20000309

FRIENDS SPINNING MILLS LIMITED

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the 9th Annual General Meeting of the FRIENDS SPINNING MILLS LIMITED will be held at 9.00 A.M on Friday March 31, 2000 at P-48, Street No.1, Douglouspura, Faisalabad to transact the following business:-

1. To confirm the minutes of the 8th Annual General Meeting held on March 31, 1999.

2. To receive and adopt the Annual Audited Accounts for the year ended September 30, 1999 together with the Auditor's and Director's Report thereon.

3. To appoint Auditors for the year 1999-2000 and fix their remuneration. The present Auditors. M/S M. Ather & Company, Chartered Accountants, being eligible, offer themselves fore re-appointment.

4. Special Business

To consider and pass with or without modification the following special resolution under the Provisions of section 39 of the Companies Ordinance 1984.

"Resolved that subject to the approval of the Deputy Registrar of Companies Faisalabad the name of Friends Spinning Mills Ltd., be changed as Sahrish Textile Mills Ltd in view of the changed circumstances. Further resolved that the relevant clause of the Memorandum of Association and elsewhere in the Memorandum and Articles of Association. The new name be substituted with the existing name. Further resolved that the Chief Executive of the Company be and is hereby authorized to deal the legal needful in this regard and to sign and file the documents with the Deputy Registrar of Companies Faisalabad for change of name of the company.

Statement u/s 160 of the Companies Ordinance 1984

The directors of the Company are of The view that in the changed circumstances the name of the Company be changed to enable the Company to establish its own goodwill in the market. The directors of the Company do not have or had any special interest in this change.

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

Faisalabad

By Order of the Board of Directors

Muhammad Anwar

Company Secretary

March 09, 2000

NOTES:

i) The Share Transfer Books of the Company shall remain closed from March 25, 2000 to March 31, 2000 (both days inclusive).

ii) A member entitled to attend, speak and vote at this meeting may appoint another member on his/her proxy to attend, speak and vote on his/her behalf. Proxies in order to be effective must be received by the company at the registered office not less then 48 hours before the meeting.

iii) The Shareholders are requested to notify change of address, if any.