AtlasInsurance
SC/213/2026
April 8, 2026
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
Subject: Noticefor Postal Ballotand Electronic Voting - Prior Publication
Dear Sir,
We refer to our Notice of Annual General Meeting posted at PUCARS on March 27, 2026, and published in newspapers on March 30, 2026.
Enclosed please find a copy of the Ballot Paper required under Regulation 8 of the Companies (Postal) Ballot Regulations 2018, which will be published in newspapers, 'Business Recorder' (English) and Nawa-e-Waqt (Urdu) on April 9, 2026.
The Ballot Paper is also available for download at Company's website www.ail.atIas,pk.
Further, the electronic voting facility will also be available to the eligible members of the Company in compliance with the above-mentioned Regulations.
You may please inform the TRE Certificate Holders of the Exchange. Thank you.
Yours Sincerely,
For Atlas Insurance Limited
I
Muhammad Afzal Company Secretary
Encl: As above.
c.c: Director/HOD
Surveillance, Supervision and Enforcement Department Securities & Exchange Commission of Pakistan (SECP) NIC Building, 63 Jinnah Avenue
Blue Area, Islamabad.
Atlas Insurance Ltd.
Rated 'AA' by PACRA
PROCEDURE FOR ELECTRONIC VOTING FACILITY AND VOTING THROUGH POSTAL BALLOT ON SPECIAL BUSINESS
This is in continuation of Notice of Annual General Meeting (AGM) of Atlas Insurance Limited (the Company) published on Monday, March 30, 2026.
The members are hereby notified that pursuant to the Companies (Postal Ballot) Regulations, 2018 (the Regulations) amended vide SRO 2192/(I)/2022 dated December 5, 2022, issued by the Securities and Exchange Commission of Pakistan (SECP), wherein, the SECP has directed all the listed companies to provide the right to vote through electronic voting facility and voting by post to the members on all businesses classified as special business.
Accordingly, the members of the Company can exercise their right to vote through electronic voting facility and voting by post on certain special business in the forthcoming AGM scheduled to be held on Monday, April 20, 2026 at 11:00 a.m. at the Registered Office of the Company situated at 63/A, Block-XX, Phase III (Commercial), Khyaban-e-Iqbal, DHA, Lahore, in accordance with the requirements and subject to the conditions contained in the aforesaid Regulations.
For the convenience of the members, a ballot paper is annexed to this Notice and the same is also available on the Company's website
https://www.ail.atlas.pk for download.
By Order of the Board
Lahore: April 09, 2026 Muhammad Afzal
Company Secretary
Procedure for E - Voting:
Details of the e-voting facility will be shared through an e-mail in due course with those members who have their valid CNIC, cell numbers, and e-mail addresses available in the register of members of the Company.
The web address, login details, will be communicated to the members via email. The security codes will be communicated to the members through SMS from web portal of CDC Share Registrar Services Limited (the e-voting service provider appointed by the Company).
Identity of the members intending to cast vote through e-Voting shall be authenticated through electronic signature or authentication for login.
E-voting lines will start from April 16, 2026, at 09:00 a.m. and shall close on April 19, 2026, at 05:00 p.m. The members can cast their votes any time in this period. Once the vote on a resolution is cast by a member, he / she is not allowed to change it subsequently.
Procedure for Voting Through Postal Ballot:
The members shall ensure that duly filled and signed ballot paper along with copy of CNIC should reach to the Chairman of the meeting through post on the Company's registered address, or email at chairman@ail.atlas.pk by April 19, 2026. The signature on the ballot paper shall match with the signature on CNIC.
18.3 cm (5 columns) x 14 cm height 03-April, 2026
2026 30
2026 20
2026 09
2026 19 2026 16
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18.3 cm (5 columns) x 13 cm height 03-April, 2026
BALLOT PAPER
For voting through post for the Special Business at the Annual General Meeting to be held on Monday, April 20, 2026, at 11:00 a.m. at 63/A, Block-XX, Phase III (Commercial), Khyaban-e-Iqbal, DHA, Lahore.
Website: https://www.ail.atlas.pk
Folio / CDS Account Number | |
Name of Shareholder / Proxy Holder | |
Registered Address | |
Number of shares held | |
CNIC / Passport No. (in case of foreigner) (copy to be attached) | |
Additional information and enclosures (in case of representative of body corporate, corporation, or Federal Government) | |
Name of Authorized Signatory | |
CNIC / Passport No. (in case of foreigner) of Authorized Signatory (copy to be attached) | |
Special Business
To consider and, if thought fit, pass with or without modification, the following resolutions as special resolutions:
Resolved:
"that the authorized capital of the Company be and is hereby increased from Rs. 1,500,000,000 (Rupees fifteen hundred million only) to Rs. 3,000,000,000 (Rupees three billion only) by creation of 150,000,000 (one hundred and fifty million) new ordinary shares of Rs.10 each."
Further Resolved:
"that the Memorandum and Articles of Association of the Company be and are hereby altered by substituting the figures and words of Rs. 1,500,000,000 (Rupees fifteen hundred million only) divided into 150,000,000 (one hundred and fifty million) ordinary shares of Rs.10 each appearing in clause V of the Memorandum and clause 4 of the Articles of Association with the words and figures of Rs. 3,000,000,000 (Rupees three billion only) divided into 300,000,000 (three hundred million) ordinary shares of Rs.10 each."
Further Resolved:
"that the ordinary shares when issued shall carry equal voting rights and rank pari passu with the existing ordinary shares of the Company in all respect / matters in conformity with the provisions of the Companies Act, 2017."
Further Resolved:
"that the Chief Executive Officer and Company Secretary be and are hereby authorized, singly to do all acts, deeds and things, take any or all necessary actions to complete all legal formalities and to file requisite documents with the Registrar to effectuate and implement the aforesaid resolutions."
To consider and approve related party transactions for the financial year ended December 31, 2025, and the ensuing financial year ending December 31, 2026. To give effect to the aforesaid, if thought fit, to pass with or without modification, the following resolutions as special resolutions:
Resolved:
"that the transactions carried out by the Company in the normal course of business with Atlas Foundation and Atlas Asset Management Limited (AAML), related parties, during the year 2025 be and are hereby ratified, approved and confirmed."
Further Resolved:
"that the Board of Directors be and is hereby authorized to approve all the transactions carried out in the normal course of business with Atlas Foundation and AAML during the ensuing year ending December 31, 2026."
Instructions For Poll
1. Please indicate your vote by ticking ( ) the relevant box. |
2. In case if both the boxes are marked as ( ), your poll shall be treated as "Rejected". |
I / we hereby exercise my / our vote in respect of the above resolutions through ballot by conveying my / our assent or dissent to the resolutions by placing tick ( ) mark in the appropriate box below: |
Resolution | I / We assent to the Resolution (FOR) | I / We dissent to the Resolution (AGAINST) |
Agenda Item 5: as stated above | ||
Agenda Item 6: as stated above |
NOTES:
Dully filled ballot paper should be sent to the Chairman of Atlas Insurance Limited at 63/A, Block-XX, Phase III (Commercial), Khyaban-e-Iqbal, DHA, Lahore or e-mailed at chairman@ail.atlas.pk
Copy of CNIC / Passport (in case of foreigner) should be enclosed with the postal ballot form.
Ballot paper should reach the Chairman within business hours on or before April 19, 2026. Any postal Ballot received after this date will not be considered for voting.
Signature on ballot paper should match with signature on CNIC / Passport (in case of foreigner).
Incomplete, unsigned, incorrect, defaced, torn, mutilated, overwritten poll paper will be rejected.
In case of a representative of a body corporate, corporation or Federal Government, the Ballot Paper Form must be accompanied by a copy of the CNIC of an authorized person, an attested copy of Board Resolution / Power of Attorney / Authorization Letter etc., in accordance with Section(s) 138 or 139 of the Companies Act, 2017 as applicable. In the case of foreign body corporate etc., all documents must be attested by the Counsel General of Pakistan having jurisdiction over the member.
Ballot Paper form has also been placed on the website of the Company at: https://www.ail.atlas.pk, members may download the ballot paper from the website or use an original / photocopy published in newspapers.
Date:
Shareholder / Proxy holder Signature / Authorized Signatory
(In case of corporate entity, please affix company stamp)
28 cm x 5 col. 03-April-2026
(FINAL)2026 20
https://www.ail.atlas.pk
2026 19
27 cm x 5 col. 03-April-2026 (FINAL)