⚡ Flash Summary
J.A.S.B. & Associates have announced their willingness to act as the auditor for Quetta Textile Mills Limited for the year ending June 30, 2025. The announcement, dated October 10, 2023, states that the audit fee will be mutually agreed upon. Mr. Basharat Rasool will be the Engagement Partner. This news signals a continuation of standard operational procedures for QUET as they prepare for their upcoming financial year.
📌 Key Takeaways
- 📅 Announcement date: October 10, 2023
- 🏢 Company: Quetta Textile Mills Limited (QUET)
- 💼 Auditor: J.A.S.B. & Associates
- ✅ Auditor’s willingness to act confirmed
- 🗓️ Audit period: Year ending June 30, 2025
- 🤝 Audit fee: To be mutually agreed upon
- 🧑💼 Engagement Partner: Mr. Basharat Rasool
- 📍 J.A.S.B. & Associates location: Karachi
- 🌐 J.A.S.B. & Associates is a member of Morison Global.
- 📜 J.A.S.B. & Associates are Chartered Accountants.
- 📞 J.A.S.B. & Associates contact: 00-92-21-32468154-5
- 📧 J.A.S.B. & Associates email: contact@jasb-associates.com
🎯 Investment Thesis
HOLD. The auditor appointment is a routine corporate governance event and provides no new information to change the existing investment recommendation. More financial data is needed to make a more informed recommendation. Price target and time horizon remain unchanged pending further financial releases.
Disclaimer: AI-generated analysis. Not financial advice.