Special Resolution passed in extraordinary general meeting of Systems Limited

Karachi, Systems Limited informed Pakistan Stock Exchange that special resolution passed in extraordinary general meeting hel on December 28, 2016 at Lahore. The agenda of the meeting was the members of the Company be and is hereby approved the increase in running credit line of PKR 60 million to PKR 120 million to the Company’s subsidiary E-Processing the Company for meeting its working capital requirement at an annual markup rate of 7%. Systems Limited is a global leader of next-generation IT services and BPO solutions. Ever since its inception in 1977, the company has evolved and taken center stage in information and technology by providing computing strategies and solutions to Government and Private Organizations. With three decades of experience and IT evolution, they have accomplished above 500 projects completed in the US, Pakistan, Middle East and Africa. They excel at delivering business solutions to a huge list of clients from diverse industries that also includes several names from the Fortune 500. Their offshore facilities established in the US, UAE, UK, and Pakistan, comprise of over 2,500 customer-focused employees providing a great customer experience. Systems Limited serves to enrich their productivity by guaranteeing that their core business functions work faster, cheaper and better. Using ability to conceptualize, they design, innovate, and implement with the latest and advanced tech proficiencies, hence enabling clients to metamorphose their legacy models and take their business to the next level. The symbol “SYS” is being used by the stock exchanges for the shares Systems Limited.