⚡ Flash Summary

Leather Up Limited will hold its 34th Annual General Meeting on October 28, 2025, to confirm minutes from the previous meeting, adopt audited financial statements for the year ended June 30, 2025, and appoint auditors for the year ending June 30, 2026. Shareholders can access the financial statements through a web link and QR code provided in the notice. The share transfer books will be closed from October 21 to October 28, 2025. The meeting will also address any other business with the Chair’s permission.

📌 Key Takeaways

• 🗓️ AGM scheduled for October 28, 2025, at 10:00 AM in Karachi.
• ✔️ To confirm minutes of the previous AGM held on October 28, 2024.
• ✅ Adoption of audited financial statements for the year ended June 30, 2025.
• 👨‍💼 Appointment of auditors for the year ending June 30, 2026; M/s. UHY Hassan Naeem & Co. are eligible for reappointment.
• 🌐 Financial statements accessible via web link: https://leatherupltd.com/financials-annual/.
• 🚫 No gifts will be distributed during the AGM, complying with SECP’s notification S.R.O. 452(I)/2025.
• 🗳️ Shareholders can vote through postal ballot, with details on the company’s website.
• 🏦 Share transfer books closed from October 21 to October 28, 2025.
• 🏢 Transfers received by October 20, 2025, will be considered for meeting attendance.
• 🆔 Shareholders must bring original CNIC or Passport for identification.
• 🏢 Corporate members’ representatives need Board Resolution/Power of Attorney.
• 💻 Video link facility available for participation; registration required by October 20, 2025.
• 📧 Email registration details at accounts@leatherupltd.com.
• ℹ️ Physical shareholders must provide CNIC, address, email, contact number, and IBAN to the Share Registrar.
• 📚 Physical shares to be replaced with book-entry form as per Companies Act, 2017.

🎯 Investment Thesis

Based solely on the AGM notice, a neutral stance (HOLD) is appropriate. The notice contains no information that would significantly alter an investment recommendation. Any investment decision should be based on the actual audited financial statements and a thorough analysis of the company’s performance.