Page 159 - InterloopAnnualReport2021

Clause V of the Memorandum of Association:

“The Authorized Capital of the company is 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, with attached
thereto respectively such preferential, deferred, qualified or special rights, privileges and conditions as
provided in the Articles of Association of the company, or in accordance with the Companies Act, 2017, and
to vary, modify or abrogate such rights, privileges and conditions, in such manner as may be permitted by
the Companies Act, 2017 and to increase and/or reduce the capital and to divide shares in the capital into
several kinds and classes and to consolidate or subdivide the shares and to issue shares for higher or lower
denominations.”

7. To ratify and approve transactions conducted with the Related Parties for the years ended June 30, 2019 to
June 30, 2021 by passing the following special resolution with or without modification:
RESOLVED THAT the transactions conducted with the Related Parties as disclosed in the note 43/47 of the
Annual Audited Financial Statements for the years ended June 30, 2019 to June 30, 2021 respectively, be and
are hereby ratified, approved and confirmed.

8. To approve potential transactions with Related Parties intended to be carried out in the financial year ending
on June 30, 2022 and to authorize the Board of Directors of the company, to carry out such Related Party
transactions at its discretion from time to time, irrespective of the composition of the Board of Directors.

The resolutions to be passed as special resolutions are as under:

RESOLVED THAT the Board of Directors of the company be and is hereby authorized to approve the
transactions to be conducted with the Related Parties on case to case basis for the financial year ending on
June 30, 2022.
FURTHER RESOLVED THAT the Board of Directors of the company may, at its discretion, approve specific
related party transactions from time to time, irrespective of the composition of the Board, and in compliance
with the company’s policy pertaining to Related Party transactions and notwithstanding any interest of the
Directors of the company in any Related Party transaction which has been noted by the shareholders.

The Statement under Section 134(3) of the Companies Act, 2017, pertaining to the special business referred
to above is being circulated to the members along with the Notice of the Meeting.

OTHER BUSINESS:

9. To transact any other business with the permission of the Chair.

By Order of the Board

Place: Faisalabad (Rana Ali Raza)
Dated: September 23, 2021 Company Secretary

Notes:

1. Closure of Share Transfer Books:
The Share Transfer Books of the company will remain closed from October 08, 2021 to October 15, 2021
(both days included). Transfer requests on prescribed format, received at the office of the Share Registrar
of the company, M/s. CDC Share Registrar Services Limited, CDC House, 99 –B, Block B, S.M.C.H.S., Main
Shahrah-e- Faisal, Karachi-74400 on or before the close of business on October 07, 2021 will be treated ‘in
time’ for the purpose of above entitlement to the transferees, and / or to attend the AGM.

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