⚡ Flash Summary

Gulistan Spinning Mills Limited will hold its Annual General Meeting on October 28, 2025, in Karachi. The meeting will address the confirmation of the minutes from the last AGM and the review and adoption of the audited financial statements for the fiscal year ended June 30, 2025. The agenda includes the appointment of auditors for the fiscal year 2025-2026 and the fixing of their remuneration, with the retiring auditors, M/s Malik Haroon Ahmad & Co, offering themselves for reappointment. Shareholders are advised that the share transfer books will be closed from October 21 to October 28, 2025.

📌 Key Takeaways

• 🗓️ Annual General Meeting (AGM) scheduled for October 28, 2025, at 11:30 a.m. in Karachi.
• 🏢 AGM will be held at 2nd Floor Finlay House, I.I. Chundrigar Road.
• ✅ Agenda includes confirming minutes from the previous AGM.
• 🧾 Review and adoption of audited financial statements for the year ending June 30, 2025.
• 👨‍💼 Appointment of auditors for the fiscal year 2025-2026 is on the agenda.
• 💰 Remuneration for the appointed auditors will be determined.
• 🔄 Retiring auditors M/s Malik Haroon Ahmad & Co are eligible for reappointment.
• 🚫 Share transfer books will be closed from October 21 to October 28, 2025.
• ✉️ Proxies must be deposited at the Registered Office at least 48 hours before the meeting.
• 🆔 CDC Account Holders should bring their CNIC and participant ID for identification.
• 🏢 Corporate entities must provide a certified BOD resolution/power of attorney.
• 📡 Members can attend via video link by registering via email to m.ijaz@gulshan.com.pk before October 22, 2025.
• 📝 Members should notify any address changes to Shares Registrar M/s Hameed Majeed Associates.
• Lahore: October 07, 2025

🎯 Investment Thesis

Given the lack of financial information in the announcement, a definitive BUY/SELL/HOLD recommendation cannot be made. A HOLD recommendation is appropriate until further financial information becomes available, warranting a price target and time horizon to be determined upon further analysis.