⚡ Flash Summary

Sapphire Textile Mills Limited held its 57th Annual General Meeting on October 27, 2025, where shareholders passed resolutions including confirming the minutes of the last AGM held on October 28, 2024, adopting the audited financial statements for the year ended June 30, 2025, and re-appointing Shinewing Hameed Chaudhri & Co. as statutory auditors for the year ending June 30, 2026. The shareholders also approved related-party transactions disclosed in the unconsolidated financial statements and authorized the Board to approve future related party transactions on a case-by-case basis. These resolutions indicate a routine continuation of company governance and financial oversight.

📌 Key Takeaways

• ✅ Minutes of the last Annual General Meeting held on October 28, 2024 were confirmed.
• ✅ Audited Financial Statements for the year ended June 30, 2025 were adopted.
• ✅ Consolidated Audited Financial Statements for the year ended June 30, 2025 were also approved.
• ✅ M/s. Shinewing Hameed Chaudhri & Co. were re-appointed as statutory auditors for the year ending June 30, 2026.
• 🤝 Remuneration for the appointed auditors will be fixed by the Chief Executive.
• 🤝 Related Parties’ transactions disclosed in note 44 of the unconsolidated financial statements for the year ended June 30, 2025, were ratified, approved, and confirmed.
• ✅ Board of Directors is authorized to approve transactions with Related Parties on a case-to-case basis during the financial year ending June 30, 2026.
• 📝 Transactions approved by the Board will be presented to shareholders in the next AGM for formal ratification/approval.
• 🗓️ The 57th AGM was held on October 27, 2025.
• 🏢 The meeting took place at Trading Hall, Cotton Exchange Building, I. I Chundrigar Road, Karachi at 03:00 p.m.
• 📜 Resolutions passed comply with Regulation No. 5.6.9 (b) of the Rule Book of Pakistan Stock Exchange Limited.

🎯 Investment Thesis

Based solely on the information provided, the investment recommendation is HOLD. The document indicates routine governance and financial oversight. Further analysis of the company’s financial performance and market conditions is necessary to make a more informed investment decision.