The Karachi Stock Exchange (Guarantee) Limited’s approval for extension in period for holding annual general meeting for the year ended June 30, 2011

Karachi: Please refer to application dated September 28, 2011 of Saritow Spinning Mills Limited, (the “Company”), received in this office on September 30, 2011, seeking approval of Securities and Exchange Commission of Pakistan (“Commission”) for one month extension in period for holding of Annual General Meeting (“AGM”) and laying therein annual audited accounts for the year ended June 30, 2011.

2. In this connection, please note that in terms of sub-section (2) of section 158 of the Companies Ordinance, 1984, (the “Ordinance”), I am directed to inform you that the Commission has allowed Extension of 30 days in the period for holding of AGM and laying therein the annual audited accounts of the Company for the year ended on June 30, 2011, in terms of section 158 and 233 of the Ordinance. The Company is accordingly advised to hold its AGM latest by the extended date of November 30, 2011.

3. Please note that this approval is subject to submission of evidence with this Commission, of deposit of application fee amounting to Rs, 15,000/- and certified affidavit of the applicant.

For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136

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