AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Mehran Sugar Mills Limited has announced the implementation of an electronic voting facility and voting by post for special business at its upcoming Extraordinary General Meeting. This decision is in compliance with the Companies (Postal Ballot) Regulations, 2018, as amended by the Securities & Exchange Commission of Pakistan (“SECP”).
Members of Mehran Sugar Mills Limited will now have the option to exercise their voting rights through the electronic voting facility or by casting their votes through the postal ballot. The meeting is scheduled to take place on Thursday, June 22, 2023, at 03:00 p.m. The detailed procedure and conditions for utilizing these voting methods are provided in the SECP’s regulations.
To facilitate members, the ballot paper is attached to the meeting notice and is also available for download on the company’s website at www.mehransugar.com.
The procedure for e-voting is as follows:
1. Members who have valid CNIC numbers, cell numbers, and email addresses registered with the company by the close of business on June 15, 2023, will receive an email containing the details of the e-voting facility.
2. The web address, login details, and password necessary for e-voting will be communicated to members via email. The security codes will be sent to members through SMS from the web portal of CDC Share Registrar Services Limited, the designated e-voting service provider.
3. Members intending to cast their votes through e-voting will need to authenticate their identity through an electronic signature or authentication for login.
4. The e-voting lines will be open from June 17, 2023, starting at 09:15 a.m., and will close on June 21, 2023, at 5:00 p.m. Members can cast their votes anytime during this period. Once a member casts their vote on a resolution, they will not be allowed to change it subsequently.
By implementing the electronic voting facility and voting by post, Mehran Sugar Mills aims to enhance convenience and accessibility for its members, enabling them to participate actively in the decision-making process of the company’s special business.