⚡ Flash Summary
Khyber Textile Mills Limited has announced the revocation of the notice for the election of directors under Section 159(4) of the Companies Act, 2017. The announcement states that the company held an AGM on October 23, 2025, at its registered office. Seven individuals, including Mr. Aurangzeb Khan, Mr. Amanullah Khan Jadoon, Mr. Muhammad Bahauddin, Mr. Adam Jadoon, Mrs. Aamna Jadoon, Mr. Hassan Ovais, and Mr. Nusrat Iqbal, had intended to offer themselves for election as directors. However, because the number of candidates was not more than the number of directors fixed by the board, these candidates were deemed elected for the next three years.
📌 Key Takeaways
- 📢 Notice for election of directors REVOKED under Section 159(4) of the Companies Act, 2017.
- 🗓️ 64th Annual General Meeting (AGM) held on Thursday, October 23, 2025, at 10:00 am.
- 🏢 Registered Office: Baldher, District Haripur, Khyber Pakhtunkhwa.
- 👤 Mr. Aurangzeb Khan intended to offer himself for election.
- 👤 Mr. Amanullah Khan Jadoon intended to offer himself for election.
- 👤 Mr. Muhammad Bahauddin intended to offer himself for election.
- 👤 Mr. Adam Jadoon intended to offer himself for election.
- 👤 Mrs. Aamna Jadoon intended to offer herself for election.
- 👤 Mr. Hassan Ovais (Independent Director) intended to offer himself for election.
- 👤 Mr. Nusrat Iqbal (Independent Director) intended to offer himself for election.
- ✅ Candidates deemed elected as the number of candidates did not exceed the number of directors fixed by the board.
- ⏳ The above-named candidates shall be deemed to have been elected as Directors of the Company for the next three years.
- 📅 Notice issued on October 14, 2025.
- 🏢 Khyber Textile Mills Limited is the company in question.
🎯 Investment Thesis
HOLD. This announcement is procedural and does not provide sufficient information to make an informed investment decision. The lack of any fundamental financial data makes it impossible to assess the company’s performance or potential. A more detailed review of the company’s financials and strategic direction would be needed before changing this recommendation.
Disclaimer: AI-generated analysis. Not financial advice.