⚡ Flash Summary

Aisha Steel Mills Limited held its Twenty-First Annual General Meeting on October 17, 2025, where shareholders adopted the annual audited financial statements for the year ended June 30, 2025. Resolutions were passed regarding related party transactions. A. F. Ferguson & Co. were reappointed as external auditors for the year ending June 30, 2025. The minutes of the Twentieth Annual General Meeting held on October 28, 2024, were approved.

📌 Key Takeaways

• 🗓️ AGM held on October 17, 2025.
• ✅ Audited financial statements for the year ended June 30, 2025 adopted.
• 🤝 Resolutions passed regarding related party transactions.
• ✍️ Minutes of the Twentieth AGM held on October 28, 2024 approved.
• 🏢 A. F. Ferguson & Co. reappointed as external auditors.
• 🧾 Transactions with related parties approved as disclosed in financial statements.
• 🏦 Board authorized to approve related party transactions for the year ending June 30, 2026.
• 📜 Transactions approved by the Board deemed approved by shareholders under Companies Act, 2017.
• 📢 Transactions to be placed before shareholders in the next AGM for formal ratification.
• 📍 AGM held at Stock Exchange Building, Karachi.
• ⏰ Meeting started at 11:30 a.m.

🎯 Investment Thesis

Based on the announcement, a HOLD recommendation is appropriate. The AGM’s proceedings were routine, with approval of financial statements and auditor reappointment. The focus on related party transactions requires further investigation before making a more decisive recommendation. A detailed review of the financial statements is necessary to determine a price target and time horizon.