⚡ Flash Summary

Artistic Denim Mills Limited (ADMM) held its 33rd Annual General Meeting on October 25, 2025, where shareholders adopted the audited financial statements, directors’ report, and auditors’ report for the year ended June 30, 2025. The meeting also saw the re-appointment of Reanda Haroon Zakaria Aamir Salman Rizwan & Company as the company’s independent external auditors for the year ending June 30, 2026. The approved remuneration for the auditors is Rs. 1,900,000. The resolutions passed were in compliance with the PSX Rule Book.

📌 Key Takeaways

• 🗓️ AGM held on October 25, 2025.
• ✅ Audited financial statements for the year ended June 30, 2025 approved.
• 👨‍💼 Directors’ report adopted.
• 🧑‍💼 Independent Auditors’ report accepted.
• 🤝 Reanda Haroon Zakaria Aamir Salman Rizwan & Company re-appointed as auditors.
• 📅 Auditor appointment for the year ending June 30, 2026.
• 💰 Auditors’ remuneration set at Rs. 1,900,000.
• 📜 Compliance with clause 5.6.9(b) of the PSX Rule Book.
• 🏢 Meeting held at Dewan University premises.
• 🕒 Meeting started at 4:00 p.m.

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. The document doesn’t provide any new information that would drastically alter the investment outlook. It confirms that the company is maintaining its governance and audit practices. More comprehensive financial information is needed to arrive at a stronger investment decision. Target price and time horizon require further financial data.