⚡ Flash Summary

The AGM of Haji Mohammad Ismail Mills Limited approved the minutes of the last meeting held on October 24, 2024. The revival plan of the company was deemed to be in the best interest of the company and its shareholders, with Mr. Muhammad Sarfraz authorized to execute documents for implementation. Audited accounts for the year ended June 30, 2025, were approved. Naveed Zafrar Ashfaq Jaffery & Co. were appointed as auditors for the year ending June 30, 2026, and the board is authorized to fix their remuneration.

📌 Key Takeaways

• ✅ Minutes of the last AGM held on October 24, 2024, were approved.
• 🏢 Revival plan for the company is considered beneficial for the company and its shareholders.
• 👤 Mr. Muhammad Sarfraz is authorized to execute all necessary documents.
• ✍️ Mr. Muhammad Sarfraz can represent the company before all relevant authorities.
• 🗓️ Audited accounts for the year ended June 30, 2025, were approved.
• 👨‍💼 Naveed Zafrar Ashfaq Jaffery & Co. appointed as auditors for the year ending June 30, 2026.
• 💰 The board is authorized to determine the remuneration for the new auditors.
• 🤝 Mutual consent is required for the auditor’s remuneration.
• 🗓️ The AGM took place on Friday, October 24, 2025, at 11:30 a.m.
• 📍 The meeting was held at 409-Commerce Centre, Hasrat Mohani Road, Karachi.
• 👍 The meeting concluded with a vote of thanks to the Chair.
• 📜 All resolutions were passed unanimously.

🎯 Investment Thesis

Based solely on the announcement, a HOLD recommendation is appropriate. The revival plan and appointment of auditors are positive steps, but more detailed financials are needed to fully evaluate the investment potential. A price target cannot be accurately determined without further financial data. The time horizon depends on the effectiveness of the revival plan and its impact on financial performance.