⚡ Flash Summary

The 36th Annual General Meeting (AGM) of Shahtaj Textile Limited was held on October 27, 2025, where several resolutions were passed. These included the approval of the audited annual accounts for the year ended June 30, 2025, along with the auditors’ and directors’ reports. A cash dividend of 55%, or Rs. 5.5 per share, was approved for shareholders listed in the Members Register on October 17, 2025. Additionally, Yousuf Adil, Chartered Accountants, were appointed as auditors for the fiscal year 2025-2026, and the directors’ meeting remuneration was increased.

📌 Key Takeaways

• ✅ Audited accounts for the year ending June 30, 2025, were approved at the AGM.
• 💰 A cash dividend of 55% (Rs. 5.5 per share) was declared for shareholders.
• 🗓️ Eligibility for the dividend was based on the Members Register as of October 17, 2025.
• 👨‍💼 Yousuf Adil, Chartered Accountants, were appointed as auditors for 2025-2026.
• 🤝 The Chief Executive will negotiate the auditor’s remuneration.
• 🏢 Article 65 of the Articles of Association was amended.
• 💸 Remuneration for directors attending board meetings increased from Rs. 50,000 to Rs. 75,000 per meeting.
• 📜 Resolutions were passed in compliance with Regulation No. 5.6.9(b) of the PSX Rule Book.
• 📅 The 36th AGM was held on October 27, 2025, in Lahore.
• 🏢 The company’s head office is located in Karachi.
• 🏭 The factory is located 46 K.M. Lahore/Multan Road, Chunian Industrial Estate, Bhai Pheru.
• 🌐 The company website is www.shahtaj.com.

🎯 Investment Thesis

HOLD. The dividend declaration and auditor appointment are positive signs. The increase in director’s remuneration, while not inherently negative, warrants monitoring for its impact on overall profitability and governance. Without detailed financial statements, it is difficult to give a stronger investment recommendation. The company needs to be analyzed in the context of peers.