⚡ Flash Summary
Nishat Mills Limited (NML) held its Annual General Meeting (AGM) on October 28, 2025, where shareholders approved the audited unconsolidated financial statements for the year ended June 30, 2025. A final cash dividend of Rs. 2 per ordinary share (20%) was also approved, payable to shareholders on record as of October 20, 2025. The AGM also saw the reappointment of M/s Riaz Ahmad & Co. as statutory auditors for the year ending June 30, 2026, with the CEO authorized to negotiate their remuneration.
📌 Key Takeaways
- 🗓️ AGM held on October 28, 2025.
- ✔️ Audited unconsolidated financial statements for the year ended June 30, 2025 approved.
- 💰 Final cash dividend of Rs. 2 per ordinary share (20%) approved.
- 🗓️ Dividend payable to shareholders on record as of October 20, 2025.
- 🏢 M/s Riaz Ahmad & Co. re-appointed as statutory auditors for the year ending June 30, 2026.
- 🤝 CEO authorized to negotiate auditors’ remuneration.
- 📍 AGM held at Emporium Mall, Lahore.
- ⏰ AGM commenced at 11:50 A.M.
- 📜 Resolutions passed as recommended by the Board of Directors and Audit Committee.
- ✅ Annual Audited Un-Consolidated and Consolidated Financial Statements of the Company for the year ended June 30, 2025, along with Chairman’s Review, Directors’ and Auditors’ reports thereon, be and are hereby approved and adopted.
🎯 Investment Thesis
Based on the information available (dividend declaration), a HOLD recommendation is appropriate. More detailed financials are needed to fully assess the buy/sell opportunity. A price target cannot be accurately determined without further analysis of the financials. A hold recommendation is appropriate, assuming the dividend yield is in-line with expectations and the investors current position and needs.
Disclaimer: AI-generated analysis. Not financial advice.