⚡ Flash Summary

Shams Textile Mills Limited (STML) held its Annual General Meeting on October 27, 2025, where key resolutions were passed. The company approved the annual audited financial statements for the year ended June 30, 2025, along with the Chairman’s Review Report, Directors’ Reports, and Auditors’ reports. Furthermore, Riaz Ahmad & Company, Chartered Accountants, were re-appointed as external auditors for the financial year ending June 30, 2026. The auditors’ remuneration will be determined as recommended and approved by the Board of Directors, ensuring continued independent oversight.

📌 Key Takeaways

• ✅ AGM held on October 27, 2025.
• 📜 Approved annual audited financial statements for the year ended June 30, 2025.
• 💼 Included Chairman Review Report, Directors’ Reports, and Auditors’ Reports.
• 👨‍💼 Riaz Ahmad & Company re-appointed as external auditors for FY ending June 30, 2026.
• 🤝 Auditors’ remuneration to be determined by the Board of Directors.
• 🗓️ Auditors to hold office until the next AGM.
• 👍 Resolutions passed and adopted by the members.
• 📑 Compliance with Regulation No.5.6.9 (b) of the Pakistan Stock Exchange Limited.
• 🏢 Meeting held at 11:30 am on Monday, October 27, 2025.
• 📍 Company Secretary: Muhammad Haroon Arif.
• 🏢 Registered office: Lahore, Pakistan.

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. The document confirms that Shams Textile Mills Limited is adhering to corporate governance standards by approving financial statements and appointing auditors. However, there is no new financial information to drive a BUY or SELL decision. Further analysis would require a review of the approved financial statements and a broader market and industry assessment. Without additional data, it’s not possible to assign a price target or specific time horizon.