SUBJECT: EXTRACT RESOLUTIONS PASSED BY THE SHAREHOLDERS IN ANNUAL GENERAL MEETING HELD ON 28TH OCTOBER, 2025.
Dear sir,
As required under rule 5.6.9(b) of the Pakistan Stock Exchange Rules, the following resolutions were passed by the shareholders in Annual General Meeting held on 28t^October, 2025 and the same have been adopted and become effective.
Resolved that the audited Accounts of the Company for the year ended 30t' June, 2025 together with Auditors and Directors reports thereon be and hereby adopted and approved.
Resolved that Mls. BDO Ebrahim & Company, Chartered Accountants be and hereby re-appointed for the next year and that Chief Executive Officer is hereby authorised to negotiate and fix auditor's remuneration.
SPECIAL BUSINESS
To ratify and approve transactions conducted with related parties for the year ended June 30, 2025 by passing the following resolution in respect of related party transactions in which the majority of Directors of the Company are interested in terms of Section 207& 208 of the Companies Act, 2017.
" Resolved that the transactions conducted with related parties as disclosed in the note of the financial statement for the year ended June 30, 2025 and specified in the Statement of Material Information under section 134(3) be and are hereby ratified, approved and confirmed."
To authorize the Board of Directors of the Company to approve transactions with related parties for the financial years ending June 30, 2026 by passing the following special resolution with or without modification.
"Resolved that the Board of Directors of the Company be and is hereby authorized to approve the transactions to be conducted with related parties on case to case basis for the financial year ending June 30, 2026."
"Further Resolved that these transactions by the Board shall be deemed to have been approved by the shareholders and shall be placed before the shareholders in the next Annual General Meeting for their formal ratification/approval."
To approve the circulation of the Annual Report (including the audited financial statements, auditor's report, Directors' report, Chairman's review report) to the Members of the Company through QR enabled code and Weblink, in accordance with Section 223(6) of the Companies Act, 2017 read with S.R.O. 389(I)/2023 dated March 21, 2023.
"Resolved that Crescent Fibres Limited (the °Company") be and is hereby authorized to circulate its annual report including annual audited financial statements, auditor's report, Directors' report, Chairman's review report and other reports contained therein to the Members of the Company through QR enabled code and Weblink."
Crescent Fibres Limited
104 Shadman 1, Lahore 54000, Pakistan
t. +92 (42) 35960871-4 Lines
f. +92 (42) 35960004
e. Io@crescentfibres.com https://www.crescentfibres.com