⚡ Flash Summary

J.K. Spinning Mills Limited held its 39th Annual General Meeting on October 24, 2025, where shareholders approved the audited financial statements for the year ended June 30, 2025. Riaz Ahmad and Company were appointed as external auditors for the year 2025-26. A final cash dividend of Rs. 2 per share, or 20%, was approved for ordinary shareholders, excluding Directors, the CEO, their spouses, and close relatives. The board was also authorized to approve related party transactions on a case-to-case basis for the financial year ending June 30, 2026.

📌 Key Takeaways

• ✅ Audited financial statements for the year ended June 30, 2025, were approved.
• 👨‍💼 Riaz Ahmad and Company appointed as external auditors for the year 2025-26.
• 💰 Final cash dividend of Rs. 2 per share (20%) approved for eligible shareholders.
• 👨‍💼 CEO and Company Secretary authorized to facilitate dividend payment.
• 🏢 Transactions with related parties ratified for the year ended June 30, 2025, as per Note 42.
• 🤝 Board authorized to approve related party transactions on a case-to-case basis for FY 2026.
• 🗓️ Related party transactions will be presented for formal ratification in the next AGM.
• 📍 AGM held on October 24, 2025, at 29 K.M, Sheikhupura Road, Khurrianwala, Faisalabad.
• 📜 Resolutions adopted with or without modification by the shareholders.
• 🏢 J.K. Spinning Mills is associated with J. K. Power Ltd, J. K. Agriculture Farms, J. K. Tech, and Fine Fabrics.
• 🌐 Company can be reached at jkgroup@jkgroup.net and http://www.jkgroup.net

🎯 Investment Thesis

HOLD. The company’s dividend payout is a positive sign, but the need to carefully monitor related party transactions suggests caution. Further analysis of financial performance is needed before making a stronger recommendation. A more detailed financial review is warranted before changing this recommendation.