Karachi: Enclosed please find a copy of the Notice of the Annual General Meeting to be held on Monday, October 31, 2011 at 11.00 a.m. for circulation amongst your members.
Notice of Annual General Meeting
Notice is hereby given that Annual General Meeting of the shareholders of the Company will be held on Monday October 31, 2011 at 11.00 am at the Registered Office of the Company situated at 72-B, Kot Lakhpat Industrial Area, Lahore as per following agenda:-
1. To confirm the Minutes of the last Extraordinary General Meeting held on June 14, 2011.
2. To receive, consider and adopt the statement of audited accounts for the year ended June 30, 2011 along with the reports of Directors and Auditors thereon.
3. To approve and declare a dividend @ 10% (Re. 1/-) per share as recommended by the Board.
4. To appoint Auditors of the Company for the year ending June 30, 2012 and to fix their remuneration. The retiring Auditors M/S. KPMG Taseer Hadi and Co., Chartered Accountants being eligible offer themselves for re-appointment.
5. To transact any other business with the permission of the Chair.
a. The share transfer Books of the Company will remain closed from October 24, 2011 to October 31, 2011 (both days inclusive).
Transfers received at the registered office of the Company situated 72-B, Kotlakhpat Industrial Area, Lahore, at the close of business on October 22, 2011 will be treated in time for the purpose of above entitlement to the transferees.
b. Any member of the company entitled to attend and vote may appoint another member as his/her proxy to attend and vote instead of him/her. Proxies must be received at the Registered Office of the Company not less than 48 hours before the time of holding the Meeting.
c. The shareholders having shares deposited with the CDC are requested to bring their original National Identity Card or Passport and CDC account number for verification.
d. Members are requested to promptly notice the Company of any change in their addresses.
DISCLOUSER TO MEMBERS U/S 218(2) OF THE COMPANIES ORDINANCE 1984 OF DIRECTORS’ INTEREST REGARDING INCREASE OF REMUNERATION OF SYED SHAHID ALI, CHIEF EXECUTIVE OFFICER OF THE COMPANY
The Shareholders of the Company be and are hereby informed that Board of Directors decided to increase remuneration payable to Syed Shahid Ali, Chief Executive Officer of the Company in their meeting held on October 06, 2011 and passed the following resolution :-
“RESOLVED THAT consent be and is hereby given for the re-appointment of Syed Shahid Ali as Chief Executive Officer of the Company and for the payment as remuneration of the sum not exceeding Rs.18 Million (Rupees Eighteen Million only) per year effective from July 01, 2011 and for the provision to him of housing, transport, medical and leave fare facility arid other benefits relation to his office in accordance with the Company’s rules and policies time to time enforced.”
Syed Shahid All, Chief Executive Officer of the Company is interested in this business to the extent of remuneration and other benefits payable to him.
For more information, contact:
Treet Corporation Limited
72-B, Kot Lakhpat Industrial Area,
Lahore – 54770,
Tel: +92 (42) 35830881
Fax: +92 (42) 35114127