UDL Modaraba Management Private : Notice of Annual Review Meeting
October 04, 2023 at 04:44 am EDT
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Notice of Annual Review Meeting
Notice is hereby given to the certificate holders of the First UDL Modaraba that the 23rd Annual Review Meeting of the certificate holders will be held at NBFI & Modaraba Association of Pakistan, office # 602, Progressive Centre, 30-A,Block-6 PECHS, Shahrah-e-Faisal, Karachi on Wednesday October 25, 2023 at 10:00 a.m. to transact the following business:
Ordinary Business
To confirm the minutes of last extra ordinary general meeting held on July 14, 2023.
To receive, consider and adopt the audited financial statements for the year ended June 30, 2023 together with the Chairman, Director, Shariah advisor and independent Auditors reports thereon.
To inform the certificate-holders regarding appointment of auditors and to fix their remuneration for the year ending June 30, 2024. The present Auditors M/s Grant Thornton Anjum Rehman & Co. Chartered Accountants retire and being eligible, offer themselves for re-appointment. Upon recommendation from the Audit Committee M/s Grant Thornton Anjum Rehman & Co. Chartered Accountants have been appointed as auditors. (subject to Approval by the Registrar Modaraba)
Any other business with the permission of the chair.
Transfer of Book Closure:
The certificate holders whose names appear on the register of certificate holders of FUDLM on the close of business as on October 18, 2023 would be eligible to attend the Annual Review Meeting.
The Certificate holders of First UDL Modaraba are notified that the annual financial statements for the year ended June 30, 2023 have been uploaded at company's website http://www.udl.com.pk
-Sd-
Karachi
By Order of the Board
October 04, 2023
Syed Aamir Hussain
Company Secretary
ANNUAL REPORT 2023
57
58 ANNUAL REPORT 2023
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First UDL Modaraba published this content on 04 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2023 08:43:12 UTC.
First UDL Modaraba is a Pakistan-based perpetual, multipurpose and multidimensional Modaraba. The Company is engaged in providing finance under murabaha and musharakah arrangements, Ijarah, commodity trading and trading in listed and non-interest-bearing securities. Its financial products include Ijarah - Leasing, Musharika - Partnership Financing and Morabaha - Cost Plus Financing. Its Ijarah - Leasing is engaged in the leasing of vehicles, computers, machinery and equipment to companies and individuals. The Company also facilitates sale and lease back provided that their customers meet its credit standards. It offers various types of Musharika financing. The Company offers Diminishing Musharika by customize to suit its individual customer needs. Its Morabaha - Cost Plus Financing is a type of deferred sale between the Company and its customer for the sale of goods at spot at a price, which includes a profit margin agreed by both parties to be paid at some future date.
UDL MODARABA MANAGEMENT (PRIVATE) LIMITED 
