Karachi, Landmark Spinning Industries Limited held its 130th Board of Directors meeting on Monday, October 3, 2023, to discuss and approve the annual financial statements for the fiscal year ending June 30, 2023. The meeting concluded with several significant decisions.

During the meeting, the Board of Directors approved the financial statements for the year ended June 30, 2023, but did not recommend any dividend for the shareholders for the same period. Additionally, there were no recommendations for bonus shares or right issues.

Furthermore, the auditors of the company, M/s. Parker Russel A.J.S Chartered Accountants, are set to retire at the conclusion of the Annual General Meeting. The Board, following the recommendation of the Audit Committee, has proposed the appointment of M/s. Parker Russel A.J.S., Chartered Accountants.

In terms of financial performance, the company reported its results for the fiscal year ending June 30, 2023, as compared to the previous year. Specific financial details were not provided in the announcement.

The Annual General Meeting of Landmark Spinning Industries Limited is scheduled to take place on Thursday, October 26, 2023, in Karachi. Shareholders are encouraged to mark their calendars for this important event.

Additionally, the Share Transfer books of the company will be closed from October 19, 2023, to October 26, 2023, both days inclusive. Any transfers received at the company's registrar office, M/S. FD Registrar Services SMC (Pvt) Ltd, located at 1705 Karachi, before the close of business on October 18, 2023, will be considered timely for the purpose of the above entitlement to the transferees.

To keep shareholders informed, the company also announced that the Annual Report will be transmitted through PUCARS at least 21 days before the Annual General Meeting, providing ample time for shareholders to review the information.

These developments mark significant milestones for Landmark Spinning Industries Limited as it continues to navigate its financial strategies and serve the interests of its shareholders.