⚡ Flash Summary

Idrees Textile Mills Limited has announced the 36th Annual General Meeting (AGM) scheduled for November 27, 2025, at Hotel Faran in Karachi. Shareholders will review the audited financial statements for the year ended June 30, 2025. The agenda includes confirming minutes from the last AGM, appointing auditors for the year ending June 30, 2026, and addressing any other business. The company has provided a link to download the audited financial statements and has advised shareholders on procedures for attending the AGM, including video link registration and proxy appointments.

📌 Key Takeaways

• 🗓️ The 36th Annual General Meeting (AGM) is set for November 27, 2025, at 11:45 am in Karachi.
• 🏦 The meeting will be held at Hotel Faran, 8-A, P.E.C.H.S, Block-6 Main Shahra-e-Faisal, Karachi.
• ✅ The agenda includes confirming the minutes of the previous AGM held on November 27, 2024.
• 📄 Shareholders will review standalone and consolidated annual audited financial statements for the year ended June 30, 2025.
• 👨‍💼 Auditors will be appointed for the year ending June 30, 2026, with M/s BDO Ebrahim & Co. offering reappointment.
• 🌐 The audited financial statements can be downloaded via the provided link: https://idreestextile.com/wp-content/uploads/2025/10/Annual-Report-2025-1-8.pdf
• ✉️ Shareholders must promptly notify any change in their addresses.
• 🚫 Share transfer books will be closed from November 19, 2025, to November 27, 2025.
• 🤝 A member can appoint a proxy, with proxies to be received 48 hours before the meeting.
• 🖥️ CDC account holders should follow guidelines issued by the Securities & Exchange Commission of Pakistan (SECP).
• 📹 Shareholders can register for video link attendance by emailing secretary@idreestextile.com before November 21, 2025.
• 🏦 Members are requested to provide their International Banking Account Number (IBAN) and CNIC copy.
• 📑 Physical shares are to be replaced with book entry form as per the Companies Act, 2017.
• 📢 Shareholders holding at least 10% of paid-up capital in a city can demand video-link facility.
• 💰 Unclaimed dividends/shares can be enquired about with Share Registrar JWAFFS Registrar Services (Pvt) Ltd.

🎯 Investment Thesis

Without the ability to analyze current financial data, a clear investment thesis cannot be established. Given the lack of financial insight, a HOLD recommendation is appropriate. A definitive BUY or SELL recommendation necessitates access to the audited financial statements to evaluate financial performance, growth prospects, and underlying value. A price target cannot be estimated without the financial statements.