SERT

⚡ Flash Summary

Service Industries Textiles Ltd. has announced a board meeting scheduled for October 30, 2025, to approve the un-audited financial statements for the first quarter ended September 30, 2025. In compliance with PSX Regulations, the company has declared a closed period from October 23, 2025, to October 30, 2025. During this period, directors, the CEO, and executives are prohibited from trading the company’s shares. This announcement ensures transparency and adherence to regulatory requirements concerning insider trading.

📌 Key Takeaways

• 🗓️ Board meeting scheduled for October 30, 2025, at 11:30 am in Lahore.
• 📜 Meeting to approve un-audited financial statements for Q1 ended September 30, 2025.
• 🔒 “Closed period” declared from October 23, 2025, to October 30, 2025.
• 🚫 Directors, CEO, and executives prohibited from trading shares during the closed period.
• 🇵🇰 Compliance with Clause 5.6.1 (d) of PSX Regulations.
• ℹ️ TRE Certificate Holders of the Exchange to be informed.
• 🏢 Company address: 38-Empress Road, Lahore.
• 📞 Contact number: (+92-42) 36304561-3.
• 🏭 Factory located in Gujrat-Pakistan.
• 📝 Announcement issued by Usman Khalid, Company Secretary.
• ✅ Focus on approving Q1 results and maintaining regulatory compliance.

🎯 Investment Thesis

Based on the limited information provided, a HOLD recommendation is appropriate. The announcement’s focus on regulatory compliance and the upcoming board meeting for financial results suggests a need to await the release of the Q1 financial statements. Once these statements are available, a more comprehensive assessment of the company’s performance can be made to determine if a BUY or SELL recommendation is warranted. Without financials, it is impossible to produce a price target. The time horizon is short term, pending the Q1 results.

⚡ Flash Summary

Service Industries Textiles Ltd. held its 64th Annual General Meeting on October 28, 2025. Key resolutions included confirming the minutes of the previous AGM held on October 28, 2024, and approving the annual audited accounts for the year ended June 30, 2025. The company reappointed M/s Crowe Hussain Chaudhury & Co. as statutory auditors for the year ending June 30, 2026. Seven directors were elected for a three-year term commencing October 31, 2025.

📌 Key Takeaways

• 🗓️ The 64th Annual General Meeting (AGM) took place on October 28, 2025.
• ✅ Minutes from the 63rd AGM held on October 28, 2024, were confirmed.
• 📜 Annual audited accounts for the year ended June 30, 2025, were approved.
• 👨‍💼 Directors’ and Auditors’ Reports were adopted.
• 🧑‍💼 M/s Crowe Hussain Chaudhury & Co. were appointed as statutory auditors for the year ending June 30, 2026.
• 🤝 The retiring auditor, M/s Horwath Hussain Chaudhury & Co., offered themselves for reappointment but were replaced.
• 🏢 The new statutory auditors will comply with clause (32) of the Code of Corporate Governance.
• 🗳️ Seven directors were elected as per the provisions of section 159(1) of the Companies Act, 2017.
• 📅 The term for the elected directors commences on October 31, 2025, lasting three years.
• 👥 Retiring directors included Mr. Aamer Hameed, Mr. Mohammad Hameed, Mr. Tariq Hameed, Mr. Omar Mohyud Din Malik, Mrs. Sadia Hamid, Mr. Murtaza Hameed, and Mrs. Zainab Khan.
• 🙋 Candidates consenting to act as directors included Mr. Aamer Hameed, Mr. Mohammad Hameed, Mr. Tariq Hameed, Mr. Murtaza Hameed, Mrs. Sadia Hamid, Mr. Usman Hamid Malik, and Mrs. Sara Aqeel.
• ✅ The resolution to elect the directors was passed unanimously.

🎯 Investment Thesis

Based on the AGM resolutions, a HOLD recommendation is appropriate. The announcement does not provide sufficient information to adjust the price target. The key takeaway is that the company is maintaining corporate governance standards. More financial information would be needed to change this view.

⚡ Flash Summary

Service Industries Textiles Ltd. announced the reappointment of Mr. Aamer Hameed as the Chairman of the Board of Directors (Non-Executive Director) and Mr. Mohammad Hameed as the Chief Executive Officer of the Company. The reappointments are for a term of three years, commencing from October 31, 2025. This decision was made following the Election of Directors by the Board of Directors. The announcement was made to the Pakistan Stock Exchange Limited, with instructions to inform TRE Certificate Holders accordingly.

📌 Key Takeaways

• 📅 Reappointment of Chairman and CEO effective October 31, 2025.
• 👔 Mr. Aamer Hameed reappointed as Chairman (Non-Executive Director).
• 💼 Mr. Mohammad Hameed reappointed as CEO.
• ⏳ Term of reappointment is three years.
• 🏢 Decision made by the Board of Directors after Election of Directors.
• 📜 Announcement to the Pakistan Stock Exchange.
• 📢 TRE Certificate Holders to be informed.
• 🗓️ Continuity in leadership structure.
• 📌 No immediate change in strategic direction implied.
• 🏭 Service Industries Textiles Ltd. focuses on textile manufacturing.

🎯 Investment Thesis

Given the limited scope of the announcement (reappointment of key executives), a HOLD recommendation is appropriate. The reappointment of the Chairman and CEO signals stability but provides no new information to warrant a change in investment strategy. A more definitive stance would require a deeper analysis of the company’s financial performance, strategic initiatives, and market dynamics. A price target cannot be defined without further information. The time horizon is MEDIUM_TERM, aligned with the three-year term of the reappointment.

⚡ Flash Summary

Service Industries Textiles Ltd. (SERT) issued a statement on October 31, 2025, in response to an inquiry from the Pakistan Stock Exchange (PSX) regarding unusual price movement in its shares. The company clarified that it has been duly communicating all price-sensitive and material information as required by PSX regulations. Furthermore, SERT stated that its directors, officers, or any associated parties are not involved in the share movements and that the company is unaware of any information that may have contributed to the recent unusual movement.

📌 Key Takeaways

• 📃 SERT issued a statement regarding unusual price movement in its shares on October 31, 2025.
• 🇵🇰 The statement was in response to a letter from the Pakistan Stock Exchange (PSX) dated October 29, 2025.
• ✅ SERT confirms compliance with Section 97 of the Securities Act, 2015.
• ✅ SERT confirms compliance with clause 5.6.3 of the PSX Regulations.
• 📢 The company states that it has duly communicated all price-sensitive information as required.
• 👤 SERT asserts that its directors and officers are not involved in the share movements.
• ❓ The company claims it is unaware of any information contributing to the unusual price movement.
• 🤔 The statement aims to clarify the matter to the PSX.
• 🏢 The statement was signed by Usman Khalid, Company Secretary.
• 📍 SERT’s head office is located in Lahore, Pakistan.
• 🏭 The factory is located in Gujrat, Pakistan.

🎯 Investment Thesis

Based on the announcement alone, a HOLD recommendation is appropriate. While the statement addresses compliance concerns and denies internal involvement in share price fluctuations, the underlying cause of the unusual price movement remains unknown, adding uncertainty. More information is needed before making a BUY or SELL decision. Further investigation is needed to assess the underlying factors impacting the share price.

⚡ Flash Summary

Service Industries Textiles Ltd. announced the election of seven directors at its Annual General Meeting held on October 28, 2025. The newly elected directors, including Mr. Aamer Hameed, Mr. Mohammad Hameed, and Mrs. Sara Aqeel, will serve a three-year term commencing from October 31, 2025. This appointment is in accordance with Section 159 of the Companies Act, 2017. The announcement provides insight into the governance and leadership structure of the company.

📌 Key Takeaways

• 📅 Election of seven directors announced on October 31, 2025.
• 🏢 Annual General Meeting held on October 28, 2025.
• 💼 Seven directors elected: Mr. Aamer Hameed, Mr. Mohammad Hameed, Mr. Tariq Hameed, Mr. Murtaza Hameed, Mrs. Sadia Hamid, Mr. Usman Hamid Malik, and Mrs. Sara Aqeel.
• 📜 Election in accordance with Section 159 of the Companies Act, 2017.
• 🕒 Directors to serve a three-year term.
• 🏁 Term commences on October 31, 2025.
• 🏢 Company: Service Industries Textiles Ltd.
• 📍 Registered with Pakistan Stock Exchange Limited, Karachi.
• 🏢 Head Office: Lahore, Pakistan.
• 🏭 Factory: Gujrat, Pakistan.

🎯 Investment Thesis

Given the limited information available in the announcement, a neutral investment stance (HOLD) is recommended. The appointment of directors is a routine corporate event, and its impact on the company’s future performance is uncertain without further financial analysis. More comprehensive data is needed to form a solid investment opinion.

⚡ Flash Summary

Service Industries Textiles Ltd. has announced the upcoming election of directors at the Annual General Meeting (AGM) scheduled for October 28, 2025. Seven individuals have submitted their intention to stand for election, including Mr. Aamer Hameed, Mr. Tariq Hameed, Mrs. Sadia Hamid, Mrs. Sara Aqeel, Mr. Mohammad Hameed, Mr. Murtaza Hameed, and Mr. Usman Hamid Malik. Since the number of candidates does not exceed the number of directors to be elected, all named persons are deemed elected. This announcement provides information to shareholders regarding the governance structure of the company.

📌 Key Takeaways

• 📢 Election of directors scheduled at the Annual General Meeting (AGM).
• 📅 AGM to be held on October 28, 2025, at 09:30 am in Lahore.
• 🏢 The meeting will take place at 38 Empress Road, Lahore.
• ✅ Seven candidates have filed notices of intention to stand for election.
• 👨‍💼 Candidates include Mr. Aamer Hameed, Mr. Tariq Hameed, and others.
• 👩 Candidates also include Mrs. Sadia Hamid and Mrs. Sara Aqeel.
• 👍 All candidates are deemed elected as the number doesn’t exceed the director positions.
• 📜 Election is pursuant to Section 159(4) of the Companies Act, 2017.
• 💼 Usman Khalid, Company Secretary, issued the notice.
• 🏢 Head office located at 38-Empress Road, Lahore-54000 Pakistan.
• 🏭 Factory located at Rehman Shaheed Road, Gujrat-Pakistan.
• 🌐 Company website and contact details provided in the advertisement.

🎯 Investment Thesis

HOLD. The announcement is a procedural update on the election of directors and does not provide sufficient information to change the investment thesis. Further analysis is required to assess the impact of the elected directors on the company’s future performance. There is no price target yet, given the lack of financial data.