Page 66 - InterloopAnnualReport2020

Trading in the Shares of the Pattern of Shareholding
Company
Two statements of the Pattern of Shareholding as at June
30, 2020, for Ordinary Shares & Non-Voting Ordinary Shares
Trading and holdings of Company’s shares by Directors & respectively, which are required to be disclosed under the
Executives or their spouses were notified in writing to the reporting framework, are annexed to this report.
Company Secretary along with the price, number of shares,
form of share certificates and nature of transaction which
were notified by the Company Secretary to the Board, SECP Communication
& PSX, within the stipulated time. All such holdings have
been disclosed in the Pattern of Shareholding. The Company focuses on the importance of the
communication with the shareholders. The Annual,
Adequate Internal Controls and Half-yearly and Quarterly Reports are distributed to them
within the time specified in the Companies Act, 2017. The
Monitoring activities of the Company are updated on its website at
www.interloop-pk.com, on timely basis.
The Company maintains sound internal control systems
to provide reasonable assurance against efficiency and Business Continuity Plan
effectiveness of operations, reliability of financial report and
compliance with applicable laws and regulations. Such As part of Business Continuity Plan, remote disaster
systems are monitored effectively by the Management while recovery sites have been adequately set up for maintaining
the Board Audit Committee reviews the internal control backup server and data in case our primary server
systems based on assessment of risks and reports to the encounters any issues.
Board of Directors.

Adequate Internal Financial Appointment of Statutory

Controls Auditors

M/S. Kreston Hyder Bhimji & Company, Chartered
The Board plays an important role in establishing the control Accountants has completed its tenure for the year FY
environment, including clarity of expectations regarding 2020 and retires at the conclusion of the forth coming
integrity, ethics and adherence to Codes of Conduct and Annual General Meeting. Being eligible, they have offered
creating clear accountability for performance of internal themselves for re-appointment. The Audit Committee has
control responsibilities. The Directors had laid down recommended their re-appointment as auditors of the
internal financial controls and the same were adequate and Company for the year FY 2020-21.
operating effectively.

Internal Audit and Control Health, Safety & Environment

Your Company is continuously investing substantial
The Board has set up an independent Audit Function resources to improve working conditions and maintaining
headed by a qualified person reporting to the Audit the highest standards in health, safety and environment
Committee. The scope of internal auditing within the (HSE) to ensure well-being of the people who work with us,
Company is clearly defined which broadly involves review as well as of the communities where we operate.
and evaluation of its internal control system.

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