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Karachi, January 08, 2013 (PPI-OT): Enclosed pleased find herewith Notice of the 28th Annual General Meeting of Pangrio Sugar Mills Limited (PNGRS), scheduled to be held on Wednesday, January 30, 2013 at 12:30 p.m. at the Auditorium of The Pakistan Institute of International Affairs (PIIA), Near Sidco Avenue Center, Opposite: Libra Autos CNG Pump, Maulana Deen Mohd. Wafi Road, Karachi.
Notice of Annual General Meeting
Notice is hereby given that the 28th Annual General Meeting of the Company will be held on Wednesday, January 30, 2013 at 12:30 p.m. at the Auditorium of The Pakistan Institute of International Affairs (PIIA), Near Sidco Avenue Center, Opposite, Libra Autos CNG Pump, Maulana Deen Muhammad Wafai Road, Karachi to transact the following business:
Ordinary Business:
1. To confirm the Minutes of the 27th Annual General Meeting of the Company held on January 30, 20 12.
2. To receive, consider and adopt the Annual Audited Accounts of the Company alongwith the Directors’ and Auditors’ Reports thereon for the year ended September 30, 2012.
3. To appoint Auditors of the Company for the year ending September 30, 2013 and fix their remuneration. The retiring Auditors, M/s. Rahman Sarfaraz Rahim Iqbal Rafiq, and Co. Chartered Accountants, being eligible, have offered themselves for re-appointment.
4. To transact any other business with the permission of the Chair.
Special Business
To consider and if thought fit approve the recommendations of the Board of Directors for placement of Quarterly Accounts of the Company on its website instead of circulating the same by post to the shareholders, subject to prior permission of SECP in accordance with SECP Circular No, 19 of 2004 dated 14th April, 2004, by passing following Resolution with or without modification:
“Resolved that Quarterly Accounts of the Company be placed on its website instead of circulating the same by post to the members, subject to prior permission of SECP, in accordance with SECP Circular No. 19 of 2004 dated 14th April, 2004”.
A statement as required under Section 160 (1) (b) of the Companies Ordinance, 1984 in respect of the special business to be considered at the meeting is being annexed.
Notes:
1. The Shares Transfer Books of the Company will remain closed and no transfer of shares will be accepted for registration from January 21, 2013 to January 30, 2013 (both days inclusive).
2. A member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote on his/her behalf.
Form of Proxies, in order to be valid, must be received at the Registered Office of the Company 48 hours before the scheduled time of Meeting. A Proxy must be a member of the Company.
3. Account holders and sub-account holders of CDC are requested to bring their original computerized National Identity Cards (CNIC) or Original Passports for the purpose of identification to attend the meeting.
4. Shareholders are requested to notify any change in address immediately.
5. Members having physical shares are requested to provide copy of their CNIC/Passport.
Statement Under Section 160(1)(B) of the Companies Ordinance, 1984
The statement sets out the material facts of the special business to be transacted at the 23rd Annual General Meeting of the Company to be held on January 30, 2013.
Placement of Quarterly accounts on Company’s Website
Under Section 245 of the Companies Ordinance, 1984, the listed companies are required to prepare and either transmit their Quarterly Accounts by post to the shareholders or publish the same in the daily newspapers.
As contained in SECP Circular No.19 of 2004 dated April 14, 2004, SECP has decided that the requirement of Section 245 of the Companies Ordinance, 1984 would be treated as complied with if the Quarterly Accounts are placed on the website subject to fulfilment of certain conditions as contained in the said circular including seeking the consent of its shareholders in General Meeting and obtaining prior permission of SECP for placement of Quarterly Accounts on its website.
In order to ensure timely availability of the information to the shareholders and to save the cost of printing and dispatch of Quarterly Accounts, the Board of Directors has recommended for placing the Quarterly Accounts on Company’s website instead of circulating the same by post to the shareholders, after fulfilling the requirements in this behalf.
For more information, contact:
Pangrio Sugar Mills Limited
10th Floor, Building No.1. Lakson Square,
Sarwar Shaheed Road, Karachi.
PABX: 5680151,
Fax: (92-21) 5680183