⚡ Flash Summary
The National Silk & Rayon Mills Limited will hold its 75th Annual General Meeting (AGM) on October 28, 2025. Shareholders will consider the audited financial statements for the year ended June 30, 2025, and appoint auditors. The audit committee and board recommend re-appointing M/s. Riaz Ahmad and Company. The meeting will also address an increase in directors’ remuneration. Shareholders can attend in person or via video conference.
📌 Key Takeaways
- 🗓️ AGM scheduled for October 28, 2025, at 3:00 p.m.
- 🏢 Location: Ewan-e-Noor Event Complex, Lahore.
- ✅ Agenda includes adopting FY2025 financial statements.
- 🧑⚖️ Auditors to be appointed; Riaz Ahmad & Company recommended.
- 💰 Directors’ remuneration increase to be considered.
- 🔒 Share transfer books closed from October 22-28, 2025.
- 🖥️ Video conference option available for shareholders.
- 📱 Shareholders must register for video conference 7 days prior.
- 📧 Registration requires Name, CNIC, Folio/CDC Account Number, Cell number and email ID.
- 🗳️ Proxy voting allowed; proxy must be another member.
- ✍️ Proxy instrument to be deposited 48 hours before the meeting.
- 🌐 Financial statements to be uploaded by October 6, 2025.
- 🆔 Members to send copies of CNICs to Share Registrar.
- 📜 AGM is subject to Companies Act, 2017, and Postal Ballot Regulations, 2018.
- ✉️ Members can receive financial statements via e-mail.
🎯 Investment Thesis
Given the limited information available in the announcement, a HOLD recommendation is appropriate. Further analysis is necessary once the financial statements are released and can be reviewed. No price target can be established at this time. The time horizon is dependent on when detailed financial information becomes available.
Disclaimer: AI-generated analysis. Not financial advice.