⚡ Flash Summary

Ideal Spinning Mills Ltd. held its 37th Annual General Meeting on October 28, 2025, where shareholders passed resolutions related to ordinary business. Key decisions included confirming the minutes of the Extra Ordinary General Meeting held on August 11, 2025, and approving the Annual Audited Financial Statements for the year ended June 30, 2025. The AGM also saw the re-appointment of M/S. Riaz Ahmad & Co. as auditors for the financial year ending June 30, 2026, with remuneration to be mutually agreed upon.

📌 Key Takeaways

• 🗓️ 37th Annual General Meeting (AGM) held on October 28, 2025.
• 🏢 AGM took place at the registered office in Karachi.
• 📝 Minutes of the Extra Ordinary General Meeting on August 11, 2025, were confirmed.
• ✅ Annual Audited Financial Statements for the year ended June 30, 2025, were approved.
• 🧑‍💼 M/S. Riaz Ahmad & Co. re-appointed as auditors.
• ⏳ Auditors to hold office until the conclusion of the next AGM.
• 📅 Auditors’ tenure covers the financial year ending June 30, 2026.
• 🤝 Remuneration for auditors to be mutually agreed upon.
• ✔️ Resolutions passed in the AGM related to ordinary business.
• 🏢 Company’s registered office is located at Business Center 404/405, 4th Floor, Karachi.

🎯 Investment Thesis

Based on the information provided (AGM resolutions), a HOLD recommendation is appropriate. The announcement covers standard corporate governance matters and does not offer insights into the company’s financial performance or strategic direction. A more informed investment decision would require a thorough analysis of the company’s financial statements and industry outlook.