⚡ Flash Summary

Sapphire Fibres Limited (SFL) is seeking shareholder approval for a Scheme of Arrangement with Reliance Cotton Spinning Mills Limited. An Extraordinary General Meeting (EOGM) will be held on December 8, 2025, to vote on the proposed arrangement. The scheme involves Sapphire Fibres taking over Reliance Cotton Spinning Mills. Shareholders can vote via postal ballot, and must submit their ballots by December 4, 2025.

📌 Key Takeaways

• 🗓️ EOGM on December 8, 2025, at 2:00 PM in Karachi.
• ✉️ Voting via postal ballot; submit by December 4, 2025.
• 🤝 Scheme of Arrangement between Sapphire Fibres and Reliance Cotton Spinning Mills.
• ✅ Shareholder approval sought for the Scheme.
• 🏢 Registered office address in Karachi.
• 📧 Email ballots to contact@sapphiretextiles.com.pk.
• 📄 Include CNIC/Passport copy with ballot.
• ✒️ Signature required on ballot matching CNIC/Passport.
• ❌ Incomplete/incorrect ballots will be rejected.
• 🏢 For corporate representatives, include Board Resolution/Power of Attorney.
• 🌐 Ballot paper available on www.sapphire.com.pk/sfl.
• ✂️ Reliance Cotton Spinning Mills’ share capital reduction via cancellation of shares.
• ⚖️ High Court approval is necessary for Scheme implementation.
• ✔️ Scheme approval includes all ancillary and incidental matters.
• 📜 Scheme governed by Sections 279-283 of Companies Act, 2017

🎯 Investment Thesis

Without financial details and specifics of the Scheme of Arrangement it is hard to give specific investment thesis. HOLD is appropriate. A HOLD recommendation is warranted until further information on the financial implications of the Scheme is released. Investors should monitor regulatory filings and company announcements for updates.