⏸️ HATM: HOLD Signal (5/10) – Election of Directors – Notice u/s 159(4) Prior to Publication in Newspapers

📌 Key Takeaways

• 🗳️ Election of Directors announced for Hamid Textile Mills Limited.
• 📅 38th Annual General Meeting set for October 25, 2025, at 12:00 pm in Lahore.
• 🏢 Registered office is the venue for the AGM: 142, Block D, Model Town Lahore.
• 📜 Election is conducted under Section 159(4) of the Companies Act, 2017.
• 👤 Seven candidates have submitted their consents to contest the election.
• ✅ Mrs. Khushbu Ammad is among the candidates.
• ✅ Mr. Khawar Almas Khawaja is also a candidate.
• ✅ Mrs. Nighat Khawar is vying for a director position.
• ✅ Mrs. Momina Khawar Ali is another contestant.
• ✅ Mr. Muhammad Alamgir is in the running.
• ✅ Mr. Tahir Ghafoor Khan is a candidate as well.
• ✅ Mr. Muhammad Mushtaq completes the list of seven candidates.
• 💼 All seven candidates will be deemed elected as the number of contestants matches the number of director positions.
• 📰 Notice will be published in “The Nation” and “Nawaiwaqat” on October 18, 2025.
• 🌐 The notice will also be uploaded on the Company’s website: www.hamid-textile.com.

🎯 Investment Thesis

HOLD. This announcement concerns the election of directors, a routine corporate governance matter. While board composition is important, there is no immediate information to significantly alter an investment thesis. A hold rating is appropriate pending further information regarding the company’s operational and financial performance. No specific price target is given.