⚡ Flash Summary

Reliance Weaving Mills Limited held its 35th Annual General Meeting on October 28, 2025. Shareholders approved the minutes of the previous AGM, the audited financial statements for the year ended June 30, 2025, and the re-appointment of ShineWing Hameed Chaudhri & Co. as external auditors. The meeting also ratified related party transactions and authorized the board to approve future related party transactions on a case-by-case basis. Finally, the shareholders approved investments in associated companies through working capital loans, with specific amounts allocated to Fatima Sugar Mills Limited, Reliance Commodities (Pvt.) Limited, Fatima Transmission Company Limited, Fazal Cloth Mills Limited, and Fatima Holding Limited.

📌 Key Takeaways

• 🗓️ The 35th Annual General Meeting (AGM) of Reliance Weaving Mills Limited convened on October 28, 2025.
• ✔️ Shareholders approved the minutes of the 34th AGM held on October 28, 2024.
• 🧾 Audited financial statements for the year ending June 30, 2025, were approved.
• 🤝 ShineWing Hameed Chaudhri & Co. were re-appointed as external auditors.
• 💰 Auditor remuneration will be mutually decided by the CEO and auditors.
• 🤝 Related party transactions disclosed in Note 45 of the financial statements for the year ending June 30, 2025, were ratified.
• ✅ The Board is authorized to approve related party transactions until June 30, 2026.
• 📝 Transactions approved by the board will be presented for formal ratification in the next AGM.
• 🏦 Approval granted for investments in associated companies via working capital loans under Section 199 of the Act.
• ⏳ Loans are for a period of one year from the date of shareholder approval.
• 📈 Return on loans will be KIBOR plus 2.50%, not less than the company’s average borrowing cost.
• 🏭 PKR 400 million loan approved for Fatima Sugar Mills Limited.
• 📦 PKR 200 million loan approved for Reliance Commodities (Pvt.) Limited.
• 📡 PKR 300 million loan approved for Fatima Transmission Company Limited.
• 🧵 PKR 200 million loan approved for Fazal Cloth Mills Limited.
• 🏢 PKR 200 million loan approved for Fatima Holding Limited.

🎯 Investment Thesis

HOLD. The provided document primarily outlines procedural approvals and related-party transactions, offering limited insights into the company’s overall financial health or strategic direction. Without further information on the financial performance and strategic vision, a HOLD rating is most appropriate. Further analysis will be required before recommending a BUY or SELL position. Price target is not available at this time.