share Registrar of any address changes.
• 🚫 No Gifts: In accordance with SECP directive SRO 452 (1)/2025.
• 🌐 Website: Further details at http://www.yousufdewan.com/Dfsml/index.html

🎯 Investment Thesis

Based on the announcement alone, a ‘HOLD’ recommendation is appropriate. The announcement is procedural and does not offer insights into current financial performance. A change in recommendation would require a thorough analysis of financial results and industry outlook.