MERIT PACKAGING LIMITED
Registered Office & Corporate Department
LAKSON SQUARE, BUILDING NO.2, SARWAR SHAHEED ROAD, KARACHI-74200,PAKISTAN.
June 27, 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
Dear Sir,
SUBMISSION OF SPECIAL RESOLUTIONSWe are pleased to enclose herewith Certified Extract of the Special Resolutions passed by the members of the Company in the Extraordinary General Meeting held on June 27, 2025 as required under clause 5.6.9. (b) of PSX Regulations.
Thanking you, Yours faithfully,
For MERIT PACKAGING LIMITED
(MA SO AHMED)
Comp Secretary Encl: as above.
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MERIT PACKAGING LIMITED
Registered Office & Corporate Department
LAKSON SQUARE, BUILDING NO.2, SARWAR SHAHEED ROAD, KARACHI-74200,PAKISTAN.
CERTIFIED EXTRACT OF THE SPECIAL RESOLUTIONS PASSED BY THE MEMBERS OF THE COMPANY IN THEIR
EXTRAORDINARY GENERAL MEETING HELD ON JUNE 27, 2025
"RESOLVED THAT the consent of shareholders be and is hereby accorded to the disposal and sale of the Company's assets comprising of Plant and Machinery (Flexible Packaging Unit) and Goodwill ("the Assets") located at 17-B, Sector 29, Korangi Industrial Township, Karachi for an aggregate sale consideration of PKR 1,000,000,000 based on the best available quote from the interested party.
FURTHER RESOLVED THAT Board of Directors be and are hereby authorized and empowered for the Sale of Assets. The Board may delegate its powers to the Company Secretary and /or Chief Financial Officer and a Director on such terms and conditions they deem fit, to act on behalf of the Company in doing and performing all acts, matters, things and deeds to implement and / or give effect to the asset sale and the transaction contemplated by it, which shall include, but not be limited to:
selling the Assets to its party Kompass Pakistan (Private) Limited (the buyer) and for that purpose, entering into asset sale agreement or any other agreement with the buyer, receiving of sale consideration, executing, preparing and signing asset sale agreement and / or transfer documents in favor of the buyer(s) to effect the asset sale in favor of the buyer by representing the same before all parties & authorities concerned and admitting execution thereof;
and
generally performing and executing in respect of the assets all lawful deeds, agreements, acts and things as may be fit and proper in order to implement and complete the Assets sale.
FURTHER RESOLVED THAT the Company be and is hereby authorized to take all actions incidental or ancillary thereto with regard to execution of sale of(approved) Assets.
FURTHER RESOLVED THAT the Board be and is hereby empowered to agree upon modification in these resolutions that may be directed / required by the SECP without the need of any other further approval of the shareholders.
FURTHER RESOLVED THAT certified copies of this resolution in its present form or
modified by CFO/Company Secretary be communicated to the concerned authorities and shall - remain in force until notice in writing to the contrary is given."
For MERIT PACKAGING LIMITED
(MANSO AHMED)
Co any Secretary