Karachi: UDL International Limited announced the 3rd Annual General Meeting (AGM) to be held on October 28, 2024, at the NBFI and Modaraba Association of Pakistan, located in Karachi. The meeting will address several key points including the approval of the latest financial statements and the reappointment of the company’s auditors.

The AGM will begin with the confirmation of the minutes from the last Extraordinary General Meeting, which took place on January 17, 2024. The main agenda will focus on reviewing and approving the unconsolidated and consolidated audited financial statements for the fiscal year ending June 30, 2024. These documents will be presented along with the Directors' and Auditors' reports.

Another significant item on the agenda is the reappointment of the company’s auditors. Grant Thornton Anjum Rehman, Chartered Accountants, will retire at the end of their current term but are eligible and have offered themselves for reappointment for the 2024-2025 fiscal year. The AGM will also include a proposal to fix the remuneration for the auditors.

In a move to modernize the dissemination of financial information, the meeting will seek member approval to circulate the annual audited financial statements through a QR enabled Code and weblink. This initiative follows the requirements set by the Securities and Exchange Commission of Pakistan (SECP) as outlined in the SRO 389(I)2023 issued on March 21, 2023.

The meeting will conclude with the opportunity to address any other business as permitted by the Chair.

According to information available from the Pakistan Stock Exchange (PSX), this gathering is critical for shareholders to assess the company’s financial health and strategic direction.