Page 41 - Interloop Annual Report 2018-2019

GROUP STRUCTURE & STATEMENT OF COMPLIANCE

ASSOCIATE COMPANIES (WITH LISTED COMPANIES CODE OF CORPORATE
GOVERNANCE REGULATION, 2017)

Interloop Limited takes pride in its heritage. Having started its operations in 1992, it has grown into one of the world’s largest
Hosiery manufacturers. Interloop is a vertically integrated company with state of the art Spinning, Yarn Dyeing, Knitting and
Finishing facilities. IL Apparel (Private) Limited; the wholly owned subsidiary of Interloop was established in October 2018 which
handles knitwear business of the company. Name of Company : Interloop Limited
Year Ending : June 30, 2019
Subsidiary company, associated companies and undertakings, entities under common directorship and welfare trust are as
follows: The company has complied with the requirements of the Regulations in the following manner:
1. The total number of directors are Seven (7) as per the following:

a. Male : Six (6)
Percentage b. Female : One (1)
Company Names Nature of Relationship
Shareholding
2. The composition of Board is as follows:

Company's Shareholding in the Associate Category Names
Independent Directors • Tariq Iqbal Khan
• Saeed Ahmad Jabal
Subsidiary / Common
IL Apparel (Private) Limited 100%
Directorship
Other Non-Executive Directors • Musadaq Zulqarnain
Associate / Common
IL Bangla Limited 31.61% • Shereen Aftab
Directorship • Jahan Zeb Khan Banth

Associate with NIL Shareholding and Vice Executive Directors • Navid Fazil
Versa • Muhammad Maqsood

Interloop Holdings (Private) Limited 3. The directors have confirmed that none of them is serving as a director on more than five listed companies, including this
company.
Interloop Dairies Limited
4. The company has prepared a Code of Conduct and has ensured that appropriate steps have been taken to disseminate
Associate / Common it throughout the company along with its supporting policies and procedures.
Momentum Logistics (Private) Limited
Directorship
5. The Board has developed mission statement, vision & overall corporate strategy and significant policies of the company.
PrintKraft (Private) Limited A complete record of particulars of significant policies along with the dates on which they were approved or amended has
Nil been maintained.
Texlan Center (Private) Limited
6. All the powers of the Board have been duly exercised and decisions on relevant matters have been taken by Board/
shareholders as empowered by the relevant provisions of the Act and these Regulations.
Global Veneer Trading Limited
7. The meetings of the Board were presided over by the Chairman and, in his absence, by a director elected by the Board
Euro Sox Plus B.V. N/A for this purpose. The Board has complied with the requirements of Act and the Regulations with respect to frequency,
recording and circulating minutes of meeting of Board.
Interloop Welfare Trust
8. The Board of directors have a formal policy and transparent procedures for remuneration of directors in accordance with
the Act and these Regulations.

9. The company stands complied with requirements of Director training program under the CCG. Name of Directors who
obtained certificate of DTP:

• Musadaq Zulqarnain
• Navid Fazil
• Jahan Zeb Khan Banth
• Muhammad Maqsood 2018 - 19
Interloop Limited • Tariq Iqbal Khan Annual Report
Shereen Aftab
•

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