⚡ Flash Summary

The announcement from B. F. Modaraba details resolutions passed in their Annual Review Meeting held on October 27, 2025. Key resolutions include the adoption of annual audited financial statements for the year ending June 30, 2025, along with related reports. Additionally, the current auditors, M/s. Avais Hyder Liaquat Nauman, are retiring but have offered themselves for reappointment for the year ending June 30, 2026, pending approval. The company secretary is authorized to take necessary actions to give effect to the resolutions.

📌 Key Takeaways

• ✅ Annual Audited Financial Statements for the year ended June 30, 2025, were adopted.
• 👨‍💼 Chairman’s Review, Directors Report, and Auditors Report were also adopted.
• 🏢 M/s. Avais Hyder Liaquat Nauman are retiring as auditors.
• 🤝 The retiring auditors have offered themselves for reappointment.
• 🗓️ Reappointment is for the year ending June 30, 2026.
• ✔️ Reappointment is subject to approval by the Registrar Modaraba Companies and Modarabas.
• 📜 The Board has confirmed the auditor’s appointment.
• ✍️ Company Secretary is authorized to take necessary actions.
• 🗓️ The Annual Review Meeting (ARM) was held on October 27, 2025.
• 📄 Resolutions were passed pursuant to clause 5.6.9(b) of the PSX Regulations.
• 📢 The announcement was made on October 28, 2025.
• 📍 The company is based in Karachi, Pakistan.
• 🌐 Company URL is www.bfmodaraba.com.pk

🎯 Investment Thesis

Given the lack of financial performance data in the announcement, a HOLD recommendation is appropriate. Further analysis of the actual financial statements is needed to determine potential BUY or SELL opportunities. A price target cannot be set without a detailed financial analysis.