Page 282 - InterloopAnnualReport2020

NOTICE OF 28 ANNUAL
TH

GENERAL MEETING

Notice is hereby given that the 28th Annual General Meeting (“AGM”) of Interloop Limited (the “Company”) will be held on
Thursday, October 15, 2020 at 10:30 a.m. at the Interloop Executive Club, Interloop Industrial Park located at 7-KM Khurrianwala-
Jaranwala Road, Khurrianwala, Faisalabad, to transact the following businesses:
ORDINARY BUSINESS:
1. To confirm the minutes of the last Annual General Meeting of the Company held on October 14, 2019.

2. To receive, consider and adopt the annual unconsolidated and consolidated Audited Financial Statements of the
Company for the year ended June 30, 2020, together with the Auditors’ and Directors’ Reports thereon and Chairman’s
Review Report.

3. To approve Final Cash Dividend @ 10% [i.e. Rs. 1/Share], for the year ended June 30, 2020 as recommended by the
Board of Directors.

4. To appoint Auditors and fix their remuneration for the financial year 2020-21. The members are hereby given notice
that Audit Committee and the Board of Directors have recommended the name of retiring auditors, M/s Kreston Hyder
Bhimji & Company, Chartered Accountants for re-appointment as Auditors of the Company.
5. To elect seven (7) directors of the Company as fixed by the Board of Directors, in accordance with Section 159(1)
of the Companies Act, 2017 for a term of three (3) year commencing from October 22, 2020. Names of the retiring
directors who are eligible for re-election are given below:
1) Mr. Musadaq Zulqarnain
2) Mr. Navid Fazil
3) Mr. Jahan Zeb Khan Banth
4) Mr. Muhammad Maqsood
5) Ms. Shereen Aftab
6) Mr. Saeed Ahmad Jabal
7) Mr. Tariq Iqbal Khan

Attached to this notice being sent to the members is a Statement pertaining to the Special Business under Section 134(3) of the
Companies Act, 2017 & Statement pertaining to the Ordinary Business under 166(3) of the Companies Act, 2017.

SPECIAL BUSINESS:
6. To consider, and if thought fit, to pass, with or without modifications, the following resolution as Special Resolution,
as circulated to the members of the Company along with the notice of this AGM and duly initialed by the Company
Secretary for the purpose of identification, to set out the amendments in the Employee Stock Option Scheme (ESOS):

The text of this Special Resolution is as under:
RESOLVED THAT the amended Rules of the Employee Stock Option Scheme (ESOS) of the Company, placed in
draft form before this meeting and duly initialed by the Company Secretary for the purpose of identification, be and are
hereby approved subject to any amendments that may be required by the SECP or recommended by the Company
and approved by the SECP.
RESOLVED FURTHER THAT Mr. Navid Fazil, Director/CEO, Mr. Muhammad Maqsood, Director, and Rana Ali Raza,
Company Secretary, be and are hereby authorized singly to fulfill all legal, corporate and procedural formalities,
make amendments, modification addition or deletion and to do all necessary acts, deeds and things in connection
therewith and ancillary thereto as may be required or expedient to give effect to the spirit and intent of the above
resolution and filings with SECP along with all requisite documents, affidavits, statements etc. for recording of the
above amendments.

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