Karachi: Pak Leather Crafts Limited has announced that its 38th Annual General Meeting (AGM) will take place on October 28, 2025, at 6:00 PM. The meeting is scheduled to be held at Plot No. 9, Sector 59, Malir Development Authority, Taiser Town, Karachi.
The company has outlined a comprehensive agenda for the AGM, which includes the confirmation of the minutes from the previous meeting held on October 28, 2024, and the adoption of the audited financial statements for the fiscal year ending June 30, 2025. These documents will be reviewed alongside the Chairperson’s Review, Directors’ Report, and Auditors’ Report.
In a move to enhance transparency and accessibility, the financial statements are available online as per Section 223 of the Companies Act, 2017, and S.R.O. 389(1)/2023. Additionally, the AGM will address the appointment of auditors and the determination of their remuneration for the year ending June 30, 2026.
A key item on the agenda is the election of seven directors for a three-year term, as stipulated by Section 159 (1) of the Companies Act, 2017. The retiring directors, who are eligible for re-election, include Mrs. Rubina Saleem, Mr. M. Saleem Ahmed, Mr. Qaiser Jamal, Mr. Nayyer Ahmed, Mr. Azeem Ahmed, Mr. Umer Ahmed, and Mr. Ahmed Jalali.
The company has also made provisions for shareholders to participate in the AGM via video conferencing. Interested parties are required to register their details, including Name, Folio Number, Cell Number, CNIC, or Passport number, by emailing [email protected] at least 48 hours before the meeting.
According to information available from the Pakistan Stock Exchange (PSX), Pak Leather Crafts Limited continues to engage with its shareholders to ensure effective participation and compliance with regulatory requirements. Shareholders whose shares are registered with the Central Depository System (CDS) must bring their original CNIC, CDS account number, and participant’s ID for verification purposes.
As part of efforts to modernize shareholder engagement, the company encourages members to convert their physical shares into book-entry form, in line with Section 72 of the Companies Act, 2017. The Securities & Exchange Commission of Pakistan has advised listed companies to facilitate this transition.
Furthermore, shareholders who have not yet claimed their dividends or collected physical shares are urged to contact the company’s Share Registrar. Unclaimed dividends exceeding three years will be transferred to the Federal Government, while unclaimed shares will be delivered to the Securities & Exchange Commission of Pakistan.
The meeting will also cover the election of directors and selection of independent directors, with relevant documentation required at the company’s registered office by October 14, 2025. The voting process will be conducted separately for each category, and members intending to use E-voting must provide their cell numbers and email addresses by October 19, 2023.