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Bhanero Textile Mills Limited’s notice of extra ordinary general meeting

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by December 10, 2012 Board Meetings

Karachi, December 10, 2012 (PPI-OT): It is to inform you that Extra Ordinary General Meeting of the company is scheduled to be held on Monday 31st December 2012 at 3:15 PM at registered office, Umer House, 23/1, Sector 23, S. M. Farooq Road, Korangi Industrial Area, Karachi.

Notice of the Extra Ordinary General Meeting

Notice is hereby given that an Extra Ordinary General Meeting of the members of Bhanero Textile Mills Limited will be held on Monday 31st December 2012 at 3:15 P.M. at Umer House 23/1, Sector 23, S. M. Farooq Road, Korangi Industrial Area, Karachi, to transact the following business:

1. To confirm the minutes of the 33rd Annual General Meeting held on 24th October 2012.

2. To transact any other business with the permission of the chairman.

Special Business

3. To approve the remuneration and perquisite of Chief Executive and a Director of Company

Statement Under Section 160 (1)/ (b) of the Companies Ordinance 1984; Regarding the Special Business

The shareholders approval is sought for remuneration and perquisite of Chief Executive and a Director of the company;

For this purpose it is proposed that the following resolution be passed with or without modification by the shareholders as an ordinary resolution;

“Resolved that the company hereby approves the monthly remuneration of Chief Executive, a sum not exceeding PKR 300,000 and Mr. Mohammad Salim-Director, a sum not exceeding PKR 200,000. In addition to above the company also approves following perquisites to them;

1. Company Maintained Car
Estimated expenses for fuel and repair
Chief Executive
PKR 800,000 per annum
Director-Mr. Mohammad Salim
PKR 800,000 per annum

2. Residential telephone facilities for personal and official use
Chief Executive
PKR 125,000 per annum
Director-Mr. Mohammad Salim
PKR 125,000 per annum

Notes:

1. The Shares Transfer Books of the Company will remain closed from 26th December 2012 to 2nd January, 2013 (both days inclusive). Transfers received in order at the company address i.e. Umer House, 23/1, Sector 23, S. M. Farooq Road, Korangi Industrial Area, Karachi by 24th December 2012 will be treated in time for the purpose of attendance and vote in the meeting.

2. A member entitled to attend and vote at the General Meeting is entitled to appoint a proxy to attend and vote instead of him/her. No person other than a member shall act as proxy.

3. An instrument appointing a proxy and the power of attorney or other Authority (if any) under which it is signed or a notarially certified copy of such power or authority, in order to be valid, must be deposited at the registered office of the company at least 48 hours before the time of the meeting and must be duly stamped, signed and witnessed.

4. Any individual Beneficial Owner of CDC, entitled to attend and vote at this meeting, must bring his/her original CNIC or Passport, Account and participant’s I.D. numbers, to prove his/her Identity, and in case of proxy must enclose an attested copy of his/her CNIC or Passport. Representatives of corporate members should bring the usual documents required for such purpose.

The account/sub account holders of CDC will further have to follow the guidelines as laid down in Circular No. 1 of 2000 dated January 26, 2000 issued by Securities and Exchange Commission of Pakistan.

5. Members are requested to immediately inform of any change in their addresses.

For more information, contact:
Bhanero Textile Mills Limited
Umer House, 23/1,
Sector 23, S. M. Farooq Road,
Korangi Industrial Area, Karachi- 74900
Phones: (92-21)5115177-80
Fax: (92-21) 35115190 and 35115191,
E-mail: [email protected]
Website: www.umergroup.com

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