⚡ Flash Summary
Nishat Mills Limited (NML) has announced its Annual General Meeting (AGM) to be held on October 28, 2025, in Lahore. Shareholders will consider and adopt the audited financial statements for the year ended June 30, 2025. A final cash dividend of 20%, or Rs. 2 per ordinary share, is proposed. The meeting will also involve the appointment of statutory auditors for the year 2025-26.
📌 Key Takeaways
- 🗓️ Nishat Mills’ AGM is scheduled for October 28, 2025, at 11:50 A.M. in Lahore.
- ✅ Shareholders to review and adopt audited financial statements for FY2025.
- 💰 A final cash dividend of 20% (Rs. 2 per share) is proposed by the Board.
- 👨💼 Statutory auditors for 2025-26 will be appointed.
- 🔒 Share transfer books will be closed from October 21 to October 28, 2025.
- 🎁 No gifts will be distributed at the meeting as per Companies Act, 2017.
- 📜 Proxies must be submitted 48 hours before the meeting.
- 🏦 Shareholders holding shares in CDC are required to bring original CNIC and account details.
- 🧾 Tax exemption certificates for dividend income must be submitted by October 21, 2025.
- 📧 Shareholders can opt to receive financial statements via email.
- 💻 Video link facility available for attending the meeting; registration required by October 21, 2025.
- 🏦 Mandatory payment of cash dividend through electronic mode as per Companies Act, 2017.
🎯 Investment Thesis
Based on this announcement, a neutral HOLD recommendation is appropriate. The dividend is a positive, but a comprehensive investment decision requires analyzing the FY2025 financial statements, which is not yet possible. Further analysis of sector trends, management effectiveness, and earnings reports is needed before making a BUY or SELL decision.
Disclaimer: AI-generated analysis. Not financial advice.