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Island Textile Mills Limited’s abstract under section 218 of the companies ordinances 1984

Karachi, February 28, 2013 (PPI-OT): Pursuant to section 218 of the Companies Ordinance, 1984, the members of the Company are notified that the Board of Directors in their meeting held on 27th February 2013, has approved the amendment/ variation in term of appointment of Chief Executive Mr. Adeel Shahid Anwar and Executive Director Mr. Bilal Shahid Anwar with effect from 1st February 2013 as under:

1. Chief Executive Mr. Adeel Shahid Anwar

“Resolved that the monthly remuneration of Mr. Adeel Shahid Anwar Chief Executive would be Rs. 288,750/- (Rupees two hundred eighty eight thousand seven hundred and fifty only). The Other terms and conditions will remain unchanged.”

2. Executive Director Mr. Bilal Shahid Anwar

“Resolved that the monthly remuneration of Mr. Bilal Shahid Anwar Executive Director would be Rs. 174,500/- (Rupees one hundred seventy four thousand five hundred only). The Other terms and conditions will remain unchanged.”

For more information, contact:
Farooq Advani
Company Secretary
Island Textile Mills Limited
8, 8th Floor, Textile Plaza,
M. A. Jinnah Road, Karachi – Pakistan
E-Mail: headoffice@tatatex.com
Phones: 3242-6761-2-4
Fax: 3241-7710

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