Pakistan Paper Products : RESOLUTION PASSED AND ADOPTED BY THE SHAREHOLDERS IN EXTRAORDINARY GENERAL MEETING
May 11, 2023 at 06:24 am
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Ref: PPPL/PSX/EOGM/Resolution/2023
May 11, 2023
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi.
SUB: CERTIFIED TRUE COPY OF RESOLUTIONS PASSED IN THE EXTRAORDINARY GENERAL MEETING OF THE COMPANY HELD ON 11TH MAY 2023
Dear Sir,
In Compliance with the Regulation no. 5.6.9.(b) of the Rule book of the Pakistan Stock Exchange, please find enclosed herewith a certified copy of the resolution (Annexure-A") passed and adopted by the shareholders in Extraordinary General Meeting of Pakistan Paper Products Ltd held on Thursday 11th May 2023 at their register office of the company and also via video link on request.
The above is submitted for information to the exchange.
Thanking you,
On behalf of Pakistan Paper Products Ltd.
__________________
SAFIA KHURSHID
COMPANY SECRETARY
The Direcor / HO
Surveillance, Supervision & Enforcement department Secruties and Exchange Commission of Pakistan NIC Building 63 Jinnah Avenue, Blue Area, Islamabad.
RESOLUTION PASSED AND ADOPTED BY THE SHAREHOLDERS IN
EXTRAORDINARY GENERAL MEETING HELD ON THURSDAY 11TH MAY 2023
Ordinary Business:
To Confirm the Minutes of 60th Annual General Meeting was held on 25th October 2022.
To elect seven (7) directors of the company as fixed by the Board of Directors in accordance with Section 159 (1) of Companies Act, 2017 for a term of three (3) years, whereas consent to become directors were received from the following persons;
Mr. Abbas Sayeed
Mr. Abid Sayeed
Mrs. Muleika Sayeed
Dr. Asadullah Sayeed
Mr. Sayeed Imran
Ms. Aisha Fariel Salahuddin
Mr. Mati Uddin Siddiqui (NIT-Nominee)
Special Business:
3. To approve transmission of Annual Audited Accounts of the company to the members via QR Code and web link as allowed by Security and Exchange Commission of Pakistan vide its Notification S.R.O. 389 (i) / 2023 dated March 21, 2023 instead of old technology becoming obsolete for transmission through CD/DVD/USB.
Other Business
4. To transact any other business with the permission of the Chair.
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RESOLUTION:
Resolved That the minutes of the 60th Annual General Meeting of the Company be and are hereby approved.
Resolved That Mr. Abbas Sayeed, Mr. Abid Sayeed, Mrs. Muleika Sayeed, Dr. Aasadullah Sayeed, Mr. Sayeed Imran, Ms. Aisha Fariel Salahuddin and Mr. Mati Uddin Siddiqui be and are hereby elected for next term of three years with effect from 11-05-2023.
Resolved That the transmission of annual audited financial statements and related documents (included the Annual report) be circulated to the Members through a QR enabled code and weblink included in the Notice of a General Meeting as per the requirements under S.R.O. 389(I)/2023 dated March 21, 2023, issued by the Securities and Exchange Commission of Pakistan.
TRUE CERTIFIED COPY
____________
Safia Khurshid
Company Secretary
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Pakistan Paper Products Ltd. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 10:23:27 UTC.
Pakistan Paper Products Limited is a Pakistan-based company that is engaged in the production and sale of sensitized papers, pro-labels and exercise books. The Company's products include self-adhesive labels, exercise books, ammonia sensitized paper, and photocopy paper and plotter paper. The Company offers PPP branded exercise books, journals, registers, writing pads and college notebooks, among others. Its clients include more than 100 private schools in Pakistan who get their exercise books made under their own cover, including the nationwide branches of The City School. Its ammonia sensitized paper products are used in architects and engineering drawings, among others.