⚡ Flash Summary

Nagina Cotton Mills Ltd. held its Annual General Meeting on October 28, 2025, where shareholders approved the audited financial statements for the year ended June 30, 2025. A final cash dividend of 10%, amounting to Rs. 1 per ordinary share, was declared and approved. Yousuf Adil, Chartered Accountants, Karachi, were re-appointed as auditors for the financial year ending June 30, 2026, with the CEO authorized to negotiate their remuneration. Additionally, related party transactions disclosed in Note 39 of the financial statements were ratified and approved.

📌 Key Takeaways

• ✅ Audited financial statements for the year ended June 30, 2025, were approved by shareholders.
• 💰 A final cash dividend of 10% (Rs. 1 per ordinary share) was declared and approved for the year ended June 30, 2025.
• 🏢 Yousuf Adil, Chartered Accountants, were re-appointed as auditors for the financial year ending June 30, 2026.
• 🤝 The Chief Executive Officer is authorized to negotiate and fix the auditor’s remuneration.
• 🤝 Transactions with related parties disclosed in Note 39 of the financial statements were ratified and approved.
• 🤝 The Board of Directors is authorized to approve related party transactions for the financial year 2026, subject to shareholder ratification.
• 💸 The company is authorized to invest up to PKR 200 million in associated companies: Prosperity Weaving Mills Ltd and Ellcot Spinning Mills Ltd.
• 🏦 Investments in associated companies will be in the form of advances and loans, with returns not less than the company’s average borrowing cost.
• ⏳ Loans/advances to associated companies are repayable within one year from disbursement.
• 📅 The resolution for making investments in associated companies is valid for five years.
• CEO is authorized to undertake investment decisions as deemed appropriate and necessary.
• ✍️ The CEO and/or Company Secretary are authorized to execute documents and agreements related to the investments.
• 📜 Special resolutions under Section 199 of the Companies Act, 2017, were passed regarding investments in associated companies.

🎯 Investment Thesis

HOLD. The company’s dividend payout is a positive sign, but further analysis of financial performance and investment strategies is warranted. A hold rating is maintained until a comprehensive analysis can be conducted. No price target available due to limited information.