Shifa International Hospitals Limited Announces Details for Upcoming Extraordinary General Meeting

Islamabad, Shifa International Hospitals Limited has released the notice for its Extraordinary General Meeting (EOGM) scheduled to take place at the C-0 Auditorium, Sector H-8/4, Islamabad on June 15, 2024, at 1100 hours. The agenda includes confirming the minutes of the 37th Annual General Meeting, electing ten directors for a three-year term, and discussing a special resolution regarding additional investment in Shifa National Hospital Faisalabad.

The EOGM will address the confirmation of the minutes from the previous Annual General Meeting held on October 27, 2023. Additionally, the meeting will involve the election of ten directors as fixed by the board, with the current directors including Dr. Habib Ur Rahman and Dr. Manzoor H. Qazi among others, due for re-election or replacement.

According to information available from the Pakistan Stock Exchange (PSX), the special resolution under consideration involves authorizing an additional investment of Rs. 1.606 billion in the paid-up capital of Shifa National Hospital Faisalabad (Pvt.) Limited, a subsidiary, over the next three years. This resolution also covers entering agreements and making necessary regulatory filings related to this investment.

Shareholders are encouraged to participate in the EOGM physically or through video conferencing. Those opting for video participation need to register their intent and provide contact details by June 13, 2024. The share transfer books will remain closed from June 8, 2024, to June 15, 2024, for registration updates.

Further details regarding the EOGM, including proxy form submission and e-voting options, have been outlined in the notice to ensure shareholders can exercise their voting rights effectively.