Karachi, Members of the Otsuka Pakistan Limited gathered at the 35th Annual General Meeting (AGM) on October 2, 2023, in Karachi, where several key resolutions were passed, setting the stage for the fiscal year 2024.
Ordinary Business:
Agenda No. 1:
Audited Accounts for FY 2023 Approved
The first agenda item, which read “RESOLVED THAT the Audited Accounts of the Company for the year ended June 30, 2023, together with the Directors’ and Independent Auditors’ Reports thereon be and are hereby received, considered, adopted, and approved,” received unanimous approval from the members.
Agenda No. 2:
Yousuf Adil Chartered Accountants Appointed as Statutory Auditors
Members passed the resolution “RESOLVED THAT M/s. Yousuf Adil, Chartered Accountants be and are hereby appointed as statutory auditors of the Company as recommended by the Audit Committee and Board of Director and to hold office until the next Annual General Meeting at a total fee of Rs. 2,143,000/= for annual audit half-yearly review and review report on Code of Corporate Governance.”
Agenda No. 3:
Final Dividend of PKR 1.50 per Share Approved
The resolution “RESOLVED THAT the final cash dividend of PKR 1.50 per share (15%) as final distribution to be distributed for the year ended June 30, 2023, is hereby approved,” was also passed, bringing good news for shareholders.
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