Packages LimitedPSX: PKGS

True Copy of Resolution(s) Passed and Adopted at the Annual General Meeting

· Issued by Packages Limited

SEC/46/PKGS 30 April 2025

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi

Sub: True Copy of Resolution(s) Passed and Adopted at the Annual General Meeting

ln accordance with Clause 5.6.9(b) of the PSX Rule Book, we are pleased to enclose a certified true copy of the resolution(s) passed and adopted by the shareholders at the Annual General Meeting of Packages Limited held on 30 April 2025 at 10:00 a.m. at Karachi and via Zoom.

Yours Sincerely,

For Packages Limited

Iqra Sajjad

Company Secretary



TRUE COPY OF THE RESOLUTIONS PASSED AND ADOPTED AT THE ANNUAL GENERAL MEETING OF PACKAGES LIMITED DATED 30 APRIL 2025
  1. To confirm the Minutes of the Last Annual General Meeting held on 29 April 2024

    "RESOLVED that the Minutes of the Last Annual General Meeting held on 29 April 2024 be and are hereby approved."

  2. To receive, consider, and adopt the Audited Financial Statements of the Company for the year ended December 31, 2024, together with the Chairman's Review Report and Directors' and Auditors' Reports thereon

    "RESOLVED that the financial statements for the year ended 31 December 2024, Chairman's Review Report and Directors' and Auditors' Reports thereon be and are hereby approved and adopted."

  3. To consider and approve payment of cash dividend for the year ended December 31, 2024, as recommended by the Board of Directors

    1. to the preference share/convertible stock holder (International Finance Corporation) at the rate of Rs. 19/- (10%) per preference share/convertible stock of Rs. 190 proposed by the Board in terms of and as adjusted under the Subscription Agreement between Packages Limited and International Finance Corporation, totalling Rs. 155,549,998; and

    2. to the ordinary shareholders at the rate of Rs. 15.00/- (150%) per ordinary share of Rs. 10 for the year ended 31 December 2024, as recommended by the Directors, be and is hereby approved."

  4. To appoint Auditors for the year 2025 and to fix their remuneration. The current Auditors, Messrs. A.F. Ferguson & Co., Chartered Accountants, have consented to be appointed as Auditors for the Financial Year 2025, and the Board Audit Committee and the Board of Directors have recommended their appointment

    "RESOLVED that Messrs A. F. Ferguson & Co., Chartered Accountants, be and are hereby re-appointed as Auditors of the Company for the Financial Year 2025, as recommended by the Audit Committee and endorsed by the Board of Directors, and to hold office until the conclusion of the next Annual General Meeting at a remuneration to be negotiated by the Management."

  5. To consider and, if deemed fit, pass a Special Resolution, to authorize the grant of a cross-company security to DIC Pakistan Limited, an unlisted subsidiary of the Company

Certified true copy

Company Secretary



"RESOLVED that the authorizations of Chief Financial Officer and the Company Secretary be and are hereby ratified on behalf of the Company to, in their discretion, singly create mortgage specified property of the Company in favour of the lending institution(s) as security for the financing facilities availed by DIC, and sign and execute document(s) to confirm/evidence of such mortgage and give irrevocable instructions with regard thereto and to sign and execute any agreement, as may be required to do so and/ or all security documents including memorandum(s) of deposit of title deed(s) and/or any other security documents that may be required at any time in connection with the proposed facilities and containing such terms and conditions as may be specified by lenders, as security for the proposed financing facilities."