Karachi: In compliance with the requirements of the Listing Regulations, please find enclosed a copy of a Notice for a meeting of the Board of Directors of the Company to be held on October 8, 2011 at 1130 Hours at the registered office of the Company at which, inter alia, the Annual Audited Financial Statement for the year ending June 30, 2011 and the date, time and agenda for the next Annual General Meeting of the Company shall be considered.
The Company has declared the “Closed Period” from September 30, 2011 to October 8, 2011 as required under Clause (xxvi) of the Code of Corporate Governance contained in the Listing Regulation No. 37 of the Exchange. Accordingly, no Director, Chief Executive Officer or Executive shall directly or indirectly, deal in the shares of the Company in any manner during the Closed Period.
Please take notice that a meeting of the board have been convened and shall be held at that registered office of the Company on October 8, 2011 at 1130 Hours to consider and, if though fit and approved by the Board, pass the following resolutions:
RESOLVED that the Audited Accounts of the Company along with Auditors Report thereon for the year ending June 30, 2011 has been received and considered by the Board of Directors and the proposed Directors Report thereon be and is hereby approved and adopted by the Board of Directors and it is further resolved that the same may be placed before the shareholders of Company for consideration and adaption in the next Annual General Meeting of the Company.
RESOLVED that an Annual General Meeting of the Company be called on October 31, 2011 to satisfy the statutory requirements of the Companies Ordinance, 1984 and all steps required there under for calling and holding of such meeting including, without limitation, issuance and publication of necessary notices, be undertaken by the Chairman of the Company Mr. Humayun Gauhar (or his designated nominee(s))in furtherance of this resolution.
FURTHER RESOLVED that a Notice for the Annual General Meeting and its content in the form attached herewith (with such changes as may be considered expedient or necessary by the Chairman of the Company) as Exhibit A be and is hereby approved for issuance to the shareholders of the Company and for publication in accordance with the applicable requirements of the Companies Ordinance, 1984.
RESOLVED that the name of Salman and Co. Chartered Accountants be and is hereby approved by the Directors as the proposed Auditors of the Company for the year 2011 – 2012.
(i) Exbhit A – Proposed form of Notice of Annual General Meeting
(ii) Audited Accounts of the Company along with Auditors Report thereon for the year ending June 30, 2011
For more information, contact:
Chairmen (Board of Directors)
Guahar Engineering Limited
#2, Street 19,
Islamabad – Pakistan
Tel: (0251) 265 3242-3
Fax: 265 3318