Certified copy of Resolutions passed & adopted by shareholder on AGM April 30, 2025
· Issued by Saif Power Ltd
SAIF POWER L.IMITED
1" Floor, Kashmir Commercial Complex, Fazal-ul-Haq Road, Block E, Blue Area, Islamabad.
Certified copy of Resolutions passed & adopted by the Shareholders of Saif Power Limited ("the Company") in the 21thAnnual General Meeting held on April 30, 2025
ORDINARY BUSINESS:
"RESOLVED THAT the Audited Financial Statements of the Company for the year ended December 31, 2024 together with the Directors' and Auditors' reports thereon be and are hereby received, approved and adopted."
"RESOLVED THAT M/s KPMG Taseer Hadi & Co Accountants, Islamabad, be and are hereby appointed as external auditors of the Company from the conclusion of the 21thAnnual General Meeting till the conclusion of the next Annual General Meeting, as recommended by the Board of Directors."
SPECIAL BUSINESS:
To ratify and approve transactions entered into "by the Company with assotiated Companies in its ordinary course of business by passing the following Special resolutions:-
"RESOLVED THAT the Company be and is hereby authorized to share common expenses with associated Companies which may include but not limited to administrative expenses, salaries, utility expenses, repair and maintenance and other miscellaneous expenses etc. (collectively the "Administrative Expenses")".
"RESOLVED FURTHER THAT the transactions entered into by the Company in its ordinary course of business with related parties during the year ended December 31, 2024 as disclosed in notes to the Financial Statements are hereby ratified and approved."
"RESOLVED FURTHER THAT the Chief Executive of the Company be and is hereby authorized to execute/ approve all the transactions to be carried out in its ordinary course of business with associated companies during the ensuing year ending December 31, 2025 and in this connection the Chief Executive be and is hereby also authorized to take any and all necessary actions and to sign execute any and all such documents/indentures as may be required in this regard on behalf of the Company."
