⚡ Flash Summary

Al-Abid Silk Mills Ltd. held its Annual General Meeting on October 28, 2025, where key resolutions were passed. The minutes from the previous meeting on November 26, 2024, were confirmed and adopted. Additionally, the annual audited financial statements as of June 30, 2025, along with the reports from auditors and directors, were approved. M/s. Muniff Ziauddin & Co. Chartered Accountants were reappointed as the company’s auditors until the conclusion of the next Annual General Meeting.

📌 Key Takeaways

• 🗓️ Annual General Meeting held on October 28, 2025.
• ✅ Minutes of the AGM held on November 26, 2024, were confirmed and adopted.
• 💼 Annual Audited Financial Statements as of June 30, 2025, approved.
• 🤝 Auditors’ and Directors’ reports to shareholders were approved.
• 📜 Statement of Compliance for Corporate Governance approved.
• 👨‍💼 M/s. Muniff Ziauddin & Co. reappointed as auditors.
• 🔒 Auditors will hold office until the next AGM.
• 🏢 Meeting focused on procedural approvals and auditor appointments.
• 📊 Financial statement approval indicates compliance with reporting standards.
• 🔍 No specific financial performance data was disclosed in this announcement.

🎯 Investment Thesis

Given the lack of financial information in this announcement, a definitive recommendation is difficult. A HOLD rating seems appropriate until further financial details are released. A price target cannot be established without proper financial analysis. The time horizon would depend on the availability of financial information and the company’s future performance.