Karachi: UDL International Limited announced its third Annual General Meeting (AGM) to be held on October 28, 2024. The meeting, set in Karachi, aims to address several key items, including the approval of financial statements and the reappointment of auditors for the upcoming fiscal year.

The AGM will commence with the confirmation of the minutes from the last Extraordinary General Meeting, which took place on January 17, 2024. This initial discussion sets the stage for a review of the company's annual operations and compliance with established procedural norms.

Following the procedural start, the shareholders will examine the unconsolidated and consolidated audited financial statements for the fiscal year ending June 30, 2024. These documents, accompanied by the Directors' Report and Auditors' report, outline the company’s financial health and operational achievements over the past year. According to information available from the Pakistan Stock Exchange (PSX), UDL International has navigated the fiscal year with strategic initiatives that are expected to be discussed in detail during the meeting.

Another critical agenda item is the appointment of the company’s auditors for the fiscal year 2024-2025. The current auditors, Grant Thornton Anjum Rehman, Chartered Accountants, are stepping down following their term but have offered themselves for re-election. The shareholders will not only vote on their reappointment but also decide on their remuneration, which is pivotal for maintaining the company's financial oversight.

The AGM serves as a platform for shareholders to engage directly with the company’s leadership and influence its strategic direction. It ensures transparency and accountability in the management’s handling of company affairs, reflecting a governance structure responsive to shareholder interests.