Karachi, November 20, 2012 (PPI-OT): Your attention is invited to the requirements as laid down under Listing Regulation No. 20 (l), whereby all the listed companies are required to hold their annual general meeting and lay before the said meeting, the balance sheet and profit and loss accounts within four months following the close of financial year.
It is regretted to note that the Company has failed to comply with the following requirements under the Listing Regulations of the Exchange.
1. Information of holding the Meeting of Board of Directors of the Company to consider the Annual accounts of the Company for the year ended June 30, 2012 under Listing Regulation No. 29 of the Exchange.
2. Communication of the closed period prior to the announcement of financial results and any business decision of the Company under the provisio of Regulation No. 35 (xxiii) of the Code of Corporate Governance of the Exchange.
3. Submission of financial results including recommendations of the Board of Directors of the Company as per formal of Form 3 of the Correspondence Manual of the Exchange.
4. Approval from SECP for extension in time of holding the Annual General Meeting of the Company for the said period.
You are therefore advised to submit the above immediately and explain the non-compliance falling which will be constrained to initiate action as may be deemed appropriate against your company, which please noted.
Extension in Holding of AGM for the Year Ended June 30, 3012
With reference to your letter No. KSE/GEN-8091 dated 13-November-2012, it is regretfully that we were unable to hold an Annual General Meeting of shareholders of Khyber Tobacco Company Limited (the Company) within four months of the close of the financial year of the company ended 30 June 2012.
We have applied to the Securities and Exchange Commission of Pakistan for granting us extension in time of holding of Annual General Meeting for the year ended 30 June 2012 under the Proviso to Sub-Section (1) of Section 158 of the Companies Ordinance 1984.
Copy of letter of SECP in response to our application for granting extension is enclosed herewith for your record.
For more Information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136