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Karachi: Enclosed please find the notice of annual general meeting to be held on Tuesday October 25, 2011 at our factory situated at Plot # 368/ 4 and 5, Landhi Industrial Area, Baldia Road, Karachi published in newspapers on 03-10-2011 for circulation amongst your members,
NOTICE OF MEETING
Notice is hereby given that the 40th Annual General Meeting of the Shareholders of the Company will be held on Tuesday October 25, 2011 at 3:00 p.m. at Plot#368/4 and 5, Landhi Industrial Area, Baldia Road, Karachi to transact the following business:
ORDINARY BUSINESS
1. To confirm the minutes of the last Extra Ordinary General Meeting held on April 20, 2011.
2. To receive, consider and adopt the audited Financial Statements for the year ended June 30, 2011 along with Auditors and Directors report thereon.
3. To consider and approve the 10% Dividend as approved by the Board of Directors.
4. To appoint Auditors of the Company for the year ending June 30, 2012 and fix their remuneration.
SPECIAL BUSINESS
5. To consider, and if thought fit, to pass the following resolution as a special resolution; “Resolved that the Authorized Capital of the Company be increased to Rs. 150,000,000/- (Rupees One Hundred and fifty million) by creation of 5 million ordinary shares of Rs.10/- each” and that:
a. Clause 5 of the Memorandum of Association of the Company be and is hereby amended to read as follows:
The Share Capital of the Company is Rs. 150,000,000 (Rupees One hundred and fifty million ) divided into 15,000,000 Ordinary share of Rs.10/- each.”
b. Clause 4 of the Articles of Association of the Company be and is hereby amended to read as follows:
“the Shares Capital of the Company is Rs.150,000,000 (Rupees One hundred and fifty million) divided into 15,000,000 Ordinary shares of Rs.10/- each”.
6. To transact any other ordinary business as may be placed before the meeting with the permission of the chair.
Statement under Section 160(1) (b) of the Companies Ordinance, 1984:
This statement is annexed to the Notice of the Annual General Meeting of Shield Corporation Limited to be held on October 25, 2011 at which certain special business to be transacted. The purpose of this statement is to set forth the material facts concerning such special business.
ITEM NO 5 OF THE AGENDA
In order to issue shares in future the Board of Directors has proposes to the members of the company to approve an increase of authorized share capital of Shield Corporation Limited to rs.150,000,000/- by creation of 5 million ordinary in the special resolution to the extent that they are members of the Company .
Notes:
1. The share transfer book of the Company will remain closed from 19-10-2011 to 25-10-2011 (both days inclusive) for the purpose of determining the entitlement for the Dividend.
2. A member entitled to attend and vote at the meeting may appoint another member as his/her proxy to attend, speak and vote at the Meeting on him/her behalf. Instrument appointing Proxy must be deposited at the registered office of the Company not less than 48 hours before the time of holding the meeting.
3. Members are requested to communicate to the Company of any change of their address.
For more information, contact:
M. Zahid Kaliya
Company Secretary
Shield Corporation Limited
509, Business Avenue Block-6,
P.E.C.H.S. Shahrah-e-Faisal,
Karachi-75400, Pakistan.
Tel – (92-21) 34385003-4
Fax: (92-21) 34556344
Website: www.shield.com.pk
E-mail: mail@shiedl.com.pk