⚡ Flash Summary

The Annual General Meeting (AGM) of Dawood Equities Limited was held on October 28, 2025, where shareholders approved the minutes of the previous AGM held on October 25, 2024. The annual audited financial statements for the year ending June 30, 2025, along with the Directors’ and Auditors’ reports, were also adopted and approved. Additionally, Yousuf Adil, Chartered Accountants, was appointed as external auditors for the year ending June 30, 2025/2026. The Chief Executive Officer is authorized to determine their remuneration through mutual consultation.

📌 Key Takeaways

• 🗓️ AGM held on October 28, 2025, at 8:45 am in Karachi.
• ✅ Minutes of the 19th AGM held on October 25, 2024, were approved.
• ✔️ Annual Audited Financial Statements for the year ended June 30, 2025, approved.
• 👍 Directors’ and Auditors’ Reports for the year ended June 30, 2025, approved.
• 👨‍💼 Yousuf Adil, Chartered Accountants, appointed as external auditors.
• ⏳ Auditor appointment is for the year ending June 30, 2025/2026.
• 🤝 CEO authorized to fix auditor remuneration after mutual consultation.
• 🏢 Registered office of the company located at 1700-A, Saima Trade Towers, Karachi.
• 👤 Salman Yaqoob is the CFO & Company Secretary.
• 🌐 Company website: www.dawoodequities.com
• 📍 Head office situated at I.I. Chundrigar Road, Karachi.

🎯 Investment Thesis

Given the lack of financial information, a HOLD recommendation is maintained. This announcement does not provide sufficient information to revise any existing investment thesis. Further financial releases need to be analyzed to determine a potential price target and time horizon.