Karachi: Enclosed please find herewith the Notice of the meeting of the Board of Directors to be held on September 29, 2011 which is self explanatory.
Al-Abid Silk Mills Limited
Notice of the Meeting of the Board of Directors
Notice is hereby given that the Meeting of the Board of Directors of the Company will be held on Thursday, September 29, 2011 at 11.00 a.m. at the Registered Office of the Company at A – 39, S.I.T.E., Manghopir Road, Karachi to transact the following business:
1. To confirm the Minutes of the last Meeting of the Board of Directors.
2. To ratify and approve the Resolutions passed through Circulation.
3. To consider and approve the draft annul audited financial statements for the year ended June 30, 2011 together with the Auditors’ and Directors’ Reports thereon and to authorize the Chief Executive and Director of the Company to sign the financial statements.
4. To consider, finalize and approve the draft Statement of Compliance with the Code of Corporate Governance and Auditors Review Report to the Members on the Statement of compliance with Best Practices of Code of Corporate Governance on the Financial Statements for the year ended June 30, 2011.
5. To ratify the write off and addition/disposal of assets made during the financial year ended June 30, 2011.
6. To consider and approve recommendation of the Audit Committee for appointment of statutory auditors and their remuneration for the year ending June 30, 2012.
7. To discuss Dividend for the year ended June 30, 2011.
8. To consider and approve payment of the remuneration to the Chief Executive and Director of’ the Company and provision of certain perquisites to them.
9. To discuss and fix the date, time and place of forthcoming Annual General Meeting of the Shareholders of the Company together with date of closure of Shares Transfer Book.
10. To transact any other business that may be placed before the meeting with the permission of the Chair.
Enclosed please find herewith Notice of Close Period as per Code of Corporate Governance for your information.
Board Meeting – Closed Period
Please refer to the Notice dated 22.09.2011 for the Board Meeting to be held on 29.09.2011.
As per Clause XXVI of the Code of Corporate Governance the closed period may be noted from 22.09.2011 to 29.09.2011 both days inclusive.
For more information, contact:
S.M. Jawed Azam
Company Secretary
Al-Abid Silk Mills Limited
A/39, S.I.T.E., Manghopir Road, Karachi
P.O. Box: 3677 S.I.T.E., Karachi
Tel: 92-21 2560040-48
Fax: 92-21 2564718
Email: mall@alabid.com
Web: www.alabid.com