⚡ Flash Summary
Paramount Spinning Mills Limited held its Annual General Meeting on October 28, 2025, where the annual audited accounts for the year ended June 30, 2025, were approved. The meeting also saw the appointment of M/s Malik Haroon Ahmad & Co (Chartered Accountants) as the auditor for the next financial year, ending on June 30, 2026. The auditor’s professional fee will be determined by the Chief Executive of the Company. These decisions signal a continuation of standard operational and financial oversight practices.
📌 Key Takeaways
- ✅ Annual Audited Accounts for the year ended June 30, 2025, have been approved.
- 🗓️ The approval took place during the Annual General Meeting held on October 28, 2025.
- 🤝 Directors’ and Auditors’ Reports were included in the approval.
- 👨💼 M/s Malik Haroon Ahmad & Co (Chartered Accountants) appointed as auditor.
- audit period covers the next financial year.
- 📅 The next financial year ends on June 30, 2026.
- 💰 Auditor’s professional fee to be decided by the Chief Executive Officer.
- 📜 Resolutions were passed during the meeting.
- 🏢 Paramount Spinning Mills Limited is the company in question.
- 📍 The meeting took place in accordance with company protocols.
🎯 Investment Thesis
HOLD. The announcement doesn’t provide any new information to change the investment thesis. It indicates stable governance, but further financial data is needed for a more informed decision. Price target to remain unchanged until further financial details are released.
Disclaimer: AI-generated analysis. Not financial advice.