Matin Spinning Mills PLC

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on November 03, 2026 at 4:00 PM to consider, among others, Un-Audited Financial Statements for the First Quarter (Q1) period ended September 30, 2026.

The company has informed that the Board of Directors of Matin Spinning Mills PLC, in its 157th Board meeting held on 18 October 2026, has approved 02 (Two) Revised Contracts subject to approval by the shareholders in the upcoming Annual General Meeting for Sale of Yarn between Matin Spinning Mills PLC and the following Private Limited Companies under common Directorship. The contracts will remain initially valid for 36 months effective from 01 July 2026 and (cont.) (Cont. news of MATINSPINN): shall continue unless terminated at any time by both the Seller and the Buyer on one month's prior written notice. The details of the revised contracts are as follows: 01. Jinnat Fashions Limited: Minimum USD 500,000 and Maximum USD 10,000,000; 02. Mawna Fashions Limited: Minimum USD 1,000,000 and Maximum USD 27,500,000. (end)

The Board of Directors has recommended 45% Cash and 10% Stock dividend for the year ended June 30, 2026. Date of AGM: 10.12.2026, Time: 11:30 AM, Venue: Digital Platform. Record Date: 12.11.2026. The Company has also reported EPS of Tk. 6.36, NAV per share with revaluation reserve of Tk. 70.69 and NOCFPS of Tk. 5.31 for the year ended June 30, 2026 as against Tk. 4.70, Tk. 69.89 and Tk. 11.67 respectively for the year ended June 30, 2025. (cont.1) (Cont. News of MATINSPINN): Disclosure for Recommending Stock Dividend: The Board has recommended stock dividend to finance the ongoing capacity expansion to modernize production through Auto Blending in the Blow Room. Stock Dividend is recommended only out of retained earnings. (cont.2) (Cont. News of MATINSPINN): Stock Dividend is not recommended from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)

The company has informed that the Board of Directors at its meeting held on 18 October 2026 has approved the potential purchase of capital machinery mainly from Rieter AG, Klosterstrasse 20, Postfach, CH-8406 Winterthur, Switzerland. This procurement aims to modernize production through Auto Blending in the Blow Room, thereby enhancing overall productivity and operational efficiency. The total estimated cost of the capital machinery, including commercial, installation, construction, accessories, (cont.) (Cont. News of MATINSPINN): and other related expenses, is Tk. 96,000,000 (Taka Nine Crore Sixty Lac only) which will be financed through the issuance of bonus shares. Upon installation and successful commissioning of the machinery, the Company expects to increase productivity and improve overall operational efficiency. Accordingly, the Company anticipates an incremental profit of approximately Tk. 3.50 crore per annum. (end)

There will be no price limit on the trading of the shares of the Company today (19.10.2026) following its corporate declaration.