SMCPL

⚡ Flash Summary

Safe Mix Concrete Limited has announced the upcoming election of directors at its Annual General Meeting (AGM) scheduled for October 28, 2025. The company notified the Pakistan Stock Exchange (PSX) about this event according to Section 159(4) of the Companies Act, 2017. Seven candidates have offered themselves for election, and since the number of candidates equals the number of director positions, they will be deemed elected unopposed. This announcement ensures compliance with regulatory requirements and informs shareholders about the composition of the board for the next three years.

📌 Key Takeaways

• 🗓️ AGM Date: October 28, 2025, at 10:30 a.m.
• 🏢 Location: Naya Nazimabad Gymkhana, Karachi.
• 🗳️ Election of Directors: For the forthcoming AGM.
• 📜 Compliance: Section 159(4) of the Companies Act, 2017.
• ✅ Candidates: Seven individuals have filed notices.
• 🧑 Syed Najmudujja Jaffri: Independent Director candidate.
• 🧑 Mr. Abdus Samad Habib: Director candidate.
• 🧑 Mr. Muhammad Kashif: Director candidate.
• 🧑 Mr. Abdul Qadir: Independent Director candidate.
• 🧑 Mr. Ahsan Anis: Director candidate.
• 🧑 Mr. Muhammad Siddiq Khokhar: Independent Director candidate.
• 👩 Mrs. Anna Samad: Female Director candidate.
• 📰 Publication: Notices to be published in The Pakistan Observer and Roznama Dunya on October 17, 2025.
• 🌐 Website: Profiles available at www.safemixlimited.com.
• 🕒 Term: Directors to be elected for three years commencing October 28, 2025.

🎯 Investment Thesis

Given the lack of financial information, a HOLD recommendation is appropriate. Investors should await financial performance reports and strategic updates from the newly elected board members to make informed decisions. Further information is needed to evaluate the company’s financial health and future prospects.

⚡ Flash Summary

Safe Mix Concrete Limited (SMCPL) has announced it will conduct ballot paper voting through postal ballot for the election of directors and special business at its 19th Annual General Meeting (AGM) scheduled for October 28, 2025. Shareholders can vote through postal ballot or electronically, in compliance with PSX regulations and Companies (Postal Ballot) Regulations, 2018. The ballot paper will be available on the company’s website and published in newspapers, ensuring accessibility for all shareholders. This move aims to facilitate shareholder participation while adhering to regulatory requirements.

📌 Key Takeaways

• 🗳️ SMCPL will conduct ballot paper voting via postal ballot for the 19th AGM.
• 📅 The AGM is scheduled for October 28, 2025, at 10:30 a.m. at Naya Nazimabad Gymkhana.
• 🏢 The meeting will also be accessible via video-link (Zoom).
• 📜 Agenda includes election of directors (Agenda No. 4) and special business.
• 🌐 Ballot paper available on the company’s website: www.safemixlimited.com.
• 📰 Published in ‘Pakistan Observer’ (English) and ‘Roznama Dunya’ (Urdu) on October 17, 2025.
• ✉️ Postal ballot in compliance with Companies (Postal Ballot) Regulations, 2018.
• 📧 Dully filled postal ballots should be sent to dabeerullah.sheikh@safemixlimited.com.
• 🏢 Postal ballots to be sent to Registered Office at Plot No.1, Global Industry, Nusrat Bhutto Colony, North Nazimabad, Karachi.
• ⏰ Postal ballots must reach by Monday, October 27, 2025, before 5:30 p.m.
• 👤 Signature on the postal ballot should match CNIC.
• ❌ Incomplete/incorrect ballot papers will be rejected.
• 👤 M/s. Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants will be the scrutineer
• 👤 The Chairman’s email is dabeerullah.sheikh@jcl.com.pk

🎯 Investment Thesis

Given the absence of financial data and the procedural nature of the announcement, a HOLD recommendation is appropriate. Investors should monitor the AGM outcomes and subsequent company performance to make informed decisions.

⚡ Flash Summary

Safe Mix Concrete Limited (SMCPL) has released its annual report for the year ended June 30, 2025. The company achieved a 31% increase in sales compared to the previous year, reaching PKR 1,652.01 million. Despite the higher revenue, gross profit experienced a slight negative variance of PKR 3.717 million compared to the prior year. The Board proposes a final cash dividend of PKR 2.5 per share for the year.

📌 Key Takeaways

• 📈 Sales increased by 31% to PKR 1,652.01 million compared to PKR 1,262.48 million in the prior year.
• 📉 Gross profit slightly decreased by PKR 3.717 million to PKR 256.35 million.
• 💸 The Board recommends a final cash dividend of PKR 2.5 per share.
• ↘️ Earnings per share (EPS) decreased to PKR 4.11 from PKR 4.57 in the previous year.
• 📉 Finance costs decreased to PKR 37.315 million from PKR 52.225 million in the prior year.
• ✨ The company is focusing on energy optimization for environmental outcomes and DE&I.
• 🏦 The company is implementing water conservation strategies, actively educating its employees and workers on these practices.
• 📜 Compliance with corporate governance regulations continues to be a priority for the Board.
• 🏢 A total of seven directors are to be elected in the upcoming AGM.
• 🤝 Transactions with related parties are being ratified and authorized for future periods.
• 🔒 The share transfer books of the Company will remain closed from 21 October 2025 to 28 October 2025.

🎯 Investment Thesis

HOLD. The company shows revenue growth but declining profitability. The final dividend payment is beneficial for shareholders. Further analysis and full annual report are required to access the company and its investment oppurtunity.

⚡ Flash Summary

Safe Mix Concrete Limited (SMCPL) will hold its 19th Annual General Meeting (AGM) on October 28, 2025, to discuss the financial year ending June 30, 2025. Key agenda items include adopting the annual audited financial statements, approving a 25% final cash dividend (PKR 2.5 per share), electing seven directors for a three-year term, and ratifying related party transactions. The share transfer books will be closed from October 21 to October 28, 2025. Shareholders are encouraged to participate electronically, and those unable to attend physically can vote via postal ballot or appoint a proxy.

📌 Key Takeaways

• 📅 SMCPL’s 19th AGM will be held on October 28, 2025, at 10:30 a.m. in Karachi.
• ✅ Agenda includes adopting annual audited financial statements for the year ended June 30, 2025.
• 💰 A 25% final cash dividend (PKR 2.5 per share) will be considered for approval.
• 🗳️ Seven directors will be elected for a three-year term commencing October 28, 2025.
• 🏢 Auditors will be appointed, and their remuneration fixed for the year ending June 30, 2026.
• 🤝 Related party transactions for the year ended June 30, 2025, will be ratified.
• 🔒 Share transfer books will be closed from October 21 to October 28, 2025.
• ✉️ Shareholders are encouraged to participate in the AGM through electronic facilities.
• 🗳️ Voting via postal ballot or proxy is available for those unable to attend physically.
• 🌐 The annual report is available on the company’s website: https://safemixlimited.com/investors-desk.php
• 📧 Shareholders can register for online participation by emailing saeed.anwar@safemixlimited.com.
• 📑 Valid CNIC copies are required for attending the meeting or appointing a proxy.
• 🚫 Gifts and incentives to shareholders at the meeting are strictly prohibited.
• ⚠️ Unclaimed dividends for three years will revert to the Federal Government.
• 🧾 Proxies must be submitted 48 hours before the meeting, with attested NIC copies.

🎯 Investment Thesis

Given the limited information available in this AGM notice, a ‘HOLD’ recommendation is appropriate. A more informed decision would require a detailed analysis of the company’s financial statements. The price target cannot be determined without a complete financial analysis.