⚡ Flash Summary

Gul Ahmed Textile Mills Limited held its 73rd Annual General Meeting on October 25, 2025. Resolutions were passed including the approval of the audited financial statements for the year ended June 30, 2025. Yousuf Adil, Chartered Accountants, were appointed as auditors for the financial year ending June 30, 2026. Related party transactions carried out in the normal course of business were ratified and approved.

📌 Key Takeaways

• ✅ 73rd Annual General Meeting held on October 25, 2025.
• ✅ Audited financial statements for the year ended June 30, 2025 were approved.
• ✅ Statement of Financial Position as at June 30, 2025 was approved.
• ✅ Statement of Profit and Loss was approved.
• ✅ Statement of Comprehensive Income was approved.
• ✅ Statement of Cash Flow was approved.
• ✅ Statement of Changes in Equity was approved.
• ✅ Auditors’ Report and Directors’ Report for the year ended June 30, 2025 were approved.
• ✅ Yousuf Adil, Chartered Accountants, appointed as auditors for the financial year ending June 30, 2026.
• ✅ Chairman/CEO authorized to fix auditors’ remuneration.
• ✅ Related party transactions as per Note 39 for the year ended June 30, 2025 were ratified.
• ✅ Board authorized to approve related party transactions during the year ending June 30, 2026.
• ✅ Related party transactions to be placed before shareholders in the next AGM.

🎯 Investment Thesis

HOLD. The announcement is purely procedural and does not provide any new information to alter the investment thesis. A hold rating is maintained pending further financial results and strategic updates.