⚡ Flash Summary

Sapphire Textile Mills Limited will hold its 57th Annual General Meeting on October 27, 2025, in Karachi. Shareholders will vote on ordinary business, including adopting the audited financial statements for the year ended June 30, 2025, and appointing auditors for the following year. A key vote will involve special resolutions regarding related party transactions, requiring shareholder approval due to director interests and insufficient board quorum. The company encourages electronic participation via Zoom and offers e-voting or postal ballot options for those unable to attend physically.

📌 Key Takeaways

• 🗓️ The 57th Annual General Meeting (AGM) will be held on Monday, October 27, 2025, at 3:00 p.m. in Karachi.
• ✅ Agenda includes confirming minutes from the last meeting and adopting audited financial statements for the year ended June 30, 2025.
• 🏢 M/s. Shinewing Hameed Chaudhri & Co. are recommended for reappointment as auditors for the year ending June 30, 2026.
• 🤝 Shareholders will vote on ratifying related party transactions disclosed in note 44 of the financial statements.
• ✍️ The Board seeks authorization to approve related party transactions on a case-to-case basis for the year ending June 30, 2026.
• 💻 Members can participate in the AGM via Zoom; registration is required by emailing contact@sapphiretextiles.com.pk with a CNIC copy.
• 🗳️ E-voting lines will be open from October 23 to October 25, 2025; details will be emailed to eligible members.
• ✉️ Postal ballots must reach the Chairman by October 25, 2025, with a CNIC copy.
• 🚫 The company is prohibited from providing gifts or incentives to shareholders at the AGM, as per SECP guidelines.
• 🔗 Financial statements are available on the company’s website via a QR-enabled code and weblink: www.sapphire.com.pk/stml.
• 🏦 Sapphire Wind Power Company Limited (70% owned) reported ₹4,466.43 million in Net Sales for the year ended June 30, 2025.
• 📉 Sapphire Wind Power Company Limited’s Net Sales decreased from ₹6,688.21 million in 2024.
• ⚖️ Certain investments in Triconboston Consulting Corporation require collateral/security and are in the process of implementation.
• ⚠️ Approval needed for related party transactions due to directors’ interest, requiring shareholder approval due to lack of quorum in Board meetings.

🎯 Investment Thesis

Given the procedural nature of the announcement and the limited financial data, a HOLD recommendation is appropriate for Sapphire Textile Mills. While the company is addressing governance requirements and facilitating shareholder participation, the decrease in Net Sales for Sapphire Wind Power Company Limited warrants caution. A more comprehensive evaluation of the company’s financial performance, risk profile, and strategic outlook is needed to make a more informed investment decision. More information needed to recommend a price target.