Tata Textile Mills Limited’s abstract under section 218 of the companies ordinance, 1984
Karachi: In Compliance with the provisions of Listing Regulation 18 (2) we are please to enclose herewith the Copy of abstract under section 218 of the Companies Ordinance 1984.
To All Members of the Company
Abstract Under Section 218 of the Companies Ordinance, 1984
Pursuant to section 218(2) of the Companies Ordinance, 1984, this is to inform you that of Board of Directors of Tata Textile Mills Limited has appointed Mr. Shahid Anwar tata as Chief Executive Officer of the Company for the terms of three years commencing 12th October 2011.
As per terms and conditions Mr. Shahid Anwar Ahmed Tata will be entitled to a monthly Remuneration of Rs.502,840/- (Rupees Have Hundred Two Thousand Eight Hundred and Forty only)with an annual increment of 15% per annum effective from 1st February of every year and also approves and authorizes the provision of company’s maintained cars to him, disbursement of utility bills, club bills and other entertainment at actual, Bonus, Retirement Benefit, Medical and leave fare facilities for himself and his family and other benefits under his term of employment with the company.
No director of the Company has any interest in the above appointment.
For more information, contact:
Tata Textile Mills Limited
8th Floor Textile Plaza,
M. A. Jinnah Road, Karachi -Pakistan.
Web Site: http://wwv.tatex.com