⚡ Flash Summary
Shadman Cotton Mills Ltd. held its 46th Annual General Meeting (AGM) on October 28, 2025. The meeting addressed standard business items, including the confirmation of minutes from the previous AGM held on November 27, 2024, and the approval of the audited financial statements for the year ended June 30, 2025. Mushtaq & Company, Chartered Accountants, were re-appointed as auditors for the upcoming fiscal year ending June 30, 2026. A resolution was passed to allow the company to lease or rent out vacant buildings to increase funds inflow, indicating a potential strategy to optimize asset utilization.
📌 Key Takeaways
- 🗓️ AGM held on October 28, 2025.
- 🏢 Registered office at 3.5 KM Feroze Watoan Warburton Road.
- ✅ Minutes from AGM on November 27, 2024, confirmed.
- 🧾 Audited Financial Statements for year ended June 30, 2025, approved.
- 👨💼 M/s Mushtaq & Company re-appointed as auditors for the year ending June 30, 2026.
- 🏢 Vacant buildings can be leased or rented out for increased funds.
- 💰 Leasing decision aims to increase funds inflow for the company.
- 🔑 CEO authorized to lease/rent out buildings on favorable terms.
- ✍️ CEO empowered to execute necessary documents.
- 📜 Compliance with Regulation No. 5.6.9(b) of the Rule Book of PSX.
🎯 Investment Thesis
Based solely on the AGM resolutions, a HOLD recommendation is appropriate. The resolutions themselves don’t provide enough information to make a compelling buy or sell case. Monitoring future financial releases will be necessary to make a more informed decision.
Disclaimer: AI-generated analysis. Not financial advice.