Al Shaheer : Schedule 1 under the Companies (Further Issue of Shares) Regulations, 2020

Schedule 1 under

The Companies (Further Issue of Shares) Regulations, 2020.

ALSHAHEER

FOODS

Al Shaheer Corporation Limited

To be sent to the Members along with the Notice Offering Right Shares

ALSHAHEER

FOODS

ADVICE FOR INVESTORS

1. INVESTMENT IN EQUITY SECURITIES AND EQUITY RELATED SECURITIES INVOLVES A CERTAIN DEGREE OF RISKS. THE INVESTORS ARE REQUIRED TO READ THE RIGHTS SHARE OFFER DOCUMENT (HEREIN REFERRED TO AS 'OFFER DOCUMENT') AND RISK FACTORS CAREFULLY, ASSESS THEIR OWN FINANCIAL CONDITIONS AND RISK-TAKING ABILITY BEFORE MAKING THEIR INVESTMENT DECISIONS IN THIS OFFERING.
   THE RIGHT ENTITLEMENT LETTER IS TRADABLE ON THE PSX; RISKS AND REWARDS ARISING OUT OF IT SHALL BE SOLE LIABILITY OF THE INVESTORS
2. This document is issued for the purpose of providing information to the shareholders of the Company and to the public in general in relation to the rights issue of PKR 749,847,070/- consisting of 74,984,707 new ordinary shares by Al Shaheer Corporation Limited. A copy of this document has been registered with the Securities Exchange.
   This offer document is valid till April 01, 2023.

ALSHAHEER

FOODS

Al Shaheer Corporation Limited

Registered Office: Suite # G/5/5, 3" Floor, Mansoor Tower,

Block 8, Shahrah-e-Roomi, Clifton, Karachi - Pakistan

Phone [phone] Fax: [phone] Email: [e-mail]

Share Registrar

CDC Share Registrar Services Limited,

Address: Head Office: CDC House, 99 - B, Block 'B', S.M.C.H.S., Main Shahra-e-Faisal,Karachi-74400. Tel: [phone]. Fax: [phone] Email: [e-mail], Website: www.cdcsrsl.com

iii	Company Profile and History:
a	Incorporation Date	June 29, 2012
b	Date of Commencement of Business	July 01, 2012
c	Corporate Universal Identification Number	0080397
	(CUIN)
iv	Detail of Current Right Issue
a	Total issue size	74,984,707 ordinary shares of face value PKR 10/- each
b	Offer price, premium/discount if any	PKR	10/- per share (i.e. at par)
c	Total amount to be raised through right issue	PKR	749,847,070/-
d	Proportion of right offer	25% i.e. in proportion of 25 right shares for every 100 shares
		held. The new shares shall rank pari passu with existing shares
		of the Company in all respects.
v	Date of placing offer document on PSX for	Not applicable
	public comments.
vi
a	Date of Final Offer Letter	December 30, 2022
b	Date of Book Closure	Start: December 21, 2022
		End: December 27, 2022
c	Subscription amount payment dates	From: January 02, 2023
		To: January 31, 2023
d	Trading dates for Letter of Rights	From: January 02, 2023
		To: January 24, 2023
vii	Details of a relevant contact person

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ALSHAHEER

FOODS

Name of the Person	Designation	Contact	Office Address	Email Id
					Number
Wajihuddin Farooq	Company	0320-6600297	Suite # G/5/5, 3rd Floor,	[e-mail]
				Secretary		Mansoor Tower,
						Block 8, Shahrah-e-Roomi,
						Clifton, Karachi - Pakistan
Underwriters
AKD Securities		Muhammad	Chief Executive	+92 (21) 111-	602, Continental Trade	[e-mail]
Limited		Farid Alam	Officer	253-111 Ext.	Centre, Block 8, Clifton,
					695	Karachi, Pakistan
Dawood		Abdul Aziz	Chief Executive	+92 (21)	17th Floor, Saima Trade	[e-mail]
Equities		Habib	Officer	32271881	Tower-A, I.I. Chundrigarh
Limited						Road Karachi
Bankers to the Issue
Dubai Islamic		Mudasser	Unit Head	+92 333-	Hassan Chambers 2nd	mudasser.muhamm
Bank Ltd.		Muhammad	(Corporate &	2155650	Floor,DC-7,Block-7,	[e-mail]
			Azeem	Investment		Kehkashan Clifton Karachi
				Banking)		-75350, Pakistan
Habib		Abdul Rahim	Customer	+92 321-	I. I Chundrigar Road,	abdul.rahim@habib
Metropolitan			Service Manager	8979649	Alfalah Court Branch,	metro.com
Bank Limited					Karachi, Pakistan

1. Website addresses from where the offer document can be downloaded.

www.ascfoods.comhttps://www.ascfoods.com/investor-relations/

2. Undertaking from Al Shaheer Corporation Limited

"WE, KAMRAN AHMED KHALILI, THE CHIEF EXECUTIVE OFFICER, AND MUHAMMAD HAMZA PARACHA, CHIEF FINANCIAL OFFICER, CERTIFY THAT:

1. THE OFFER DOCUMENT CONTAINS ALL INFORMATION WITH REGARD TO THE ISSUER AND THE ISSUE, WHICH IS MATERIAL IN THE CONTEXT OF THE ISSUE AND NOTHING HAS BEEN CONCEALED IN THIS RESPECT;
2. THE INFORMATION CONTAINED IN THE OFFER DOCUMENT IS TRUE AND CORRECT TO THE BEST OF THEIR KNOWLEDGE AND BELIEF;
3. THE OPINIONS AND INTENTIONS EXPRESSED THEREIN ARE HONESTLY HELD;
4. THERE ARE NO OTHER FACTS, THE OMISSION OF WHICH MAKES THE OFFER DOCUMENT AS A WHOLE OR ANY PART THEREOF MISLEADING; AND
5. ALL REQUIREMENTS OF THE COMPANIES ACT, 2017, THE COMPANIES (FURTHER ISSUE OF SHARES) REGULATIONS, 2020, THE CENTRAL DEPOSITORY COMPANY AND THAT OF PSX PERTAINING TO THE RIGHT ISSUE HAVE BEEN FULFILLED."

For and on behalf of Al Shaheer Corporation Limited

Kamran Ahmed Khalili
Chief Executive Officer	Chief Financial Officer

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ALSHAHEER

FOODS

4. DISCLAIMER:

• In line with Companies Act, 2017 and Companies (Further Issue of Shares) Regula- tions, 2020, this document does not require approval of the Securities Exchange and the Securities Exchange Commission of Pakistan (SECP).
• The Securities Exchange and the SECP disclaim:

1. any liability whatsoever for any loss however arising from or in reliance upon this document to any one, arising from any reason, including, but not limited to, inaccura- cies, incompleteness and/or mistakes, for decisions and/or actions taken, based on this document.
2. any responsibility for the financial soundness of the Company and any of its schemes/projects stated herein or for the correctness of any of the statements made or opinions expressed with regards to them by the Company in this Offer document.
3. any responsibility w.r.t quality of the issue

• It is clarified that information in this Offer Document should not be construed as advice on any particular matter by the SECP and the Securities Exchange and must not be treated as a substitute for specific advice.

5. Glossary of Technical Terms & Definitions:

CDCSRSL	CDC Share Registrar Services Limited
CDC / CDCPL	Central Depository Company of Pakistan Limited
CDC Regulations	Central	Depository Company of Pakistan Limited Regulations
CDS	Central Depository System
CNIC	Computerized National Identity Card
CRO	Company Registration Office
PSX	Pakistan Stock Exchange Limited
NICOP	National Identity Card for Overseas Pakistanis
PKR	Pakistani Rupee(s)
SECP	Securities & Exchange Commission of Pakistan
CAPEX	Capital Expenditure
B. Definitions
Company / Issuer	Al Shaheer Corporation Limited.
General Public	All individual and institutional investors including both Pakistani
	(residents & non-residents) and foreign investors.
Ordinary Shares	Ordinary Shares of Al Shaheer Corporation Limited having face value
	of PKR 10/- each unless otherwise specified in the context thereof.
Size of Issue	The number of shares to be issued in this right issue / offering.
Right Issue	The right issue being carried out by the Company pursuant to
	Section 83 of the Companies Act, 2017, read with the Companies
	(Further	Issue of Shares) Regulations, 2020, involving an offer /
	invitation to the existing shareholders of the Company to subscribe to
	additional new shares in the Company.

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