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Platinum Insurance Company Limited’s placement of company on defaulter segment

Karachi: We give below certain points under your kind consideration. As far as Company AGM is concerned, we could not hold AGM for the year 2009 due to unexpected order of SECP of ceasing operations of our company business, where as that time to till now economic condition of our country and business has also gone bed to worst, which you are well aware.

We tried to hold AGM and ask KSE to give us date and time to bold ACM. Whereas Karachi Stock Exchange have always advised us to first, get permission from SECP to hold AGM.

We have therefore written letters to SECP, to give us permission to hold AGM because it’s the condition of KSE to first get permission from SECP, (copies of letters enclosed) but till today there is no response from them, now we have sought help from Joint Registrar of Companies to advise us in this regard.

As far as Annual Listing Fee is concerned, we have made request to you, give us chance to pay you in installment due to prevailing condition of business, and cessation of our business from the last more than 2 years.

We therefore request you prior to taking any strict action; you are humbly requested to consider our above request keeping in view the whole economic portion of the business and country.

Due to unavoidable circumstances etc ceasing of our business, and lake a fund, we could not hold Annual General Meeting for the year 2009 and 2010.

Now we intent to hold the AGM for the year 2009 along with AGM 2010.

Karachi Stock Exchange ask us to provide permission for holding meeting from SECP.

Therefore request you please give us Permission to hold the AGM for the year 2009 and 2010 simultaneously.

Your co-operation will be highly appreciated.

We humbly submit our request for kind and sympathetic consideration.

Due to unavoidable circumstances etc ceasing of our business, non availability of auditor and lake a fund, we could not hold Annual General Meeting for the year 2009.

Now we intent to hold the AGM for the year 2009 along with AGM 2010.

Therefore request you please give us Permission to hold the AGM for the year 2009 simultaneously in end of April 2011.

For more information, contact:
Platinum Insurance Company Limited
Suit No 1014, 10th Floor,
Uni Plaza,
I.I Chundrigar Road,
Karachi
Phone +92-21-32410829, 32419709,
Fax +92-21-32420724

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