Resolution passed in annual general meeting of Jehangir Siddiqui and Company Ltd.

Karachi: Jehangir Siddiqui and Company Ltd. informed Karachi Stock Exchange about the resolution passed in annual general meeting of the company held on April 9, 2014 at Karachi. The agenda of the meeting was approval of audited annual accounts for the year ended December 31, 2013, appointing auditors and fixing remuneration and investment in right shares of Bank Islami Pakistan Limited

Further, ratification of the advisory fee payment to a director of the company during the eighteen month period ended December 31, 2012 has also been approved.

The Jahangir Siddiqui and Co. Ltd was incorporated under the Companies Ordinance, 1984 on May 4, 1991 as a public unquoted company. It is a subsidiary of the JS Group which comprises of several subsidiary companies which are involved in trading of securities, maintaining strategic investments, investment advisory, asset management, agency telecommunication, commercial business and other business. The group operates mainly in Pakistan but also provides services in United Kingdom Cayman Islands and Mauritius.

The principle activities of Jahangir Siddiqui and Co. Ltd is trading of securities, maintaining strategic investments, consultancy services, underwriting, etc. The registered office of the company is located in Karachi. The company is listed on the Karachi Stock exchange. Besides this the company is a corporate member of the Karachi and Islamabad Stock Exchanges.

The symbol “JSCL” is being used by the stock exchanges for the shares of Jahangir Siddiqui and Co. Ltd.