IGI Life Announces Approval of Audited Accounts and Appointment of New Auditors at 29th Annual General Meeting

Karachi, IGI Life has successfully conducted its 29th Annual General Meeting (AGM) on April 29, 2024, at The Institute of Chartered Accountants Pakistan in Karachi with provisions for participation through a video link facility. The meeting led to the unanimous approval of several critical resolutions affecting the company’s governance and financial management.

During the AGM, the minutes of the last Extraordinary General Meeting, which was held on May 23, 2023, were approved unanimously by the shareholders. Another key resolution passed involved the approval and adoption of the Audited Accounts for the fiscal year that ended on December 31, 2023, alongside the Auditor’s and Directors’ Reports.

Furthermore, the shareholders appointed M/s A. F. Ferguson & Co, a firm of Chartered Accountants, as the company’s auditors for the year 2024. They will hold office until the conclusion of the next AGM, with their remuneration to be mutually agreed upon with the company’s management.

IGI Life has complied with Rule No. 5.6.9(b) of the PSX Rule Book by submitting a certified true copy of the resolutions passed at this meeting to the Pakistan Stock Exchange, ensuring transparency and regulatory compliance.