⚡ Flash Summary
Khyber Textile Mills Limited has announced the upcoming election of directors under Section 159(4) of the Companies Act, 2017. The 64th Annual General Meeting (AGM) is scheduled for Thursday, October 23, 2025, at 10:00 am at the company’s registered office in Baldher, District Haripur, Khyber Pakhtunkhwa. Seven candidates have expressed their intention to stand for election as Directors. Since the number of candidates does not exceed the number of director positions fixed by the board, all candidates will be deemed elected for the next three years.
📌 Key Takeaways
- 🗓️ Election of directors scheduled for October 23, 2025.
- 🏢 Location: Registered Office, Baldher, District Haripur, Khyber Pakhtunkhwa.
- 🕒 Time: 10:00 am.
- 📜 Governed by Section 159(4) of the Companies Act, 2017.
- 👤 Seven candidates have filed notices of intention to offer themselves for election.
- 👨 Mr. Aurangzeb Khan is a candidate.
- 👨 Mr. Amanullah Khan Jadoon is a candidate.
- 👨 Mr. Muhammad Bahauddin is a candidate.
- 👨 Mr. Adam Jadoon is a candidate.
- 👩 Mrs. Aamna Jadoon is a candidate.
- 👨 Mr. Hassan Ovais (Independent Director) is a candidate.
- 👨 Mr. Nusrat Iqbal (Independent Director) is a candidate.
- ✅ All candidates are deemed elected since the number of candidates is not more than the number of director positions fixed by the board.
- 📅 The elected directors will serve for the next three years.
- ℹ️ Company Secretary issued the notice on October 14, 2025.
🎯 Investment Thesis
HOLD. This announcement concerns the procedural matter of director elections. Without financial information, a definitive investment recommendation is not possible. The fact that the candidate nominations matched the number of board seats indicates stability, but more information is needed to adjust the rating.
Disclaimer: AI-generated analysis. Not financial advice.