⚡ Flash Summary

Nishat Mills Limited (NML) reported its financial results for the first quarter ended September 30, 2025. The announcement indicates that the Board of Directors met on October 30, 2025, and made recommendations regarding dividends and other entitlements. No cash dividend, bonus shares, or right shares were recommended. The company’s financial statements for the quarter are attached as an annexure, indicating a detailed review is necessary to assess NML’s performance.

📌 Key Takeaways

• ❌ No Cash Dividend: The board did not recommend any cash dividend for the quarter ended September 30, 2025.
• 🚫 No Bonus Shares: No bonus shares were announced by the company.
• ❌ No Right Shares: The board did not propose any right shares.
• 📉 Nil Entitlements: There were no other entitlements recommended by the board for shareholders.
• 🤫 No Price-Sensitive Information: The announcement indicates no other price-sensitive information was disclosed.
• 📁 Audited Financial Statements Attached: Detailed audited financial statements for Q1 2025 are attached.
• 📜 Financial Statements Included: The annexure includes the Statement of Financial Position, Profit or Loss, Changes in Equity, and Cash Flows.
• ✉️ PUCARS Transmission: Quarterly financial statements will be transmitted through PUCARS.
• 📅 Meeting Held: Board of Directors meeting held on October 30, 2025, to review the financials.
• 🏢 Meeting Location: Meeting held at 7-Main Gulberg, Lahore at 11:30 a.m.

🎯 Investment Thesis

Based on the limited information available, a HOLD recommendation is appropriate until a detailed review of the attached financial statements is completed. The lack of dividend announcement is a slightly negative signal. A price target and time horizon will be determined after analyzing the financial performance in the attached statements.