SAPPHIRE FIBRES LIMITED

ELECTION OF DIRECTORS

All the shareholders of the Company are hereby notified that pursuant to Section 159(4) of the Companies Act, 2017, the following persons have filed their intention to contest the Election of Directors of the Company at the Extra Ordinary General Meeting of the Company, scheduled to be held on 20th July, 2023.

1.

Mr. Shahid Abdullah

2.

Mr. Nadeem Abdullah

3.

Mr. Amer Abdullah

4.

Mr. Yousuf Abdullah

5.

Mr. Shayan Abdullah

6.

Mr. AbdulSattar

7.

Mr. Nadeem Arshad Elahi

8.

Ms. Mariam Chughtai

9.

Mr.Muhammad Naeem Khan

10.

Mr. Sheikh Aftab Ahmed

The Board of Directors have fixed the number of directors to be elected at nine (09) as required under Section 159(1) of the Companies Act, 2017. Since the number of persons who have conveyed their intention to offer themselves for election exceeds the number of directors fixed by the Board, elections shall be held at the forthcoming EOGM.

The profiles of above-named candidates have been placed on the website of the Company

Karachi:

Rameez Ghausi

July 11, 2023

Company Secretary

BALLOT PAPER FOR VOTING THROUGH POST

(in person and virtual meeting to be held at 11:30 a.m on Thursday, July20, 2023 at 312- Cotton Exchange Building, I IChundrigar Road, Karachi

Designated email address of the Chairman at which the duly filled in ballot paper may be sent: contact@sapphiretextiles.com.pk

Name of shareholder/joint shareholders

Registered Address

Number of shares held and folio number

CNIC No./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)

I/we hereby exercise my/our vote in respect of Election of Directors through postal ballot as follows:

No. of ordinary

Number of votes

S. No.

Nature and Description

(number of voting

shares, used for

shares x number

of resolutions

voting in favorof

of directors to be

the director

elected i.e.9)

01. To elect Nine (09) Directors as fixed by the board under section 159(1) of the Companies Act, 2017 for three years. Following candidates have consented their willingness to become director:

  1. Mr. Shahid Abdullah
  2. Mr. Nadeem Abdullah
  3. Mr. Amer Abdullah
  4. Mr. Yousuf Abdullah
  5. Mr. Shayan Abdullah
  6. Mr. Abdul Sattar
  7. Mr. Nadeem Arshad Elahi
  8. Ms. Mariam Chughtai
  9. Mr. Muhammad Naeem Khan
  10. Mr. Sheikh Aftab Ahmed
    TOTAL

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

Nature and Description

No. of ordinary I/We assent I/We dissent

shares for

to the

to the

S. No.

which votes

Resolutions Resolutions

of resolutions

cast

(FOR)

(AGAINST)

02 Agenda no. 3

To consider and approve, with or without modification, the following ordinary resolution in respect of transmission of Annual Audited Accounts:

RESOLVED THAT the consent of the members be and is hereby accorded to circulate the Audited Financial Statements to its members through QR enabled code and weblink in pursuant of Notification No. 389(1)/ 2023 dated March 21, 2023 of Securities Exchange Commission of Pakistan.

Signature of shareholder

Place:

Date:

NOTES/ PROCEDURE FOR SUBMISSION OF BALLOT PAPER:

  1. Dully filled& signed original postal ballot should be sent to chairman Mr. Yousuf Abdullah, SFL 316- Cotton Exchange Building, I. I.Chundrigar Road, Karachi, or a scanned copy of the original postal ballot to be emailed at contact@sapphiretextiles.com.pk.
  2. Copy of CNIC/ Passport (in case of foreigner) should be enclosed with the postal ballot form.
  3. Postal ballot forms should reach chairman of the meeting on or beforeJuly19, 2023 during working hours. Any postal ballot received after this date, will not be considered for voting.
  4. Signature on postal ballot should match with signature on CNIC/ Passport (In case of foreigner).
  5. Incomplete, unsigned, incorrect, defaced, torn, mutilated, over written ballot paper will be rejected.
  6. In case of representative of body corporate and corporation, postal ballot mustbe accompanied with copy of CNIC of authorized person, along with a duly attested copy of Board Resolution, Power of Attorney, or Authorization Letter in accordance with Section(s) 138 or 139 of the Companies Act, 2017, as applicable, unless these have already been submitted along with the Proxy Form. In caseforeign body corporate etc. all documents must be attested from the Counsel General of Pakistan having jurisdiction over the member.
  7. Ballot paper has also been placed on the website of the Company www.sapphire.com.pk/sfl. Members may download the ballot paper from the website or use original/photocopy published in newspapers.

English 36x3

4

Urdu 39x3

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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 06:59:01 UTC.