Jahangir Siddiqui : Notice of Annual General Meeting - Newspaper clipping

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Ref: CL - 055/22

Dated: April 5, 2022

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi-74000

Subject: Dear Sir,

Notice of Annual General Meeting

This is further to our letter No. CL-046/22 dated April 04, 2022.

Jahangir Siddiqui & Co. Ltd.

20th Floor, The Centre

Plot No. 28, SB-S Abdullah Haroon Road

Saddar. Karachi - 74400, Pakistan.www.js.com

Fax: [phone]

UAN: [phone]

NTN: 0800544-3

Please find enclosed herewith copies of notice of 30th Annual General Meeting of Jahangir Siddiqui & Co. Ltd. to be held on April 27, 2022 at Karachi published in "The News" (in English) and "JANG" (in Urdu) newspapers (Karachi, Lahore and Islamabad editions) today i.e. April 05, 2022.

Please communicate the same to the TRE Certificate Holders of the Exchange accordingly.

Yours truly,Syed AuI. Hasham Company Secretary

Copy to:

Director! HOD Surveillance,

Supervision and Enforcement Department Securities and Exchange Commission of Pakistan 63, Jinnah Avenue, NIC Building

Blue Area, Islamabad

%JS

Jahangir Siddiqui & Co. Ltd.

Notice is hereby given that the 30th Annual General Meeting of Jahangir Siddiqul & Co. Ltd. (the Company") will be held at Ramada Hotel, Zulfiqar Street No. 1, Phase VIII, Defence Housing Authority, Karachi on Wednesday, April 27, 2022 at 10:00 a.m., to transact the following businesses:

ORDINARY BUSINESS

• 1. To receive, consider and adopt the audited unconsolidated and consolidated financial statements of the Company for the year ended December 31, 2021, together with the Directors' and Auditors' Reports thereon and Chairman's Review Report.

• 2. To appoint Company's Auditors and fix their remuneration. The Audit Committee and the Board of Directors have recommended the appointment of the retiring auditors, Messrs KPMG Taseer Hadi & Co., Chartered Accountants, who being eligible have offered themselves for re-appointment.

• 3. To consider and approve the payment of preferred cash dividend @ 6% p.a. to the Preference Shareholders for the year ended December 31, 2021, as recommended by the Board of Directors. It will amount to PKR 51,794,660/- for the year ended December 31, 2021, i.e. PKII 0.282739726 per preference share.

The notice of meeting has also been placed on company's website: (www.js.com)

By Order of the Board

Syed All Hasham

Company Secretary Karachi: April 05, 2022

NOTES

(I) The Company has placed the Annual Report comprising inter alia Audited Financial Statements along with

Chairman's Review Report, Directors' and Auiitors' Reports for the year ended December 31, 2021, on its website:www.js.com.

• ii) Share Transfer Book Clousre Dates:

  • (a) For Ordinary Shareholders:

    The Share Transfer Books of the Company Ehall remain closed from April 20, 2022, to April 27, 2022, (both days inclusive) for determining the enti'ienent of shareholders for attending and voting at the meeting.

    Physical transfers and deposit requests under Central Depository System received at the close of business on April 19, 2022, by the Company's Registrar i.e. CDC Share Registrar Services Limited, CDC House, 99-B, Block- B, S.M.C.H.S., main Shahrah-e-Faisal, Karachi will be treated as being in time for the purpose of attending and voting at the meeting.

  • (b) For Preference Shareholders:

    The Share Transfer Books of the Company shall remain closed from April 20, 2022, to April 27, 2022, (both days inclusive) for determining the enlitlement of preference shareholders for cash dividend (subject to approval in the general meeting).

    Physical transfers and deposit requests u:tder Cenral Depository System received at the close of business on April 19, 2022, by the Company's Registrar i.e. CDC Share Registrar Services Limited, CDC House, 99-B, Block- B, S.M.C,H.S., main Shahrah-e-Faisal, V!achi will be treated as being in time for the purpose of payment of the cash dividend (subject to approval in 'he general meeting).

• iii) A member of the Company entitled to attenJ and vote may appoint another member as his/her proxy to attend and vote instead of him/her. A proxy must be a member of the Company. Form of proxy is enclosed in English and

  Urdu languages.

• (iv) Form of proxy, in order to be valid must be pr)perly filled-in/executed and received at the Registered Office of the Company not less than 48 hours before the time of the meeting.

• (v) Beneficial owners of the shares registered in the name of Central Depository Company of Pakistan Limited (CDC) and/or their proxies will have to follow the following guidelines as laid down by the Securities and Exchange Commission of Pakistan in Circular No. 1 of 2000:

A. For Attending the Meeting

a.

In view of the threats posed by and precautions to be taken against spread of the continuing COVID-19 pandemic, the Company has also provided the facility for attending the meeting via video-link to protect the well-being of its shareholders/general IJJbliC. The members are encouraged to participate in the meeting online by following the below guidelin3s. -

b.

The members who intend to attend zinc participate in the 30th AGM of the Company through video link arrangement are requested to completu 1dOotificcilion and verification formalities i.e. to provide following

required information at the email: shi

:idertTjs.com on or before April 25, 2022.

Name of Shareholder:

CNIC No:

F"liO No:

Cell Phone

No:

Email Address:

The video link of meeting will be sent to the members on their email addresses.

Further, the members can also provide their comments/ suggestions for discussion on the agenda items of the AGM through following means:

WhatsApp [phone]

SMS +92 307 2(7163

[e-mail]

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C.

The Members who intend to attend and participate physically in the 30th AGM of the Company will be allowed to participate keeping in view the COVID-19 related SOP's issued by the Provincial and / or the Federal Government.

The Company will follow the best practices and comply with the instructions of the Government and SECP to ensure protective measures are in place for well-being of its Members.

d. In case of Individuals, the account holder and/or sub-account holder whose registration details are uploaded as per the CDC Regulations, shall authenticate his/her identity by showing his/her original CNIC or original Passport along with Participant ID number and the account number at the time of attending the Meeting.

e.

In case of corporate entity, the Board's resolution / power of attorney with specimen signature of the nominee shall be produced (unless it has been provided earlier) at the time of the Meeting.

B. For Appointing Proxies

• a. In case of individuals, the account holder and/or sub-account holder whose registration details are uploaded as per the CDC Regulations, shall submit the proxy form as per above requirements.

• b. The proxy form shall be witnessed by two persons, whose names, addresses and CNIC numbers shall be mentioned on the form.

• c. Attested copies of the CNIC or the passport of beneficial owners and the proxy shall be furnished with the proxy form.

• d. The proxy shall produce his original CNIC or original passport as may be applicable at the time of the meeting.

e.

In case of corporate entity, the Board's resolution / power of attorney with specimen signature shall be furnished (unless it has been provided earlier) along with proxy form to the Company.

(vi) Shareholders are requested to notify immediately of any change in their address to the Company's Registrar.

IMPORTANT NOTICES TO SHAREHOLDERS

Computerized National Identity Card (CNIC) of Shareholders (Mandatory)

Shareholders are requested to provide, if not already provided, copy of their valid CNIC to the Company's Independent Share Registrar at the address given herein below. A legible scanned copy of the same can also be forwarded [e-mail] along with folio number and updated address for correspondence.

Mandate for e-Dividend

Under Section 242 of the Companies Act, 2017, the listed companies are required to pay cash dividend only through electronic mode. The members are requested to provide duly filled in and signed e-dividend form available at:http://www.js.com/index.php/investorS/sharehOlders-iflfOrmatiOfl

In case of non-receipt of information, the Company will be constrained to withhold payment of dividend to shareholders. Deduction of Withholding Tax on Dividend (as applicable)

In compliance with Section 150 read with Division I of Part Ill of the First Schedule of the Income Tax Ordinance, 2001, withholding tax on dividend income will be deducted for 'filer' and 'non-filer' shareholders at 15% and 30% respectively. A 'filer' is a taxpayer whose name appears in the Active Taxpayers List (ATL) issued by the FBR from time to time and a non-filer' is a person other than a filer. To enable the Company to withhold tax at 15% for filers, all shareholders are advised to ensure that their names appear in the latest available ATL on FBR website, otherwise tax on their cash dividend will be deducted at 30% for non-filers. Withholding tax exemption from the dividend income shall only be allowed if a copy of valid tax exemption certificate is made available to the Share Registrar, CDC Share Registrar Services Limited, of the Company by the first day of book closure.

According to the FBR, withholding tax in case of joint accounts will be determined separately based on the 'Filer/ Non- Filer' status of the principal shareholder as well as the status of the joint holder(s) based on their shareholding proportions. Members that hold shares with joint shareholders are requested to provide the shareholding proportions: of the principal shareholder and the joint holder(s) in respect of shares held by them to our Share Registrar, CDC Share Registrar Services Limited, in writing. In case the required information is not provided to our Registrar it will be assumed that the shares are held in equal proportion by the principal shareholder and the joint holder(s). Electronic Transmission of Financial Statements and Notices

Pursuant to Section 223(7) of the Companies Act, 2017 the Company is allowed to send financial statements and reports to its members electronically. In this regard, members are hereby requested to convey their respective information on the Form which is available at the Company website i.e. athttp://www.js.com/ifldeX.PhP/iflVestOrS/SharehOlderS-information to ensure compliance with the above referred provision.

Please ensure that your email account has sufficient rights and space available to receive such email which may be greater than 1 MB in size. Further, it is the responsibility of the member(s) to timely update the Share Registrar of any change in his (her/its/their) registered email address at the address of Company's Share Registrar mentioned at the end of the notice

Unclaimed Dividend/Shares

Shareholders who could not collect their dividend/physical shares are advised to contact our Share Registrar to collect/enquire about their unclaimed dividend or shares, if any.

Deposit of Physical Shares into CDC Account

The shareholders having physical shareholding may open CDC sub-account with any of the brokers or investor account directly with CDC to place their physical shares into script-less form. This will facilitate them in many ways including safe custody and sale of shares, any time they want, as the trading of physical shares is not permitted as per existing regulations of the Stock Exchange. Further, Section 72 of the Act states that after the commencement of the Act from a date notified by SECP, a company having share capital, shall have shares in book-entry form only. Every existing company shall be required to replace its physical shares with book-entry form in a manner as may be specified and from the date notified by SECP, within a period not exceeding four years from the commencement of the Act. Address of Share Registrar of the Company.

CDC Share Registrar Services Limited CDC House, 99 - B, Block 'B', S.M.C.H.S., Main Shahra-e-Faisal Karachi-74400.

Tel: Customer Support Services (Toll Free) 0800-CDCPL (23275)

Fax: [phone]

Email:[e-mail] Website: www.cdcsrsl.com

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