Shahzad Textile Mills Limited’s notice of annual general meeting

Shahzad Textile Mills Limited’s notice of annual general meeting

Karachi: Notice is hereby given that the Thirty Third Annual General Meeting of the Shareholders of Shahzad Textile Mills Limited will be held at Company’s Registered Office, 19-A, Off. Zafar Mi Road, Gulberg-V, Lahore on Saturday, October 29, 2011 at 12:15 p.m. to transact the following business:

Ordinary Business:

1. To receive, consider and adopt the Audited Accounts of the Company for the year ended June 30, 2011 together with the Directors’ and Auditors’ Report thereon.

2. To approve and declare the payment of Final Cash Dividend @ 5.00% i.e. R.s.0.50 per share of Rs.10/- each as recommended by the Board of Directors.

3. To appoint auditors for the year ending June 30, 2012 and fix their remuneration. The present auditors M/s Horwath Hussain Chaudary and Co., Chartered Accountants, retire and offer themselves for re-appointment.

Special Business

4. To consider and if deemed fit, to pass the following resolution, with or without modification, addition or deletion, as a Special Resolution in term of Section 208 of the Companies Ordinance, 1984.

“RES.QLVBD that the Company b~ an4.is hereby authorized to make investment to the extent of Rs. 100.000 million (Rupees one hundred million only) as loans and advances to be adjustable/repayable within a period of one year to Sargodha Jute Mills Limited an associated company at the markup of 1% above the average cost of short term borrowing from banks which shall not be less than the borrowing cost of the Company.”

“RESOLVBD FURTHER that the Chief Executive of the Company be and is hereby authorized to take all necessary actions including signing of any documents for carrying out the purposes aforesaid and giving full effect to the above resolution.”

Notes:

1. The Share Transfer Books of the Company will remain closed from October 22, 2011 to October 29, 2011 (both days inclusive), Transfer received in order at Share Registrar Office of the Company, Hameed Majeed Associates (Pvt.) Limited, H.M, House, 7- Bank Square, Lahore by the close of business 21st October, 2011, will be treated in time for the entitlement of dividend to the transferees and to attend the meeting.

For more information, contact:
Shahzad Textile Mills Limited
19/A, Off Zafar Ali Road,
Gulberg V, Lahore (Pakistan)
Tel: 35754024
Fax: 042 35712313
Email: shaheen@brin.net.pk

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