⚡ Flash Summary

Safe Mix Concrete Limited is holding its 19th Annual General Meeting (AGM) on October 28, 2025. The meeting will cover ordinary business such as confirming minutes from the previous AGM, adopting annual audited financial statements, and approving a final cash dividend of PKR 2.5 per share. Shareholders will also elect seven directors for a three-year term and appoint auditors for the year ending June 30, 2026. Special business includes ratifying related-party transactions and authorizing the board to approve future related-party transactions, aiming for good corporate governance and transparent business practices.

📌 Key Takeaways

• 🗓️ The 19th Annual General Meeting (AGM) will be held on October 28, 2025, at 10:30 a.m. in Karachi and via Zoom.
• ✔️ Minutes of the 18th AGM held on October 25, 2024, will be confirmed.
• 🧾 Annual audited financial statements for the year ended June 30, 2025, will be considered and adopted.
• 💰 A final cash dividend of 25% or PKR 2.5 per share has been recommended by the Board of Directors.
• 🏢 Seven directors will be elected for a 3-year term commencing October 28, 2025.
• 👤 Retiring directors eligible for re-election include Syed Najmudduja Jaffri, Mr. Abdus Samad Habib, Mr. Muhammad Kashif, Mr. Ahsan Anis, Mr. Abdul Qadir, Mr. Muhammad Siddiq Khokhar, and Mrs. Anna Samad.
• ⚖️ Auditors will be appointed for the year ending June 30, 2026, with a recommendation to reappoint M/s. Rehman Sarfaraz Rahim Iqbal Rafiq & Co.
• 🤝 Related-party transactions for the year ended June 30, 2025, will be ratified.
• 🚦 The Board is authorized to approve related-party transactions for the year ending June 30, 2026, subject to shareholder approval.
• 🚫 Gifts to shareholders at or in connection with general meetings are strictly prohibited.
• 📧 Shareholders are encouraged to participate in the AGM through electronic facilities.
• ✉️ Share transfer books will be closed from October 21, 2025, to October 28, 2025.
• 🏦 Cash dividends will be paid through electronic mode, as required by the Companies Act, 2017.
• 💳 Shareholders must provide CNIC copies for tax deduction purposes on dividend income.
• 🗳️ E-voting and postal ballot facilities are available for special business items, with specific procedures outlined.

🎯 Investment Thesis

A HOLD recommendation is appropriate based on the announcement. While the AGM agenda covers essential corporate governance matters, there is insufficient information to make a strong buy or sell decision. The dividend payout is a positive sign, but a comprehensive financial analysis is needed to assess the company’s overall investment potential. Close monitoring of related-party transactions and compliance with regulatory requirements is essential.