⚡ Flash Summary

The announcement confirms the minutes of the 34th Annual General Meeting (AGM) and approves the audited accounts for the year ended June 30, 2025. Eight directors were elected, and Tahir Siddiqi & Co. were re-appointed as auditors for the year ending June 30, 2026. No specific financial details or performance metrics are disclosed within the announcement. The focus is on procedural confirmations and appointments, lacking information to assess the company’s financial health or future prospects.

📌 Key Takeaways

• ✅ Minutes of the 34th AGM held on October 25, 2024, have been confirmed.
• ✔️ Annual Audited Accounts for the year ending June 30, 2025, approved.
• 👨‍💼 Eight directors elected according to Section 159 of Companies Act, 2017.
• 👨‍💼 Elected directors include Mr. Muhammad Afzal Sheikh, Mr. Muhammad Amin Sheikh, Mrs. Farnaz Saeed, Mr. Kamal Subhani.
• 👨‍💼 Elected directors also include Mr. Muhammad Saeed Sheikh, Mrs. Parveen Afzal, Mrs. Nafisa Amin, Mr. Asif Sajjad.
• Re-appointment of M/s Tahir Siddiqi & Co. as auditors.
• 💰 Auditor remuneration to be decided by the Chief Executive.
• 🗓️ Auditors appointed for the year ending June 30, 2026.
• 📄 Compliance with Regulation No. 5.6.4. (b) of Pakistan Stock Exchange.
• 🤝 Meeting concluded with a vote of thanks to the Chair.
• 🏢 The 35th AGM was held on October 24, 2025.

🎯 Investment Thesis

Given the lack of financial information, a ‘HOLD’ recommendation is appropriate. The announcement primarily covers procedural aspects and appointments, lacking details necessary to evaluate potential upside or downside. Further financial reports and data are required to formulate a more informed investment thesis.