⚡ Flash Summary

The 68th Annual General Meeting (AGM) of Allawasaya Textile and Finishing Mills Limited was held on October 27, 2025. Shareholders approved the minutes of the Extra Ordinary General Meeting held on November 11, 2024. The audited financial statements for the year ended June 30, 2025, along with the directors’ and auditors’ reports were adopted. M/s Yousuf Adil Chartered Accountants, Lahore, were appointed as auditors for the financial year 2025-2026. The shareholders also approved the disposal and sale of the company’s land located at Dunya Pur Road, Basti Dogran & Suigas Road, Multan, measuring 121 Kanals 12 Marlas 21 Yards.

📌 Key Takeaways

• ✅ AGM approved minutes of the EOGM held on November 11, 2024.
• 📊 Audited Financial Statements for the year ended June 30, 2025, were adopted.
• 👨‍💼 Directors’ and Auditors’ reports were also approved.
• 👩‍💼 M/s Yousuf Adil Chartered Accountants, Lahore appointed as auditors for FY 2025-2026.
• 🏢 Disposal and sale of land measuring 121 Kanals 12 Marlas 21 Yards approved.
• 📍 Land located at Dunya Pur Road, Basti Dogran & Suigas Road, Multan.
• 🤝 Board authorized to delegate powers to CEO/Executive Directors for land disposal.
• 📄 CEO/Executive Directors empowered to handle all matters related to land disposal.
• 🏦 Authorization includes negotiations, obtaining quotations, and executing sale deeds.
• ✅ Board empowered to modify resolutions if required by SECP/PSX.
• ⚖️ Compliance with statutory requirements with SECP, PSX and other regulatory bodies.

🎯 Investment Thesis

Based on the limited information available (procedural resolutions), a HOLD recommendation is appropriate. The approval of audited financial statements suggests operational continuity, but the lack of financial performance data makes it difficult to make a well-informed investment decision. The decision to sell land requires further investigation to understand the underlying reasons and potential impact on the company’s future prospects.