Atlas Honda Limited’s certificate of free reserve
Karachi: Please find enclosed Auditor’s Certificate on Residual Free Reserves for the issue of bonus Shares for the year ended March 31, 2012 in compliance with Companies (issue of Capital) Rules, 1996.
Certificate on Residual Free Reserves for the Issue of Bonus Shares
As requested by you we have ascertained from financial statements of the Company for year ended March 31, 2012, which have been approved by the Board of Directors that the residual free reserves in terms of meaning given to “free reserves” in The Companies (Issue of Capital) Rules. 1996 after incorporating the proposed issue of bonus shares of a face value of Rs. 107,903 thousand would be higher than twenty five percent of the enhanced capital of Rs. 227,253 thousand.
For more information, Contact:
Hameed Chaudhri & Co.,
Atlas Honda Limited
F- 36, Estate Avenue, S.I.T.E.
Ph: (92-21) 2575561-5
Fax: (92-21) 2583758