⚡ Flash Summary

Bolan Castings Limited held its 43rd Annual General Meeting on October 22, 2025, where several resolutions were passed. These included the confirmation of minutes from the previous AGM, adoption of audited financial statements for the year ended June 30, 2025, and the appointment of A.F. Ferguson & Co. as auditors for the year ending June 30, 2026. Transactions with Group companies were ratified, and the Chief Executive was authorized to approve transactions with Group companies for the upcoming year, subject to shareholder ratification. The resolutions indicate a continuation of normal business operations and compliance with regulatory requirements.

📌 Key Takeaways

• 📅 Confirmed minutes of the 42nd Annual General Meeting held on October 24, 2024.
• ✅ Adopted the audited financial statements for the year ended June 30, 2025.
• 👨‍💼 Approved the Chairman’s review, Directors’ report, and Auditors’ report for FY2025.
• 💼 Appointed A.F. Ferguson & Co. as auditors for the year ending June 30, 2026.
• 💰 Approved audit fees of Rs. 1,732,500 for the annual audit.
• 🔍 Set Rs. 500,000 for the Half Yearly Limited Scope Review.
• 📜 Allocated Rs. 115,500 for reporting on Statement of Compliance with Listed Companies Regulations 2019.
• 🤝 Ratified and approved transactions carried out with Group companies for FY2025.
• 👨‍✈️ Authorized the Chief Executive to approve transactions with Group companies for the year ending June 30, 2026.
• ✅ Subject to final approval/ratification by shareholders at the next AGM.
• 📑 Ensured all necessary actions can be taken and documents signed by the Chief Executive on behalf of the Company.

🎯 Investment Thesis

Given the limited information, a HOLD recommendation is appropriate. Further analysis of the financial statements and related-party transactions is needed to determine whether Bolan Castings is undervalued or overvalued. Without concrete data, there is insufficient evidence to warrant a BUY or SELL decision.