⚡ Flash Summary
J.A. Textile Mills Limited has announced its Annual General Meeting (AGM) to be held on October 28, 2025. Key items on the agenda include confirming the minutes of the previous meeting, adopting the audited accounts for the year ending June 30, 2025, and appointing auditors for the year ending June 30, 2026. A special resolution will be considered to allow the company to circulate annual audited financial statements via QR code and weblink. The share transfer books will be closed from October 21, 2025, to October 28, 2025.
📌 Key Takeaways
- 🗓️ AGM scheduled for October 28, 2025, at 09:00 AM.
- ✅ Agenda includes confirming minutes of the Extraordinary General Meeting held on 30.11.2024.
- 💰 Adoption of audited accounts for the year ending June 30, 2025.
- 👨💼 Appointment of auditors for the year ending June 30, 2026; Kreston Hyder Bhimji & Co. recommended.
- 🌐 Special resolution to circulate annual financial statements via QR code and weblink.
- 🔒 Share transfer books closed from October 21, 2025, to October 28, 2025.
- ✉️ Deadline for transfers: October 20, 2025.
- 👥 Proxy appointments must be submitted 48 hours before the meeting.
- 🆔 CDC holders must bring CNIC or Passport.
- 💻 Encourages shareholders to provide CNIC for dividend warrants as per SECP directives.
- 📧 Shareholders can opt to receive statements via email by submitting a request form.
- 🔗 Website for request form: www.jatml.com.
- 🏢 Video conference facility available if requested by shareholders holding 10% or more shares.
- 📍 Video conference request must be submitted 7 days prior to the meeting.
- ✉️ Registration for virtual AGM participation via email: export@jkhouse.biz.
🎯 Investment Thesis
Given the lack of financial information in the AGM notice, a definitive BUY/SELL/HOLD recommendation cannot be made. A HOLD rating is assigned pending a review of the financial statements to be presented at the AGM. Price target and time horizon cannot be determined without further financial analysis.
Disclaimer: AI-generated analysis. Not financial advice.