WorldCall Telecom : Applied for Extension for Holding AGM/ARM for the Year Ended 31 December 2021

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WorldCall Telecom Limited

April 4, 2022

Ref: WTLlSECP/EXT-01/AGM-21

Mr. Zia-ul-Haq

Additional Joint Director,

Securities Exchange Commission of Pakistan, Securities Market Division

NIC Building, Jinnah Avenue, Islamabad.

Subject:

WORLDCALL TELECOM LIMITED - 0042200

Application for extension in the Period of holding Annual General Meeting (AGM) for the year ended December 31, 2021 and laying of financial statements therein under section 132 (1) and 223 (2) of the Companies Act, 2017 (the "Act")

Dear Sir,

Pursuant to the provisions of section (s) 132 (1) and 223 (2) of the Act, an extension of thirty (30) days is sought from the Securities and Exchange Commission of Pakistan (the "Commission") for holding the Company's AGM and laying its annual audited financial statements therein for the year ended December 31,2021 by May 30,2022.

As required under Regulation 27 of the Companies (General Provisions and Forms) Regulation, 2018 (the "Regulations"), the requisite information is provided hereunder:

Serial No.

Particulars

Description

(i)

0042200 of 15-03-2001

The Registration NumberName of the CompanyAddress of the CompanyWorld Call Telecom Limited

Plot No. 112-113, Block - S, Quaid-e-Azam Industrial Estate;

Kot l.akhpat, Lahore, Puniab 54770

The date on which the last AGM was held 31st July 2021

(ii)

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and the financial year for which the balancesheet, profit & loss account and other

statement and report relating to accountswere laid at such meeting.

To consider, approve and adopt the financial statements for the year ended December 31, 2020

(iii) The date up to which the annual general 30th May 2022meeting is required to be held under and forthe purposes of the said sections and thedate up to which the balance-sheet and profit

and loss account, and other statements and	To consider, approve and adopt the financial statements for the
reports relating to accounts are required to	year ended December 31, 2021
be laid therein
The company being a technology company is still marred with

(iv) Reasoning for the extension perioddevastating impacts of the diminishing pandemic andcontentrating efforts for steady revival; the management intenton cost rationalization, in latter half of the fiscal year resolved toshift registered office to new premises already in Company'suse thereby utilizing ample space and clustering of resources"under one roof. This was a lengthy tiring exercise consuming

H ad Office:

Plot No. 112-113, Block S, Quaid-e-Azam Kat Lakhpat, Lahore.

Industrial Estate,

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WorldCall Telecom Limited

precious work hours but carried out in best interests and for longer good. After settling in, accounts & finance 'team strenuously undertook the finalization of financial statements and statutory audit was accordingly planned until the unexpected came to pass. Our core member of the finance team coordinating/liaising with the external auditors and tasked to ensure timely conclusion resigned from his post to pursue a better opportunity at such a critical stage. Recruiting suitable replacement at such a key position and transitioning to discharge such grave responsibility immediately upon joining has left the Company with no viable option than to seek extension of thirty (30) for holding its AGM for the year ended December 31, 2021 and laying of annual audited financial statements therein.

• (v) When the delay is attfibuted to non-completion of books of accounts or non- finalization of audit, the exact state of books of accounts with reasons for non-completion of such books or for non-finalization of the Auditor's certificate is annexed. audit, as the case may be, such information being accompanied by a certificate of the company's auditor.

• (vi) Accompanied by a copy of the last audited A copy of last audited financial statements for the year endedbalance-sheet and profit and loss account.

• (vii) Verification

31 December 2020 is enclosed.

Affidavit duly signed and attested is attached

(viii)Fee

Paid Challan AttachedIn light of the above submissions, we request you to kindly grant us the permission under Section 132 of the Companies Act, 2017.

We shall be much obliged for your kind consideration of our request.

Enel: As above

Head Office:

Plot No. 112-113, Block S, Quaid-e-Azam Industrial Estate, Kat Lakhpat, Lahore.