⚡ Flash Summary

Sunrays Textile Mills Ltd. will hold its 34th Annual General Meeting on October 28, 2025, to approve financial statements for the year ended June 30, 2025. Shareholders will vote on the appointment of statutory auditors and ratify related party transactions. The company encourages electronic participation and has provided a video link facility for remote attendance. The notice details procedures for attending, appointing proxies, and tax deductions on dividends, aiming to ensure transparency and compliance.

📌 Key Takeaways

• 🗓️ AGM Date: October 28, 2025 at 2:00 P.M. in Karachi.
• ✅ Agenda: Approval of FY25 financial statements, directors’ and auditors’ reports.
• 🔗 Financials: Available online via web link and QR code.
• 🧑‍⚖️ Auditor Appointment: Yousuf Adil, Chartered Accountants recommended for reappointment.
• 🤝 Related Party Transactions: Ratification of past and approval of future transactions planned.
• 💻 Electronic Participation: Video link facility available; registration required.
• ✉️ Share Transfer Books: Closed from October 22-28, 2025.
• 📧 E-Statements: Members requested to provide email IDs for electronic delivery of annual reports.
• ⚠️ Proxy Details: Proxy forms must be received 48 hours before the meeting.
• 🏦 Dividend Tax: 15% for filers, 30% for non-filers.
• 💳 Dividend Mandate: Cash dividends will be paid electronically to shareholders’ bank accounts.
• 🏦 Physical Shares: Encouragement to deposit physical shares into Central Depository.
• 🗳️ Postal Ballot: Members can exercise right to vote through e-voting
• 🏢 Video Conference: If more than 10% of members want the video conference facility then the company will arrange it.

🎯 Investment Thesis

Based on the AGM notice alone, a HOLD recommendation is appropriate. A more definitive BUY/SELL recommendation requires detailed financial analysis once the FY25 results are available. At that time, revenue trends, profitability metrics, balance sheet strength, and cash flow dynamics can be analyzed to derive a price target.