20000309

ASIM TEXTILE MILLS LIMITED

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that Annual General Meeting of the share holders of Asim Textile Mills Limited will be held at 16-C, Peoples Colony, Faisalabad at 8:00 AM on Friday the March 31, 2000 to transact the following business:-

1. To confirm the minutes or the last Annual General Meeting held on March 31, 1999.

2. To receive, consider and adopt the audited accounts of the company for the year ended September 30, 1999 together with the Directors' and Auditor's reports thereon.

3. To appoint auditors for the year ending September 30, 2000 and fix their remuneration. The retiring auditors M/s. Zahid Jamil & Co., Chartered Accountants being eligible, offer themselves for rep-appointment.

4. To elect seven directors of the company for the next tenure of three years, which number is fixed by the board in accordance with the provisions of the Companies Ordinance, 1984. The retiring directors are (1) Mr. Zahid Anwar (2) Mr. Javed Naeem (3) Mr. Muhammad Ilyas (4) Haji Anwar Elahi (5) Mr. Ehsan Elahi (6) Sheikh Sultan Ahmad (7) Mr. Muhammad Hussain Zafar.

5. To transact any other business with the permission of the chair.

Dated: 07.08.2000.

BY ORDER OF THE BOARD

(COMPANY SECRETARY)

NOTES:

1). The share transfer books of the company will remain closed from 27.3.2000 to 02.4.2000 (both days inclusive).

2). A member entitled to attend and vote at the general meeting is entitled to appoint another member as proxy. Proxies in order to be effective must be received at the registered office of the company not less than 48 hours before the time for the meeting.

3). Share holders are requested to promptly notify the company of change in their address, if any.

4). Every candidate contesting for election of directors, whether he is retiring of other wise, shall file with the company, not later than fourteen days before the date of the meeting, a notice of his intention to offer himself for election as director alongwith his consent in the prescribed form, to his appointment as director of the company.