⚡ Flash Summary
Fateh Sports Wear Limited held its Annual General Meeting on October 27, 2025, where the annual audited financial statements for the year ended June 30, 2025, were unanimously approved along with the Chairman and Directors’ Reports, Statement of Compliance, Independent Auditors’ and Review Reports. Additionally, Clarkson Hyde Saud Ansari, Chartered Accountants, were re-appointed as External Auditors for the year ending June 30, 2026. The remuneration for the audit of annual accounts is set at Rs. 400,000 per annum, and Rs. 100,000 for the review of half-yearly accounts. This announcement indicates a routine continuation of financial oversight and governance.
📌 Key Takeaways
- 🗓️ Annual General Meeting held on October 27, 2025.
- ✅ Annual Audited Financial Statements for the year ended June 30, 2025, were unanimously approved.
- 👨💼 Chairman and Directors’ Reports approved.
- 📜 Statement of Compliance approved.
- 🧑💼 Independent Auditors’ Reports approved.
- 🔍 Review Reports approved.
- 🏢 Meeting held at the Registered Office in Hyderabad.
- 👨💼 Clarkson Hyde Saud Ansari re-appointed as External Auditors.
- 📅 Auditors appointed for the year ending June 30, 2026.
- 💰 Audit remuneration set at Rs. 400,000 per annum.
- 🧾 Half-yearly accounts review remuneration set at Rs. 100,000.
- 🤝 Resolutions passed unanimously.
🎯 Investment Thesis
Based solely on this announcement, a HOLD recommendation is appropriate. The information confirms standard corporate governance practices are being followed, but provides no insight into the company’s financial performance or future prospects. Without further financial data, it’s impossible to justify a BUY or SELL recommendation.
Disclaimer: AI-generated analysis. Not financial advice.