Arif Habib Corp
24thOctober 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road
Karachi
Subject: Certified Copy of Resolutions passed in Annual General Meeting heldon 24" October 2025
Dear Sir
With reference to subject cited above, the shareholders of Arif Habib Corporation Limited in their Thirty First Annual General Meeting held today, i.e. on Friday, 24thOctober 2025 at 11:30 a.m. at Stock Exchange Building, Karachi have adopted annual audited financial statements of the Company together with the Directors' and the Auditors' Reports thereon for the year ended 30'hJune 2025 together with the Audited Consolidated Financial Statements of the Company, together with resolutions with respect to special businesses for related party transactions and investment in associates.
The resolutions for the aforementioned matters including resolutions regarding approval of other agenda items have been passed by the shareholders present in person or as proxies or through e-voting / postal ballot who were entitled to vote thereat. Certified true copy of resolutions passed during the Annual General Meeting is enclosed as Annexure-l in compliance with the PSX Regulations.
Further, minutes of the Annual General Meeting will be submitted to the Exchange within the stipulated time.
Yours faithfully
''
Company Secretar
CC:
The Registrar of Companies Securities and Exchange Commission of Pakistan Company Registration Office Dawood Centre, Ground Floor, M. T. Khan Road, Civil Lines, Karachi | Executive Director/HOD Offsite-11 Department, Supervision Division, Securities & Exchange Commission ofPakistan, 63, NIC Building, Jinnah Avenue, Blue Area, Islamabad |
Arif Habib Corporation Limited
Registered & Corporate Office: ArifHabib Centre, 23, M.T. Khan Road, Karachi - 74000 Phone: +92 21 32460717-9 | Fax: *92 21 32468117, 32429653
Email: info@arifhabibcorp.com | Web: https://www.arifhabibcorp.com
Continuation Sheet
ANNEXURE - I
2$B Arif Habib Corp
Certilie I True Copies of Resolutions p isse‹l Juring the Thirty First Annu if Generiil Meeting o( Ari{H‹ibib Corporiition Limited field on 24"' October 2025 at K irocliiResolve‹l tluit:
The minrites of the Extra-Ordinary General Meeting held on 22" September 2025 be and are hereby approved and the Chairman be and is hereby authori ed to sign the minutes as token of confirmation.
Resolved th‹it.-
The annual audited financial statements of the Company together with the Directors' and the Auditors Reports thereon for the year ended 30"' June 2025 together with the Audited Consolidated Financial Statements of the Company and the Aiiditors Reports thereon for the year ended 30'hJune 2025 be and hereby approved and adopted.
Resolved tluit:
M/s. A. F. Ferguson & Co., Chartered Accountants be and are hereby approved to be reappointed as external auditors for the year ending 30' June 2026 as recommended by the Board ofDirectors.
Further resolved tluit:
The Board of Directors of the Company be and is hereby authorized to fix the remuneration of external auditors for the year ending 30"' June 2026.
ResolveJ tlmt:
Final Cash Dividend for the year ended 30"' June 2025 at 100% of the face value of Re.1/- per share i.e. Re.1 per share, as recommended by the Board of Directors, be and is hereby approved..
Special Business
The following special resolutions were passed in connection with transactions with related parties :
Resolve I tluit:
The transactions / arrangements / agreements / balances with related parties as disclosed in the auditedfinancial statements for the year ended 30" June 2025 be and are hereby approved.
Further resolved tluit:
The Board of Directors of the Company be and is hereby authori ed to approve the transactions to be conducted with Related Parties for thefinancial year ending 30" June 2026 or upto the next annual general meeting.
Further resolveil tluit:
The transactions approved by the Board shall be deemed to have been approved by the shareholders u/s 207 and / or 208 of the Companies Act, 2017 (if triggered) and shall be placed before the shareholders in the next annual general meeting for their formal ratification / approval u/s 207 and/ or 208 of the Companies Act, 2017 (if required).
Continuation Sheet
ANNEXURE - I
Certi_fied True Copies opResolutions p issed Purine I/ie Thirty First Annuiil Generiil Meeting of Ari{Hiibib Corpor‹itiortLimite I field on 24"' October 2025 tit K ir iclii
The following special resolutions were passed to approve Investment in Associated Companies & Associated Undertakings
Resolved tluit:
The consent and approval be and is hereby accorded tender Section 199 of the Companies Act, 2017 and the Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017, for.
fresh limit of additional investment amounting to Rs.1, 000 Million be allocated for the REIT Schemes under management of Arif Habib Dolmen REIT Management Ltd. (associated company), subject to the terms and conditions as mentioned in Annexure-B of Statement under Section 134(3), to be utilised in any form / nature of investment including equity, loans, advances, running finance, guarantee, indemnity, pledge of shares etc., valid for a period upto next annual general meeting, which shall be renewable thereon for further period(s) as spitified.
- renewal of following unutilised limits of equity investment, and sanctioned limits of loans / advances / guarantees etc. in associated companies and associated undertakings, for which approval has been sought in previous general meeting(s), as mentioned in detail in the Annexure-C of statement under Section 134(3), for a period upto next annual general meeting, unless specifically approvedfor a longer period, and shall be renewable thereon for further period(s) as specified.
Name of Associated Companies & Undertakings | ------------ Amount in million ---- | |||
Renewal Approved | ||||
Unutilized Equity Portion | Sanctioned Loan/ Advance/ Guarantee etc. | |||
PKR | PKR/ USD | |||
1 | Javedan Corporation Ltd. | 2,059 | PKR 3,132 | |
2 | Arif Habib Ltd. | 500 | PKR6,500 | |
3 | Fatima Fertilizer Company Ltd. | 2,800 | PKR 2,000 | |
4 | Rotocast Engineering Co. (Pvt.) Ltd. | 300 | PKR 500 | |
5 | Arif Habib Dolmen REIT Management Ltd. | 1,000 | PKR 500 | |
6 | Aisha Steel Mills Ltd. | 3,706 | PKR 8,039 plus USD 80 | |
7 | Power Cement Ltd. | 3,697 | PKR 1,500 plus USD 49 | |
8 | Sachal Energy Development (Pvt.) Ltd. | 754 | PKR 1,000 plus USD 100 | |
9 | Safe Mix Concrete Ltd. | 200 | PKR 250 | |
10 | REIT Schemes under management of Arif Habib Dolmen REIT Management Ltd. | * 10,568 | ||
Continuation Sheet
ANNEXURE - I
zf$$$ Arif Habib Corp
Certifieit True Copies of Resolutions fussed Purine the Thirty First Annunl Crener if Meeting op Ari_fHnbib Corporntion LimiteJ field on 24"' October 2025 tit KiiriichiFurther resolve I tls it:
The consent and approval be and is hereby accorded under Section 199 of the Companies Act, 2017 and the Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017 that.
unutilized investment limit of Rs.10,568 Million for the REIT Schemes under management of Arif Habib Dolmen REIT Management Ltd. (associated company), be hereby approved to be continue to be utilized in any form / nature of investment including equity, loans, advances, runningfinance, guarantee, indemnity, pledge ofshares etc.
Further resolved that:
The ChiefExecutive and/or any two directors jointly and/or any one director and ChiefFinancial Officer / Company Secretary jointly, be and are hereby authorized to take and do, and/or cause to be taken or done, any/all necessary actions, deeds and things which are or may be necessary for giving effect to the aforesaid resolutions and to do all acts, matters, deeds, and things which are necessary, incidental and/or consequential to the investment of the Company 's funds as above, as and when required at the time of investment, including but not limited to negotiating and executing any necessary agreements/documents, and any ancillary matters thereto.
Certified True Copy
Manzoor Raza
Company Secretary
Karachi : 24t' October 2025