⚡ Flash Summary
J. A. Textile Mills Limited held its Annual General Meeting (AGM) on October 28, 2025, where resolutions were passed and adopted. The meeting confirmed and approved the minutes of the Extraordinary General Meeting held on November 30, 2024. The audited financial statements, along with the directors’ and auditors’ reports for the year ended June 30, 2025, were approved and adopted. Additionally, Kreston Hyder Bhimji & Co. were appointed as auditors for the year ending June 30, 2026, replacing the retiring auditor, Arshad Raheem & Co.
📌 Key Takeaways
- 🗓️ AGM held on October 28, 2025.
- ✔️ Minutes of the Extraordinary General Meeting on November 30, 2024 were confirmed.
- ✅ Audited Financial Statements for the year ended June 30, 2025 were approved.
- 💼 Directors’ and Auditors’ reports were adopted.
- 🏦 Arshad Raheem & Co., the current auditors, are retiring.
- 🤝 Kreston Hyder Bhimji & Co. appointed as the new auditors for the year ending June 30, 2026.
- 📜 Resolutions passed and adopted during the AGM.
- 📍 Meeting held in compliance with Regulation 5.6.9(b) of the PSX Rule Book.
- ✉️ Certified copies of resolutions enclosed.
- 🏢 Registered office located in Faisalabad, Pakistan.
🎯 Investment Thesis
Given the limited information, a HOLD recommendation is appropriate. Further analysis of the company’s financials is needed to make an informed decision. A BUY or SELL recommendation would be speculative without understanding the financial performance of J. A. Textile Mills. Monitor future announcements and filings for detailed financial data to determine a more specific investment thesis.
Disclaimer: AI-generated analysis. Not financial advice.