⏸️ FZCM: HOLD Signal (5/10) – Certified copy of resolution passed by members of FAZAL CLOTH MILLS LTD.

📌 Key Takeaways

• ✅ Annual Audited Financial Statements for the year ended June 30, 2025, were approved.
• 🧑‍💼 ShineWing Hameed Chaudhri & Co. re-appointed as auditors for the year ending June 30, 2026.
• 🗓️ Auditors to hold office until the conclusion of the next Annual General Meeting.
• 🤝 Chief Executive authorized to fix auditor remuneration.
• 💼 Related party transactions carried out during the year ended June 30, 2025, were ratified and confirmed.
• 💸 Chief Executive authorized to approve transactions with related parties during the financial year ending June 30, 2026.
• 📜 Related party transactions to be conducted at arm’s length basis.
• 📑 Related party transactions to be placed before shareholders for ratification at the next AGM.
• ✍️ Chief Executive, Chief Financial Officer, and Company Secretary empowered to execute agreements with related parties.
• 🏢 Actions related to signing and execution of agreements with related parties require Chief Executive’s approval.
• 📄 Legal formalities, including filing documents, authorized for implementing resolutions.
• 📅 Resolutions were passed at the 60th AGM held on October 25, 2025.
• 🔒 No specific financial details (revenue, profit, etc.) were provided in the resolutions.
• ℹ️ The resolutions focus on governance and procedural matters.

🎯 Investment Thesis

Given the lack of financial data and the focus on governance matters, a HOLD recommendation is appropriate. The resolutions indicate that the company is taking steps to ensure compliance, but there’s no clear indication of improved financial performance or strategic shifts that would warrant a BUY or SELL rating. Further financial information and operational updates are needed to make a more informed investment decision.