⚡ Flash Summary

Ideal Spinning Mills Ltd. has announced its 37th Annual General Meeting (AGM) to be held on October 28, 2025. The meeting will cover standard items such as confirming minutes, adopting financial statements for the year ended June 30, 2025, and appointing auditors. Shareholders can participate physically or virtually via a video link facility. The company has also reminded shareholders to submit their CNIC copies to avoid dividend withholding and to convert physical shares into book-entry form.

📌 Key Takeaways

• 🗓️ AGM scheduled for October 28, 2025, at 10:15 a.m. in Karachi.
• 💻 Shareholders can attend the AGM physically or via video link.
• 📝 Agenda includes confirming minutes from the last EOGM held on August 11, 2025.
• 🏦 Review and adoption of audited financial statements for the year ended June 30, 2025.
• 👤 Appointment of auditors for the upcoming year and fixing their remuneration.
• ✉️ Shareholders interested in virtual attendance must register by October 24, 2025, via nadeem@idealsm.com.
• 🆔 Valid CNIC copy required for AGM registration and dividend eligibility.
• 📚 Share transfer books will be closed from October 18, 2025, to October 28, 2025.
• 🏢 Physical share transfers must be received by October 17, 2025, to be considered for the meeting.
• 🔐 Attendees must present original CNIC or passport for identity verification.
• 📜 Proxies must be appointed at least 48 hours before the meeting.
• ⚠️ Failure to submit CNIC copy may result in dividend withholding.
• 🏦 Shareholders urged to convert physical shares to book-entry form as per Companies Act, 2017.
• 🌐 Financial statements available on the company website: www.idealsm.com.
• 💰 Unclaimed dividends and shares can be enquired about with the Share Registrar, F.D Registrar Services.

🎯 Investment Thesis

Given the lack of financial data and the procedural nature of the announcement, a HOLD recommendation is appropriate. Further assessment requires a review of the company’s financial statements. No specific price target or time horizon can be determined based solely on this notice.