Telephones: 32417812-16
: 32401139-43
FAXES : 32427560-32417907
Adam Sugar Mills Ltd.
Ref: ADAMSM-HO/G-5/032
Dated: January 31, 2026
HEAD OFFICE
HAJI ADAM CHAMBERS, PO. BOX 4274,
ALTAF HUSSAIN ROAD, NEW CHALLI,
KARACHI-PAKISTAN NTN: 0709384-5
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building, Stock Exchange Road
I.I chundrigar Road, KARACHI.
Subject: RESOLUTIONS PASSED IN THE 60THANNUAL GENERAL MEETING
(AGM) FOR THE YEAE ENDED SEPTEMBER 30, 2025
Dear Sir,
We are enclosing herewith the resolutions approved by the shareholders in the 60*hAnnual General Meeting held on Tuesday, January 27, 2026 at 11 :00 a.m at Art Council of Pakistan, Karachi.
Thanking you Very truly yours
For: Adam Sugar Mills Limited.
Corporate Affairs Departmen I
Telephones: 32417812-16 HEAD OFFICE
FAXES
: 32401139-43
: 32427560-32417907
HAJI ADAM CHAMBERS,
P.O. BOX 4274,
ALTAF I-IUSSAIN ROAD,
Adam Sugar Mills Ltd.
NEW CHALLI, KARACHI-PAKISTAN NTN: 0709384-5
Following Resolutions were adopted/passed in the Annual General Meeting held on January 27, 2026.
"RESOLVED thot the minutes of the 59" Annua/ General Meeting held on 28" January, 2026 be and are hereby confirmed."
"RESOLVED that the Directors' Report and the Audited Accounts of the Company for the year ended 30 September, 2025 be and are hereby approved".
"RESOLVED thot payment of 40%//no/ c0sh dividend (PKR 4 per share) to shareholders be and is hereby approved".
"RESOLVED thot M/s. Rahman Sarfaraz Pahim Igbol Rafiq, Chartered Accountants, be and ore hereby reappointed as auditors of the Company for the year ended 30 September, 2025 at a remuneration to be fixed by the Chief Executive".
"RESOLVED that the following seven persons be and ore hereby elected as O/rectors of the Company for a period of three years.
Mr. Ghulam Ahmed Adam
Mr. u r aid G. A doin
Mt. Omor G. A d am
Mr. S oIeem P a rek h
S. Mr. la ra z Yo u n u s B a n du k d a
6 Mrs. Humera Oiwan
Z. Els. Sarah Adam
"FURTHER RESOL VED that Mr. Ghulam Ahmed Adam, be elected as Chief Executive of the Company for a period of thi ee years at the existing rem uneration."
"FURTHER RESOLVED that Mr.Junaid G. Adam be elected as Chairman of the Company for a period of three years."
"FURTHER RESOLVED that Composition of the Board of Directors will be asfollows: Non-Executive Directors
Mr. Junaid G. Adam (chairman)
Mrs. Humera 0/won
Executive Directors
Mr. Ghulam Ahmed Adam (Chief Executive)
Mr. Omar G. Adam
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Telephones: 32417812-16
HEAD OFFICE
FAXES
32401139-43
: 32427560-32417907
HAJI ADAM CHAMBERS,
P.O. BOX 4274,
ALTAF HUSSAIN ROAD,
Adam Sugar Mills Ltd.
NEW CHALLI, KARACHI-PAKISTAN NTN: 0709384-5
Independent Directors
Mr. Saleem Porekh
Mr. Faraz Younus Bandul‹da
Female Director
Ms. Sarah Adam
"RESOLVEO th0t re/ated party transactions as perfollowing table be ond ore hereby approved."
Name of Related Party | Nature of Transaction | Amount (PKR) |
Adam Lubricants Limited | Transactions during the year | |
Purchases made during the year | 7,647,770 | |
Payment made during the year | 8,167,642 | |
Loan received during the year | 2,932,815,970 | |
Loan repaid during the year | 3,018,042,965 | |
Balances at the year end | ||
Payable against purchase | 1,010,771 | |
Short Term Loan payable | 744,841,005 | |
Mr. Ghulam Ahmed Adam Chief Executive | Balances at the year end | |
Short Term Loan payable | 32,164,394 | |
Sub ordinated Loan payable | 24,959,713 | |
Chief Executive (Mr. Ghulam Ahmed Adam) Directors (Mr. Junaid G. Adam Mr. Omar G Adam) | Guarantees provided to banks against financing on behalf of the Company (Refer notes 16, 18.3.1, 18.4.1 and 18.5.1) | 4,251,360,000 |
Certified to be true copy:
I hereby certify that the above Resolution(s) were passed by the Shareholders of the Company and the same has been recorded in the record ot the Company in accordance with the Articles of Association of the Company.
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