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Karachi, Atlas Insurance Limited has announced the implementation of an electronic voting facility and voting through postal ballot for special business, in compliance with the Companies (Postal Ballot) Regulations, 2018. This decision comes after the directive issued by the Securities and Exchange Commission of Pakistan (SECP) to provide members with the right to vote through these alternative methods.
Members of Atlas Insurance Limited will now have the option to exercise their voting rights through electronic means and postal ballot for specific agenda items during the upcoming Extraordinary General Meeting (EOGM) scheduled for June 21, 2023, in Lahore. The detailed procedure and conditions for utilizing these voting options can be found in the aforementioned Regulations.
To facilitate members, a downloadable ballot paper is provided as an annex to the notification and is also available for download on the company’s official website, www.ail.atlas.pk.
For electronic voting, members who have their valid CNIC numbers, cell numbers, and email addresses registered with the company will receive an email with the necessary details. The web address and login credentials will be communicated via email, while security codes will be sent through SMS from the web portal of CDC Share Registrar Services Limited, the appointed e-voting service provider.
To ensure the authenticity of members opting for e-voting, their identity will be verified through electronic signature or authentication during the login process.
The e-voting lines will be open from June 18, 2023, starting at 9:00 a.m., and will close on June 20, 2023, at 5:00 p.m. Members can cast their votes at any time within this period. Once a vote on a resolution is submitted, it cannot be changed subsequently.