Atlas Battery : Procedure for Electronic Voting Facility and Voting through Postal Ballot (Prior Publication)

PROCEDURE FOR ELECTRONIC VOTING FACILITY AND VOTING THROUGH POSTAL BALLOT ON SPECIAL BUSINESS

This is in continuation of Notice of Extraordinary General Meeting published on Wednesday, May 31, 2023.

The members are hereby notified that pursuant to Companies (Postal Ballot) Regulations, 2018 ("the Regulations") amended through Notification dated December 05, 2022, issued by the Securities and Exchange Commission of Pakistan ("SECP"), SECP has directed all the listed companies to provide the right to vote through electronic voting facility and voting by post to the members on all businesses classified as special business.

Accordingly, members of Atlas Battery Limited (the "Company") will be allowed to exercise their right to vote through electronic voting facility or voting by post for the special business in its forthcoming Extraordinary General Meeting to be held on Wednesday, June 21, 2023, at 10.00 a.m. in accordance with the requirements and subject to the conditions contained in the aforesaid Regulations.

For the convenience of the members, ballot paper is annexed to this notice and the same is also available on the Company's website at www.abl.atlas.pkfor download.

NOTES:

Procedure for E - Voting:

1. Details of the e-voting facility will be shared through an e-mail with those members of the Company who have their valid Computerized National Identity Card (CNIC) numbers, cell numbers, and e-mail addresses available in the register of members of the Company.
2. The web address and login details will be communicated to members via email. The security codes will be communicated to members through SMS from web portal of CDC Share Registrar Services Limited (being the e-voting service provider).
3. Identity of the members intending to cast vote through E-Voting shall be authenticated through electronic signature or authentication for login.
4. E-Votinglines will start from June 16, 2023, 09:00 a.m. and shall close on June 20, 2023 at 5:00 p.m. Members can cast their votes any time during this period. Once the vote on a resolution is cast by a Member, he / she shall not be allowed to change it subsequently.

Procedure for Voting Through Postal Ballot:

The members shall ensure that duly filled and signed ballot paper, along with copy of CNIC, should reach the Chairman of the meeting through post at the below mentioned address of office of the Company / Share Registrar or through email at abl@abl.atlas.pk, by close of business on June 20, 2023. The signature on the ballot paper shall match with the signature on CNIC.

BALLOT PAPER

For voting through post for the Special Business at the Extraordinary General Meeting to be held on Wednesday, June 21, 2023 at 10:00 a.m. at 2nd Floor, Federation House, Sharae Firdousi, Clifton, Karachi, and / or online through Zoom. Phone: 111-247-225; Website: www.abl.atlas.pk

Name of Shareholder / Proxy Holder

Registered Address

Folio / CDS Account Number

Number of Shares Held

CNIC / Passport No. (in case of foreigner) (copy to be attached)

Additional information and enclosures (in case of representative of body corporate, corporation and Federal Government)

Name of Authorized Signatory

CNIC / Passport No. (in case of foreigner) of Authorized Signatory (copy to be attached)

Instructions for Poll

1. Please indicate your vote by ticking (√) the relevant box.
2. In case both the boxes are marked as (√), your poll shall be treated as "Rejected".

I / we hereby exercise my / our vote in respect of the below resolutions through ballot by conveying my / our assent or dissent to the resolution by placing tick (√) mark in the appropriate box below:

To consider and, if thought fit, pass with or without modification, the following resolutions as special resolutions:

Resolution for Agenda Item No. 2.1

Resolved:

"that the authorized share capital of the Company be and is hereby increased from Rs.500,000,000/- (Rupees five hundred million only) to Rs.7,000,000,000/- (Rupees seven billion only) by creation of 650,000,000 (six hundred fifty million) new ordinary shares of Rs.10/- each."

Resolution for Agenda Item No. 2.2

Further Resolved:

"that the Memorandum and Articles of Association of the Company be and are hereby altered by substituting the figures and words of Rs.500,000,000/- (Rupees five hundred million only) divided into 50,000,000 (fifty million) ordinary shares of Rs.10/- each appearing in Clause 5 of the Memorandum of Association and Article 8 of the Articles of Association with the words and figures of Rs.7,000,000,000/- (Rupees seven billion only) divided into 700,000,000 (seven hundred million) ordinary shares of Rs.10/- each."

Resolution for Agenda Item No. 2.3

Further Resolved:

"that the ordinary shares when issued shall carry equal voting rights and rank pari passu with the existing ordinary shares of the Company in all respect / matters in conformity with the provisions of the Companies Act, 2017."

Resolution for Agenda Item No. 2.4

Further Resolved:

"that the Chief Executive Officer and Company Secretary be and are hereby authorized singly to do all acts, deeds and things, take any or all necessary actions to complete all legal formalities and to file requisite documents with the Registrar to effectuate and implement the aforesaid resolutions."

Resolution for Agenda Item No. 2.5

Further Resolved:

"that subject to approval of the increase in authorized share capital under 2.1 and 2.2 above, the Board of Directors of the Company be and is hereby authorized to declare and issue bonus shares as determined by the Board of Directors from the distributable profits / reserves of the Company."

Notes:

1. Duly filled ballot paper should be sent to the Chairman of Atlas Battery Limited's office / Share Registrar or through email at abl@abl.atlas.pk with the subject line as "Postal Ballot".
2. Copy of CNIC / Passport (in case of foreigner) should be enclosed with the ballot paper.
3. Ballot paper should reach the Chairman within business hours by or before Tuesday, June 20, 2023. Any postal ballot received after this date, will not be considered for voting.
4. Signature on ballot paper should match with signature on CNIC / Passport.
5. Incomplete, unsigned, incorrect, defaced, torn, mutilated, overwritten ballot paper will be rejected.
6. In case of corporate entity, the Board of Directors' Resolution / Power of Attorney with specimen signature and attested copy of valid CNIC of the nominee (unless it has been provided earlier) should be enclosed with the ballot paper.
7. Ballot paper has also been placed on the website of the Company at www.abl.atlas.pk. Members may download the ballot paper from the website or use an original / photocopy published in newspapers.
8. The decision of Chairman of the meeting regarding validity of the vote shall be final.