⚡ Flash Summary

Towellers Limited held its 52nd Annual General Meeting on October 28th, 2025. The meeting addressed ordinary business matters, including the confirmation of minutes from the previous AGM held on October 25th, 2024. Shareholders approved the audited accounts for the fiscal year ending June 30th, 2025, along with the reports from the directors and auditors. M/S Mushtaq & Company, Chartered Accountants Karachi, were re-appointed as auditors for the term concluding at the next Annual General Meeting.

📌 Key Takeaways

• 🗓️ AGM held on October 28th, 2025.
• ✅ Minutes from the previous AGM on October 25th, 2024 were confirmed.
• 💰 Audited accounts for the year ending June 30th, 2025 were approved.
• 🏢 Director’s and auditor’s reports were also approved.
• 👨‍💼 M/S Mushtaq & Company re-appointed as auditors.
• 🤝 Re-appointment is for the term ending at the next AGM.
• 🇵🇰 Meeting held in Karachi.
• 📜 Resolutions passed as per Rule Book of Pakistan Stock Exchange.
• 📝 Resolutions will be entered in the Minutes Book.
• ✉️ Notification sent to Pakistan Stock Exchange Ltd.
• 🏢 Company address: Towellers House, Karachi.
• 🌐 Company website: www.towellers.com

🎯 Investment Thesis

Based on this announcement alone, a HOLD recommendation is appropriate. The information is purely procedural and doesn’t provide insights into the company’s financial performance or strategic direction. More information about financial performance and future plans is necessary before changing this recommendation.