73-E Main Jail Road, Gulberg II, Lahore. UAN: 92 21 111 000 100
Fax: 92 21 35758783, 35713753
INFORMATION ABOUT SCRUTINIZER
With reference to the regulations 4(4) and 11 of the Companies (Postal Ballot) Regulations 2018, below is the information regarding the scrutinizer for the purpose of upcoming Extraordinary General Meeting to be held on July 20, 2023.
ShineWing Hameed Chaudhri & Co., Chartered Accountants, is
experience
one of the oldest and renowned firms of Chartered Accountants in
Pakistan, established by late Mr. Abdul Hameed Chaudhri (FCA)
in 1957. It is a member firm of ShineWing International.
The firm is a premier provider of professional services in audit and
assurance, accounting, tax, risk management and advisory, and
corporate services to a significant number of clients including listed
and economically significant entities, through its offices located
across Pakistan.
3.
Purpose of appointment
As the company is required to appoint scrutinizer for the purpose
of voting in the general meeting to transact a business which
pertains election of directors in case where number of contestants
are more than the number of directors fixed by the Board as
mentioned in section 159 of the Companies Act, 2017.
Therefore, scrutinizer has been appointed to observe that
satisfactory procedures of the voting process including adequate
precautionary measures are ensured and reported as mentioned
under regulation 11A.
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Sapphire Fibres Ltd. published this content on 11 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2023 07:17:03 UTC.
Sapphire Fibres Limited is a Pakistan-based company that is engaged in the manufacturing and sale of yarn, fabrics and garments. The Company's segments include Spinning; Knitting, processing and garments; Denim, and Power. Its products include yarns, wovens, knits and home textiles. The Company specializes in a variety of home textile made ups, such as sheet sets, quilt/duvet covers, bed skirts, shams, pillowcases, comforters, curtains, table covers and aprons, among others. Its yarn product range consists of a variety of ring spun, compact spun, open end, dyed and bleached yarns in various counts. Along with basic cotton and polyester cotton (PC) yarns, the Company also offers specialized yarns for niche market including MVS, Coolmax, Fortrel, Tencel, Modal, melange, slub yarns and core spun Lycra yarns. It has a production capacity of approximately five million kilograms (kg) of yarn per month. The Company's woven products include greige woven fabrics and finished woven fabrics.