NEXT

⚡ Flash Summary

Next Capital Limited has announced a Corporate Briefing Session (CBS) for shareholders, investors, and analysts to discuss the company’s business results for the financial year ended June 30, 2025. The session will be held in Karachi, with the date set for November 28, 2025, at 10:00 am. Interested participants are required to confirm their participation by emailing Muhammad Rizwan Yousuf at rizwan.yousuf@nextcapital.com.pk no later than November 27, 2025. This briefing aims to provide an overview of the company’s performance and strategic direction for the specified financial year.

📌 Key Takeaways

• 🗓️ Corporate Briefing Session scheduled for November 28, 2025.
• 🏢 Session will cover business results for the financial year ended June 30, 2025.
• 📍 The event will be held in Karachi.
• ⏰ The briefing is scheduled to begin at 10:00 am.
• 👤 Muhammad Rizwan Yousuf is the contact person for inquiries.
• 📧 Confirmation of participation required via email: rizwan.yousuf@nextcapital.com.pk.
• ⏳ Deadline for confirmation is November 27, 2025.
• 📢 The briefing is targeted towards shareholders, investors, and analysts.
• 💼 Next Capital Limited is conducting the session.
• 📊 The session aims to provide detailed insights into the company’s performance.

🎯 Investment Thesis

Given the lack of financial specifics, a HOLD recommendation is appropriate. Investors should wait for the CBS on November 28, 2025, to gather detailed financial insights before making any investment decisions. Further analysis will be required based on the information disclosed during the briefing.

⚡ Flash Summary

NEXT announced: Public Announcement of Intention to acquire shares and control of Pioneer Cement Limited by Maple Leaf Cement Factory Limited. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• NEXT made announcement: Public Announcement of Intention to acquire shares and control of Pioneer Cement Limited by Maple Leaf Cement Factory Limited
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for NEXT. Manual verification required.

⚡ Flash Summary

Nishat Hotels and Properties Limited intends to acquire up to 75.69% shares and control of Rafhan Maize Products Company Limited. The Public Announcement of Intention (PAI) was initially published on May 16, 2025. Nishat Hotels is seeking an extension due to ongoing finalization of transaction documents and pending regulatory approvals. The company now expects to make the Public Announcement of Offer by February 10, 2026, after a 90-day extension.

📌 Key Takeaways

• 📅 The initial Public Announcement of Intention (PAI) was made on May 16, 2025.
• 🏢 Nishat Hotels and Properties Limited aims to acquire up to 75.69% of Rafhan Maize Products Company Limited.
• ⏳ An extension is being sought for the Public Announcement of Offer due to pending transaction finalization and regulatory approvals.
• 📜 The extension is pursuant to Regulation 7 (1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations 2017.
• 🗓️ The new deadline for the Public Announcement of Offer is February 10, 2026.
• ➕ The extension adds 90 days to the original timeline.
• 🤝 The Securities and Exchange Commission of Pakistan and the Pakistan Stock Exchange Limited have been notified of the extension.
• 🚧 Regulatory approvals are crucial for proceeding with the acquisition.
• 📑 Finalizing transaction documents is also a critical step.
• 🎯 The target company is Rafhan Maize Products Company Limited.
• 💼 Next Capital Limited is handling the announcement on behalf of the acquirer.

🎯 Investment Thesis

Given the lack of financial details and the ongoing regulatory process, a HOLD recommendation is appropriate. Further information is needed regarding the terms of the deal, the financial performance of Rafhan Maize, and the outcome of regulatory approvals. Once these details are available, a more informed BUY/SELL decision can be made. Price Target: Undetermined. Time Horizon: MEDIUM_TERM.

⚡ Flash Summary

NEXT announced: Board Meeting. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• NEXT made announcement: Board Meeting
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for NEXT. Manual verification required.

⚡ Flash Summary

NEXT Capital announced a corrigendum regarding the Election of Directors, clarifying that Ms. Hanna Khan’s name was inadvertently replaced by Mr. Ali Akhtar Ali in the initial notice. Seven candidates have offered themselves for election as directors at the upcoming Annual General Meeting (AGM) on October 28th, 2025. Since the number of candidates equals the number of director seats, all seven candidates will be deemed elected at the AGM.

📌 Key Takeaways

• 📝 Corrigendum issued for Director Election notice.
• 📅 AGM scheduled for October 28th, 2025.
• 👤 Ms. Hanna Khan’s name was initially incorrect.
• ✅ Seven candidates nominated for director positions.
• 🏢 Candidates offered intentions under Section 159(4) of Companies Act 2017.
• ⚖️ Number of candidates equals the number of directors.
• 🗳️ All seven candidates are deemed elected.
• 📜 Election process complies with Companies Act 2017.
• 🏢 Announcement made by Muhammad Rizwan Yousuf, Company Secretary.
• 📍 Company address: 2nd Floor New Imperial Court Building, Karachi.

🎯 Investment Thesis

Given the nature of this announcement, a HOLD recommendation is most appropriate. The election of directors is a procedural aspect of corporate governance and, without additional financial information, is insufficient to warrant a change in investment stance.

⚡ Flash Summary

NEXT announced: Financial Results for the Quarter Ended September 30, 2025. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• NEXT made announcement: Financial Results for the Quarter Ended September 30, 2025
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for NEXT. Manual verification required.

⚡ Flash Summary

NEXT announced: Change of Chairperson of the Board. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• NEXT made announcement: Change of Chairperson of the Board
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for NEXT. Manual verification required.

⚡ Flash Summary

NEXT announced: Change of Chief Executive Officer. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• NEXT made announcement: Change of Chief Executive Officer
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for NEXT. Manual verification required.