⚡ Flash Summary

The Annual General Meeting (AGM) of Crescent Fibres Limited was held on October 28, 2025. Shareholders approved the audited accounts for the year ended June 30, 2025, along with the auditor’s and director’s reports. BDO Ebrahim & Company was re-appointed as the company’s auditor. The CEO is authorized to negotiate and fix the auditor’s remuneration. Related party transactions for the year ended June 30, 2025 were ratified.

📌 Key Takeaways

• ✅ Audited accounts for the year ended June 30, 2025, were adopted.
• 🤝 Auditors’ and Directors’ reports were approved.
• 👨‍💼 BDO Ebrahim & Company re-appointed as auditors.
• ✍️ CEO authorized to negotiate auditor’s remuneration.
• 🤝 Related party transactions until June 30, 2025 ratified.
• 🗓️ Board authorized to approve related party transactions until June 30, 2026.
• ✔️ Transactions until June 30, 2026, will be approved on a case-by-case basis.
• 📣 Transactions will be placed before shareholders in the next AGM.
• 📰 Annual report circulation approved.
• 🔗 Annual report will be accessible via QR code and weblink.
• 📜 Circulation follows Companies Act, 2017 Section 223(6).
• ✔️ Resolutions passed as per Pakistan Stock Exchange Rules 5.6.9(b).

🎯 Investment Thesis

HOLD. The announcement is procedural and doesn’t provide enough information to change the investment recommendation. A comprehensive financial review is necessary to determine a BUY or SELL rating. The current information only confirms standard AGM approvals.