Karachi: Leather Up Limited convened its Annual General Meeting (AGM) on October 28, 2023, where shareholders gathered to vote on and pass crucial resolutions integral to the company's governance and financial oversight for the upcoming year.

In the first resolution of ordinary business, the shareholders of Leather Up Limited gave their approval to the minutes of the previous Annual General Meeting, which was held on October 28, 2022. The approval of these minutes officially records and validates the proceedings and decisions made during that meeting.

Following the approval of the previous meeting's minutes, the shareholders turned their focus to the company's financial performance. They resolved to approve the Audited Statements of Accounts for the fiscal year ended June 30, 2023, along with the Directors' and Auditors' reports thereon. This approval is a vital aspect of the company's annual financial review, ensuring transparency and accountability in its financial reporting.

In the final resolution of the meeting, the shareholders decided on the appointment of the company's auditors for the upcoming fiscal year. They resolved to appoint M S Hassan Naeem and Co, Chartered Accountants, as the auditors for Leather Up Limited for the year ending June 30, 2024. This appointment underscores the importance of having a reliable and capable audit firm to ensure financial accuracy and compliance.

Accompanying this news release, a certified copy of the resolution passed at the Annual General Meeting is provided, complying with clause 5.6.9 (b) of the rule book of Pakistan Stock Exchange. This document serves as an official record of the resolutions passed, further emphasizing the company’s commitment to transparency and good governance practices.

In summary, the Annual General Meeting of Leather Up Limited saw the successful passage of key resolutions, setting a solid governance foundation for the company in the year ahead.