⚡ Flash Summary
First Dawood Properties Limited held its 31st Annual General Meeting (AGM) on October 24, 2025. Key resolutions included the confirmation of minutes from the 30th AGM held on October 24, 2024, and the adoption of the audited annual financial statements for the year ended June 30, 2025. S.M. Suhail & Co. Chartered Accountants were appointed as external auditors for the financial year 2025-2026. The meeting also saw the election of seven directors for a three-year term, subject to SECP approval.
📌 Key Takeaways
- 🗓️ The 31st AGM was held on October 24, 2025.
- ✅ Minutes of the 30th AGM (October 24, 2024) were confirmed.
- 📊 Audited financial statements for the year ended June 30, 2025, were adopted.
- 💼 S.M. Suhail & Co. appointed as external auditors for the year 2025-2026.
- 👨💼 Seven directors were elected for a three-year term, subject to SECP approval.
- 🧑💼 Directors elected: Christopher John Aitken Andrew.
- 🧑💼 Directors elected: Muhammad Rizwan-ul Haque.
- 🧑💼 Directors elected: Abu Khursheed Muhammad Arif.
- 🧑💼 Directors elected: Khurshid Abul Khair.
- 🧑💼 Directors elected: Aamir Ahsan Khan.
- 🧑💼 Directors elected: Iqbal Ahmed.
- 👩💼 Directors elected: Mrs. Farhat Ali.
- 🇵🇰 The company is listed on the Pakistan Stock Exchange Limited.
🎯 Investment Thesis
Given the lack of financial information in the announcement, a HOLD recommendation is appropriate. Further analysis of the company’s financial performance and strategic direction is required to make a more informed investment decision. Without further information, assigning a price target or time horizon is not feasible.
Disclaimer: AI-generated analysis. Not financial advice.