⚡ Flash Summary

Redco Textiles Limited will hold its 34th Annual General Meeting (AGM) on October 28, 2025, to confirm the minutes of the previous AGM, adopt the annual audited financial statements for the year ended June 30, 2025, and appoint auditors for the upcoming financial year. Shareholders can attend in person or via Zoom, with online registration required. A special resolution to ratify related-party transactions disclosed in the financial statements will also be considered. Members are allowed to exercise their right of vote through postal ballot i.e. voting by post or through any electronic mode.

📌 Key Takeaways

• 🗓️ The 34th Annual General Meeting (AGM) is scheduled for Tuesday, October 28, 2025, at 09:00 AM at Redco Arcade, Islamabad.
• ✅ The meeting will confirm the minutes of the 33rd AGM held on October 28, 2024.
• 📑 Shareholders will receive, consider, and adopt the audited financial statements for the year ended June 30, 2025.
• 🌐 The financial statements are available on the company’s website and can be downloaded via a QR code.
• 👩‍💼 Mushtaq & Co., Chartered Accountants, are eligible and offer themselves for reappointment as auditors for the year ending June 30, 2026.
• 🤝 A special resolution will ratify and approve related-party transactions disclosed in the financial statements for the year ended June 30, 2025.
• ✉️ The Share Transfer Books will remain closed from October 21 to October 28, 2025 (inclusive).
• 🗳️ Members can appoint a proxy to attend and vote on their behalf, with the proxy form to be received at least 48 hours before the meeting.
• 🆔 CDC shareholders attending the meeting must bring their original National Identity Card and Participant ID number.
• 💻 Online meeting facility via Zoom is available; registration with particulars is required at least 48 hours before the meeting.
• 🚫 No gifts or incentives will be distributed at the AGM.
• 🏢 Shareholders with physical shareholding are encouraged to convert to scrip less form.
• ✉️ Members can vote through postal ballot, with duly filled and signed ballot papers to reach the Chairman by October 27, 2025, before 5:00 PM.
• 📧 The designated email address for sending ballot papers is sales@redcogroup.com.

🎯 Investment Thesis

Given the limited information, a neutral HOLD recommendation is appropriate. The announcement focuses on procedural matters, and a full assessment requires a thorough review of the company’s financial performance and risk profile. The price target cannot be determined without financials and projections.