MACPAC FILMS LIMITED
EXTRACT OF THE RESOLUTIONS PASSED BY THE MEMBERS ON
THE 29TH ANNUAL GENERAL MEETING OF MACPAC FILMS
LIMITED HELD ON OCTOBER 24, 2024
Dear Sirs,
We wish to inform you that the following resolutions were passed at the 29th Annual General Meeting (AGM) of the Company held on October 24, 2024 at 10:00AM at Karachi.
AGENDA ITEM NO. 1
"RESOLVED THAT the annual audited financial statements of the Company for the year ended June 30, 2024 together with the Chairman's Review Report, Report of the Directors and the Auditor's Report thereon and notes annexed thereto ('Annual Report 2024') be and are hereby approved and adopted."
AGENDA ITEM NO. 2
"RSOLVED THAT the final cash dividend at Rs 1.25 per share i.e., 12.5% as recommended by the Directors for the year ended June 30, 2024 and payable to the members whose names appear in the register of members as on October 17, 2024, be and is hereby approved."
AGENDA ITEM NO. 3
"RESOLVED THAT M/s. KPMG Taseer Hadi & Co, Chartered Accountants, Karachi, be and are hereby appointed as Auditors of the Company for the year ending June 30, 2025 and to hold office until the next Annual General Meeting at a remuneration to be mutually agreed."
AGENDA ITEM NO. 4
'RESOLVED THAT the following seven individuals be and are hereby elected as directors of the Company in their respective categories for a term of three years with effect from October 28, 2024, in accordance with Section 159(1) of the Companies Act, 2017:
i. | Mr. Naeem Ali Muhammad Munshi | v. | Ms. Hafsa Abbasy |
ii. | Mr. Najmul Hassan | vi. | Mr. Shariq Maqbool Elahi |
iii. | Mr. Ehtesham Maqbool Elahi | vii. | Mr. Fahad Munshi." |
- Mr. Shabbir Hamza Khandwala
AGENDA ITEM NO. 5 - SPECIAL RESOLUTION
"RESOLVED THAT the Objects Clause of the Memorandum of Association of Macpac Films Limited be and is hereby appropriately amended to enable the Company to comply with the Shariah compliance requirements as stipulated in Shariah Compliance Certificate dated July 18, 2024 issued to the Company by the Securities and Exchange Commission of Pakistan (SECP).
FURTHER RESOLVED THAT the Chief Executive Officer, Managing Director, Chief Financial Officer and Company Secretary be and are hereby authorized singly and/or jointly by any two of them to do all acts, deeds, and things, and to take all necessary steps to give effect to this Special Resolution, including but not limited to, signing, executing and filing any forms and documents with the regulatory authorities."
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Aquil A. Khan
Company Secretary