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Sapphire Textile Mills Limited’s information under section 218 of the companies ordinance, 1984

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Karachi, March 05, 2013 (PPI-OT): We would like to inform you that the Board of Directors of the Company in its meeting held on February 27, 2013 has revised the monthly remuneration of Mr. Nadeem Abdullah, Chief Executive/ Director w. e. f. February 01, 2013.

Information under Section 218 of the Companies Ordinance, 1984

The Board of Directors of the Company in its meeting held on February 27, 2013, has revised the monthly remuneration of Mr. Nadeem Abdullah with effect from February 01, 2012 as under:

Mr. Shahid Abdullah

Director

Salary

Rs. 666,700

House Rent

Rs. 300,000

Utilities

Rs. 33,300

Total:

Rs. 1,000,000

The Directors/ Chief Executive shall be entitled for company maintained cars, reimbursement of medical expenses of self and family, actual expenses on local and foreign tours inclusive of Air Tickets, Hotels and others. They will also be entitled to accompany their family in tours twice a year. All expenses of residence telephones and all their clubs and other entertainment expenses at actual shall be borne by the Company.

For more information, contact:
Sapphire Textile Mills Limited
212, Cotton Exchange Building,
I. I. Chundrigar Road, Karachi (Pakistan)
UAN: 92 21 111 000 100
Fax: 92 212416705

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