⚡ Flash Summary

Blessed Textiles Limited held its Annual General Meeting on October 27, 2025, where shareholders approved the minutes of the previous AGM and the audited financial statements for the year ended June 30, 2025. Additionally, they ratified the appointment of Messer’s Rehman Sarfraz Rahim Iqbal Rafiq as auditors for the next term (2025-2026) with a remuneration of PKR 2,300,000. Related party transactions disclosed in the financial statements for the year ended June 30, 2025, were also approved. The board is authorized to approve related party transactions on a case-by-case basis for the fiscal year ending June 30, 2026, subject to later shareholder ratification.

📌 Key Takeaways

• 🗓️ AGM held on October 27, 2025.
• ✅ Minutes of the previous AGM (October 28, 2024) approved.
• 📊 Audited financial statements for the year ended June 30, 2025, approved.
• 👨‍💼 Messer’s Rehman Sarfraz Rahim Iqbal Rafiq appointed as auditors for 2025-2026.
• 💰 Auditor remuneration set at PKR 2,300,000.
• 🤝 Related party transactions for the year ended June 30, 2025, ratified.
• 🏢 Board authorized to approve related party transactions until June 30, 2026.
• 📜 Transactions approved by the Board require shareholder ratification at the next AGM.
• ✅ Resolutions passed in compliance with PSX rule book clause 5.6.9(b).
• 🏢 Company address: Umer House, Karachi & Lahore Office.

🎯 Investment Thesis

Given the lack of substantive financial information, a HOLD recommendation is appropriate. This assessment is based on the limited scope of the announcement, which focuses on procedural approvals rather than performance. Further information would be needed to refine the investment thesis.