⚡ Flash Summary

Quetta Textile Mills Limited (QUET) has applied to the Securities and Exchange Commission of Pakistan (SECP) for an extension to hold its Annual General Meeting (AGM) for the year ended June 30, 2025. The application cites Section 132 & 233 of the Companies Act, 2017. The initial deadline for holding the AGM was on or before October 27, 2025. The company has enclosed necessary documents, including financial statements for the year ended June 30, 2024, and proof of payment of the application fee of Rs. 15,025.

📌 Key Takeaways

• 📅 QUET has requested an extension from the SECP to hold its AGM.
• 📜 The request is under Section 132 & 233 of the Companies Act, 2017.
• ⏳ The original deadline for holding the AGM was October 27, 2025.
• 🧾 Financial statements for the year ended June 30, 2024 are included.
• 💰 The application fee paid is Rs. 15,025.
• 🏦 Challan No.M-2025-923433 confirms fee payment on October 22, 2025.
• 🏢 Famco Associates (Pvt) Ltd is handling the application on behalf of QUET.
• ✍️ Azhar Shamim, Manager – Corporate & Tax Services at Famco Associates, signed the letter.
• 📃 Form-A made up to 28-10-2024 is also enclosed
• ✅ SECP diary no. 251392 on 23 OCT 2025

🎯 Investment Thesis

Based solely on the announcement of an extension request for the AGM, a HOLD recommendation is appropriate. Further analysis is needed based on the company’s financial performance and the reasons for seeking the extension. More information is needed to assess the company’s overall health.