announcements

⚡ Flash Summary

Hamid Textile Mills Limited has announced the upcoming election of directors at its 38th Annual General Meeting scheduled for October 25, 2025. Seven candidates have filed notices of their intention to contest the election. Since the number of contestants equals the number of director positions fixed by the board, all seven individuals will be deemed elected for the next three-year term. The notice regarding the election will be published in “The Nation” and “Nawaiwaqat” newspapers on October 18, 2025, and will also be available on the company’s website.

📌 Key Takeaways

• 🗳️ Election of Directors announced for Hamid Textile Mills Limited.
• 📅 38th Annual General Meeting set for October 25, 2025, at 12:00 pm in Lahore.
• 🏢 Registered office is the venue for the AGM: 142, Block D, Model Town Lahore.
• 📜 Election is conducted under Section 159(4) of the Companies Act, 2017.
• 👤 Seven candidates have submitted their consents to contest the election.
• ✅ Mrs. Khushbu Ammad is among the candidates.
• ✅ Mr. Khawar Almas Khawaja is also a candidate.
• ✅ Mrs. Nighat Khawar is vying for a director position.
• ✅ Mrs. Momina Khawar Ali is another contestant.
• ✅ Mr. Muhammad Alamgir is in the running.
• ✅ Mr. Tahir Ghafoor Khan is a candidate as well.
• ✅ Mr. Muhammad Mushtaq completes the list of seven candidates.
• 💼 All seven candidates will be deemed elected as the number of contestants matches the number of director positions.
• 📰 Notice will be published in “The Nation” and “Nawaiwaqat” on October 18, 2025.
• 🌐 The notice will also be uploaded on the Company’s website: www.hamid-textile.com.

🎯 Investment Thesis

HOLD. This announcement concerns the election of directors, a routine corporate governance matter. While board composition is important, there is no immediate information to significantly alter an investment thesis. A hold rating is appropriate pending further information regarding the company’s operational and financial performance. No specific price target is given.