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Karachi, International Industries Limited (IIL) has announced the implementation of an electronic voting facility and postal ballot for special business at its upcoming Extraordinary General Meeting. This decision comes after the Securities and Exchange Commission of Pakistan (SECP) issued a notification on December 5, 2022, directing all listed companies to provide these voting options to their members.
The notification requires IIL to allow its members to exercise their right to vote through either the electronic voting facility or voting by post for any special business to be discussed during the Extraordinary General Meeting. The meeting is scheduled to take place on Tuesday, June 20, 2023, at 11:00 am.
To ensure compliance with the Companies (Postal Ballot) Regulations, IIL has established specific requirements and conditions for the utilization of the electronic voting facility and postal ballot. These guidelines will be communicated to the members along with the necessary instructions for participation.
By introducing these voting options, International Industries Limited aims to facilitate greater member participation and inclusivity in the decision-making process. The company expects the electronic voting facility and postal ballot to streamline voting procedures and provide a more efficient and convenient experience for its members.