⚡ Flash Summary

Safe Mix Concrete Limited has announced the upcoming election of directors at its Annual General Meeting (AGM) scheduled for October 28, 2025. The company notified the Pakistan Stock Exchange (PSX) about this event according to Section 159(4) of the Companies Act, 2017. Seven candidates have offered themselves for election, and since the number of candidates equals the number of director positions, they will be deemed elected unopposed. This announcement ensures compliance with regulatory requirements and informs shareholders about the composition of the board for the next three years.

📌 Key Takeaways

• 🗓️ AGM Date: October 28, 2025, at 10:30 a.m.
• 🏢 Location: Naya Nazimabad Gymkhana, Karachi.
• 🗳️ Election of Directors: For the forthcoming AGM.
• 📜 Compliance: Section 159(4) of the Companies Act, 2017.
• ✅ Candidates: Seven individuals have filed notices.
• 🧑 Syed Najmudujja Jaffri: Independent Director candidate.
• 🧑 Mr. Abdus Samad Habib: Director candidate.
• 🧑 Mr. Muhammad Kashif: Director candidate.
• 🧑 Mr. Abdul Qadir: Independent Director candidate.
• 🧑 Mr. Ahsan Anis: Director candidate.
• 🧑 Mr. Muhammad Siddiq Khokhar: Independent Director candidate.
• 👩 Mrs. Anna Samad: Female Director candidate.
• 📰 Publication: Notices to be published in The Pakistan Observer and Roznama Dunya on October 17, 2025.
• 🌐 Website: Profiles available at www.safemixlimited.com.
• 🕒 Term: Directors to be elected for three years commencing October 28, 2025.

🎯 Investment Thesis

Given the lack of financial information, a HOLD recommendation is appropriate. Investors should await financial performance reports and strategic updates from the newly elected board members to make informed decisions. Further information is needed to evaluate the company’s financial health and future prospects.