⚡ Flash Summary

The announcement pertains to an addendum to the notice of the Annual General Meeting (AGM) of the company, specifically addressing a proposal to increase the remuneration of the working directors. The Board of Directors has proposed increasing the remuneration of Sh Faisal Tauheed (Chief Executive Officer) and Sh Kashif Tauheed (Executive Director) to Rs 750,000 each. This resolution will be voted on by shareholders as a special resolution during the AGM scheduled for October 28, 2025. Shareholders can vote through postal ballots, with instructions provided on how to submit their votes either via email or courier.

📌 Key Takeaways

• 📅 AGM Date: October 28, 2025, at 3:00 pm at Ewan-e-Noor Event Complex, Lahore.
• 👔 Proposal: Increase in remuneration for working directors.
• 💰 Directors Affected: Sh Faisal Tauheed (CEO) and Sh Kashif Tauheed (Executive Director).
• ⬆️ Proposed Increase: Remuneration to be increased to Rs 750,000 each.
• 🗳️ Voting: Special Resolution to be passed by shareholders.
• ✉️ Postal Ballot: Voting through postal ballot is available for shareholders.
• 📧 Email Submission: Duly filled ballot papers can be sent to chairman@nationalsilk.com.
• 🏢 Courier Submission: Original ballot papers to be sent via courier to the Registered Office.
• 📝 CNIC Copy: Copy of CNIC must be enclosed with the postal ballot.
• ⏳ Deadline: Postal ballot forms must reach the Chairman by October 27, 2025, 5:00 PM.
• ❌ Rejection Criteria: Incomplete, unsigned, or defaced ballot papers will be rejected.
• 🚫 No Gifts: No gifts will be distributed at the Annual General Meeting.
• 🌐 Financial Statements: Financial statements for the year ended June 30, 2025, are available on the company’s website.

🎯 Investment Thesis

Based solely on the announcement of the proposed increase in director remuneration, a HOLD recommendation is appropriate. Without financial performance data, there is insufficient information to determine whether the remuneration increase is justified or if it will negatively impact shareholder value. Further analysis of the company’s financial statements is necessary to form a comprehensive investment thesis. A price target cannot be determined based on this announcement.