Notice of 50th Annual General Meeting

Notice is hereby given that the 50TH  annual general meeting of Ali Asghar Textile Mills Limited will be held at Plot No. 6 Sector No. 25, Korangi, Karachi on October 29TH  2016 at 6:30 pm  sharp to transact the following business:

ORDINARY BUSINESS

• For consideration of the audited annual financial statements and the reports of the directors and auditors.               
• Appointment and fixation of remuneration of auditors.
• To confirm  the minutes of the forty nine annual general meetings.
• To pass the following resolution with our without modification 

SPECIAL BUSINESS

To consider and approve the business plan for revival of the Company and pass the following ordinary resolution. with our without modification:

Resolved That the two business plans for revival of the textile business and for development of existing land and constructed area into a logistics hub catering to logistics-storage needs of fmcg-multinational as detailed in the statement of material facts under Section 160 (1) (b) of the Companies Ordinance, 1984 be and are hereby approved and the Chief Executive of the Company is hereby authorized to implement and do all acts, deeds and things and to actively negotiate with supplier financial institutions/machinery agents for their support for the implementation of the business plans.

A statement of material facts under section 160 (1) (b) of the companies ordinance 1984 regarding the special business to be transacted at the AGM  is attached to this notice for onward submission to the shareholders. 

      

Notes:   Closure of share transfer books:

Share Transfer Books will remain closed and no transfer of shares will be accepted for registration from October 20th  to October 29th  (both days inclusive).

Participation in the annual general meeting:

A member entitled to attend and vote at this meeting is entitled to appoint another member/any other person as his/her proxy to attend and vote.

Duly completed instrument of proxy, and the other authority under which it is signed, thereof, must be lodged with the secretary of the company at the company's registered office at least 48 hours before the time of the meeting.

 Necessary Provision of email and physical mailing address and other material information:

As per SRO 787(I)/2014 of SECP, each TRE Holder/Shareholder who desire to receive soft copy of accounts is requested to update his/her email address with the share registrar and opt for the soft copy of financial results of The Company, so all the results and material information could be transferred in more quicker and better way and any change of address of TRE Certificate holder should be immediately notified to the company's share registrars, C&K Management Associates (PVT) Limited, Address: 404- Trade Tower, Abdullah Haroon Road Near, Metropole Hotel, Karachi-75530, Phone: 35687839, 3568593

The CDC account holders will further have to follow the under-mentioned guidelines as laid down by the Securities and Exchange Commission of Pakistan:

A.  For attending the meeting:

i) In case of individuals, the account holder or sub-account holder and/or the person whose securities are in group account and their registration details are uploaded as per the Regulations, shall authenticate his identity by showing his original computerized national identity card (CNIC) or original passport at the time of attending the meeting.

ii) In case of corporate entity, the Board of Directors' resolution/power of attorney with specimen signature of the nominee shall be produced at the time of the meeting.

B.  For appointing proxies:

i) In case of individuals, the account holder or sub-account holder and/or the person whose securities are in group account and their registration details are uploaded as per the Regulations, shall submit the proxy form accordingly.

ii) The proxy form shall be witnessed by two persons whose names, addresses and CNIC numbers shall be mentioned on the form.

iii) Attested copies of CNIC or the passport

iv) The proxy shall produce his/her original CNIC or original passport at the time of meeting.

v) In case of corporate entity, the Board of Directors' resolution/power of attorney with specimen signature shall be submitted along with proxy form to the company.

Accounts of the company  and other material information should be provided on the website www.aatml.com.pk