CERTIFIED EXTRACTS OF THE RESOLUTION(S) ADOPTED WITH OR WITHOUT MODIOFICATION BY SHAREHOLDERS OF J. K. SPINNING MILLS LIMITED IN 38TH ANNUAL GENERAL MEETING HELD ON OCTOBER 28, 2024 (MONDAY) AT 11:00 A.M At THE HEAD OFFICE OF THE COMPANY, 29 K.M, SHEIKHUPURA ROAD, KHURRIANWALA, FAISALABAD.
RESOLUTION NO.1
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"RESOLVED THAT the minutes of the Annual General Meeting held on October 27, 2023 were read by the Company Secretary which were unanimously confirmed and approved."
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RESOLUTION NO.2
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"RESOLVED THAT Audited Financial Statements of the Company for the year ended June 30, 2024 together with Chairman's, Directors' and Auditors' Reports thereon, as circulated to the members and laid before the meeting be and are hereby received, adopted and approved."
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RESOLUTION NO.3
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"RESOLVED THAT M/S Riaz Ahmad and Company, Chartered Accountants, be and are hereby appointed as External Auditors of the Company for the year 2024-25 from this day to the holding of next Annual General Meeting. The Chief Executive Officer be and is hereby authorized to finalize the terms and conditions of Appointment."
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RESOLUTION NO.4
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"RESOLVED THAT the transactions conducted with Related Parties as disclosed in the Note 40 of the Financial Statements for the year ended June 30, 2024 and specified in the Statement of Material Information under Section 134 (3) be and are hereby ratified, approved and confirmed."
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RESOLUTION NO.5
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"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, 2025."
"RESOLVED FURTHER 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.''
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For: J.K. SPINNING MILLS LIMITED
SYED HUSSAIN SHAHID MANSOOR NAQVI
Company Secretary