⚡ Flash Summary

Punjab Oil Mills Limited held its Annual General Meeting on October 28, 2025, where shareholders approved the audited financial statements for the year ended June 30, 2025. They re-appointed M/s Crowe Hussain Chaudhary & Co. as external auditors for the year ending June 30, 2026, at the same remuneration as the previous year. Additionally, M/s BDO Ebrahim & Co. Chartered Accountants were appointed as cost auditors for the year ending June 30, 2026, with a remuneration of Rs. 450,000 inclusive of applicable taxes. The shareholders also ratified arm’s length transactions with associated companies and authorized the Chief Executive Officer to approve future transactions of this nature.

📌 Key Takeaways

• ✅ AGM held on October 28, 2025.
• 🗓️ Audited financial statements for the year ending June 30, 2025, approved.
• 👍 Chairman’s Review, Director’s Report, and Auditor’s Report adopted unanimously.
• 👨‍💼 M/s Crowe Hussain Chaudhary & Co. re-appointed as external auditors.
• 🤝 Remuneration for external auditors remains the same as the previous year.
• 🏢 M/s BDO Ebrahim & Co. appointed as cost auditors.
• 💰 Cost auditor remuneration fixed at Rs. 450,000 inclusive of taxes.
• 📜 Arm’s length transactions with associated companies ratified.
• ✔️ Chief Executive Officer authorized to approve transactions with associated companies for the year ending June 30, 2026.
• 🏦 Compliance with Section 208 of the Companies Act 2017 ensured.
• 🤝 Audit Committee and Board recommended the auditor appointments.
• 📅 Next audit period extends to June 30, 2026.
• 📜 Ordinary resolutions passed as per Rule Book of Pakistan Stock Exchange.
• 🏢 Meeting held at Plot No. 26-28, Industrial Triangle, Kahuta Road, Islamabad.
• 💼 No further business discussed beyond the resolutions.

🎯 Investment Thesis

Given the information provided, a HOLD rating is appropriate. The document outlines standard corporate governance procedures, which do not provide sufficient information to warrant a change in investment stance. The focus is on compliance and operational continuity. Further financial analysis would be needed to assess the company’s performance and potential for growth to move to a BUY rating. Conversely any indication of non-compliance or mis governance could warrant a SELL rating.