⚡ Flash Summary
The 71st Annual General Meeting (AGM) of Buxly Paints Limited was held on October 28, 2025. Shareholders approved the minutes of the 70th AGM held on October 28, 2024. The audited financial statements for the year ended June 30, 2025, along with the chairman’s review, directors’ report, and auditor’s reports, were adopted. M/S Rahman Sarfraz Rahim Iqbal Co. was appointed as the statutory auditors for the year 2025-26.
📌 Key Takeaways
- ✅ Minutes of the 70th Annual General Meeting held on October 28, 2024, were confirmed.
- 📈 Audited financial statements for the year ended June 30, 2025, were adopted.
- 👨💼 M/S Rahman Sarfraz Rahim Iqbal Co. appointed as statutory auditors for 2025-26.
- 👨💼 The Board of Directors will determine the auditor’s remuneration.
- 🗳️ Seven directors were elected for a three-year term as per the Companies Act, 2017.
- 👨💼 Mr. Adnan Iqbal elected as Director
- 👨💼 Mr. Fakhrul Arfin elected as Director
- 👨💼 Mr. Muhammad Hanif Idrees elected as Director
- 👨💼 Mr. Muhammad Jawad Rafique elected as Director
- 👨💼 Mr. Shamshad Ali (Independent Director) elected as Director
- 👩💼 Ms. Rubina Rizvi (Independent Director) elected as Director
- 👨💼 Mr. Naseer Ahmed (Independent Director) elected as Director
- 💰 Executive Director Mr. Adnan Iqbal’s remuneration increased by 15% from July 1, 2024.
- 💰 Executive Director Mr. Adnan Iqbal’s remuneration increased by 12% from July 1, 2025.
🎯 Investment Thesis
Based on the AGM extracts, a HOLD recommendation is appropriate due to the lack of specific financial performance data. A more informed decision can be made upon reviewing the audited financial statements for the year ended June 30, 2025. Without these results, it’s impossible to determine the potential upside or downside.
Disclaimer: AI-generated analysis. Not financial advice.