REWM

⚡ Flash Summary

REWM announced: Transmission of Annual Report for the year ended 30-06-2025. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• REWM made announcement: Transmission of Annual Report for the year ended 30-06-2025
• 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 REWM. Manual verification required.

⚡ Flash Summary

Reliance Weaving Mills Limited has announced its Annual General Meeting (AGM). The meeting is scheduled to be held on October 28, 2024, at 10:30 AM at the registered office of the company. The notice details the agenda, including the presentation of audited financial statements for the year ended June 30, 2024, and the election of directors. Shareholders are encouraged to attend or appoint proxies.

📌 Key Takeaways

• 📅 AGM Date: October 28, 2024, at 10:30 AM.
• 🏢 Location: Registered office of Reliance Weaving Mills Limited.
• 🧾 Agenda: Presentation of audited financial statements for the year ended June 30, 2024.
• 🗳️ Election of Directors: One of the key items on the agenda.
• 📢 Attendance: Shareholders are encouraged to attend.
• 👤 Proxy: Shareholders can appoint proxies if they cannot attend.
• 🏦 Closure of Share Transfer Books: From October 21, 2024, to October 28, 2024.
• ✉️ Notice Dispatch: Sent to shareholders at their registered addresses.
• 🌍 Electronic Transmission: Financial statements available electronically upon request.
• 📍 Registered Office: 23-24, Sector 27, Korangi Industrial Area, Karachi.
• ❓ Queries: Shareholders can direct queries to the company secretary.
• 🌐 Website: Information available on the company’s website.

🎯 Investment Thesis

A HOLD recommendation is appropriate until the audited financial statements are reviewed at the AGM. The financial results will provide a basis to assess the company’s performance and future prospects. A BUY or SELL recommendation would require further analysis of the company’s financial health and strategic direction.

⚡ Flash Summary

Reliance Weaving Mills Limited has announced its 35th Annual General Meeting (AGM) to be held on October 28, 2025, in Multan and via video link. Shareholders will consider and adopt the audited financial statements for the year ended June 30, 2025, and appoint auditors for the year ending June 30, 2026. Special resolutions include ratifying related party transactions and approving investments in associated companies. The company encourages shareholders to participate online and provides e-voting and postal ballot options for special business.

📌 Key Takeaways

• 🗓️ AGM scheduled for October 28, 2025, to be held in Multan and via video link.
• ✅ Audited financial statements for the year ended June 30, 2025, will be adopted.
• 👨‍💼 Auditors will be appointed for the year ending June 30, 2026; Shine Wing Hameed Chaudhri & Co. recommended for reappointment.
• 🤝 Related party transactions for the year ended June 30, 2025, will be ratified.
• 🏦 Board of Directors authorized to approve related party transactions for the year ending June 30, 2026.
• 💸 Investments in associated companies to be approved, including PKR 400 million to Fatima Sugar Mills.
• 💸 Investments in associated companies to be approved, including PKR 200 million to Reliance Commodities (Pvt.) Limited.
• 💸 Investments in associated companies to be approved, including PKR 300 million to Fatima Transmission Company Limited.
• 💸 Investments in associated companies to be approved, including PKR 200 million to Fazal Cloth Mills Limited.
• 💸 Investments in associated companies to be approved, including PKR 200 million to Fatima Holding Limited.
• 🔒 Share transfer books will be closed from October 22, 2025, to October 28, 2025.
• 🗳️ E-voting facility available for special business, with lines open from October 23 to October 27, 2025.
• ✉️ Postal ballot option available; forms to be sent to the Chairman by October 27, 2025.
• 🌐 Shareholders can register for online participation by October 26, 2025, via email.
• 🚫 No gifts or incentives will be offered to members at the AGM, in compliance with SECP regulations.

🎯 Investment Thesis

Based on the limited information in this announcement, a HOLD recommendation is appropriate. The AGM notice outlines standard governance procedures and special business related to associated companies. Further analysis of the company’s financial statements is needed to assess its financial health and growth prospects. A price target and time horizon cannot be determined without comprehensive financial data.