Page 158 - InterloopAnnualReport2021

NOTICE OF 29 TH

ANNUAL GENERAL MEETING

Notice is hereby given that the 29th Annual General Meeting (“AGM”) of Interloop Limited (the “company”) will be
held on Friday, October 15, 2021 at 11:30 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 Extra Ordinary General Meeting (EGM) of the company held on December
10, 2020.
2. To receive, consider and adopt the Annual Audited Financial Statements of the company for the year ended
June 30, 2021, 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, 2021 as recommended
by the Board of Directors.

4. To appoint Auditors and fix their remuneration for the financial year 2021-22. 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.
SPECIAL BUSINESS:

5. To consider and approve as recommended by the Board of Directors of the company, the issue of bonus
shares in the proportion of 3 % i.e., 3 bonus shares for every 100 shares held, for the year ended June 30,
2021 and in order to give effect to the aforesaid, if thought fit, pass with or without modification the following
resolutions as Special Resolution:

RESOLVED THAT a sum of Rs. 261,659,240 be utilized out of the share premium account of the company and
applied towards issue of 26,165,924 ordinary shares of Rs. 10 each to be allotted as fully paid bonus shares
in the proportion of three (3) ordinary shares for every hundred (100) shares i.e. 3%, held by a shareholder of
the company.

FURTHER RESOLVED THAT the above bonus shares shall rank pari passu in all respects with the existing
ordinary shares of the company, as regards future dividend and in all other respects.

FURTHER RESOLVED THAT fractional entitlements of the members shall be consolidated into whole shares
and sold in the stock market and the sale proceeds shall be donated to a charitable institution as permissible
under the law.

FURTHER RESOLVED THAT the Chief Executive Officer and Secretary of the company, be and are hereby
jointly and / or severally authorized to give effect to above resolutions and to do and cause to be done all
acts, deeds and things that may be necessary, incidental or required for issue, allotment and distribution of
the said bonus shares and payment of sale proceeds of the fractional shares.

6. To consider and if thought fit to approve an increase in the Authorized Share Capital of the company and
for this purpose pass the following special resolution, with or without any amendments and to the requisite
approvals the consequent amendments in the Memorandum of Association of the company, subject to
requisite approvals, if any:
RESOLVED THAT the Authorized Share Capital of the company be and is hereby increased from Rs.
10,000,000,000 (Rupees Ten Billion only) divided into 1,000,000,000 (One Billion) ordinary shares of Rs. 10
(Rupees Ten) each to Rs. 15,000,000,000 (Rupees Fifteen Billion only) divided into 1,500,000,000 (One Billion
Five Hundred Million) ordinary shares of Rs. 10 (Rupees Ten) each ranking pari passu in every respect with the
existing ordinary shares of the company.

FURTHER RESOLVED THAT in consequence of the said increase in the Authorized Share Capital of the
company, the existing Clause V of the Memorandum of Association (MOA) of the company , be and is hereby
replaced accordingly, to read as follows;

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