Punjab Oil Mills : Certified copy of Special Resolution passed by shareholders

PUNJAB OIL MILLS LIMITED

An ISO 9001, 14001, 45001, FSC 22000 & Halal Certified Company

June 26, 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building,

Stock Exchange Road,

Karachi

CERTIFIED COPY OF ORDINARY AND SPECIAL RESOLUTIONS PASSED BY THE

SHAREHOLDERS

Dear Sir,

Pursuant to the provision of Regulation No. 5.6.9(b) of the Rule Book of Pakistan Stock Exchange Limited "PSX", please find enclosed herewith certified copies of Ordinary and Special Resolutions passed by the shareholders in their meeting held on June 24, 2023 for your record.

You may please inform the TRC Certificate Holders of the Exchange accordingly

Thanking you,

Yours faithfully,

for PUNJAB OIL MILLS LIMITED

____________________

Rana Shakeel Shaukat Company Secretary

Encl: As Above

Copy to:

The Executive Director

Corporate Supervision Department

Company Law Division

Securities and Exchange Commission of Pakistan

NIC Building, 63-Jinnah Avenue, Blue Area, Islamabad

Lahore Office: 19-A1, Block E11, Gulberg-III,	Islamabad office: Plot Nos. 26-28, Industrial Triangle, Kahuta Road,
Lahore 04235761585-86	Islamabad 051-4490016-18

PUNJAB OIL MILLS LIMITED

An ISO 9001, 14001, 45001, FSC 22000 & Halal Certified Company

SPECIAL BUSINESS

1. RESOLVED that the approval of members of Punjab Oil Mills Limited (the "Company") be and is hereby accorded to increase Authorized Share Capital of the Company from PKR 100,000,000/- (One Hundred Million only) divided into 10,000,000 ordinary shares of PKR 10/- each to 170,000,000/- (One Hundred Seventy Million only) divided into 17,000,000 (Seventeen Million Only) ordinary shares of PKR 10/- each, by creation of 7,000,000 additional ordinary shares of PKR 10/- each to rank pari passu in every respect with the existing ordinary share of the Company."
   "FURTHER RESOLVED that in consequence of the aforesaid increase in the authorized share capital of the Company, the existing clause V of the Memorandum of Association of the Company and Articles 4 of the Association of the Company be and are hereby substituted accordingly, to read as follows:
   Clause V of Memorandum of Association:
   "The Authorized Share Capital of the Company is PKR 170,000,000/- (One Hundred Seventy Million only) divided into 17,000,000 (Seventeen Million Only) ordinary shares of PKR 10/- each."
   Articles 4 of the Articles of Association:
   "The Authorized Share Capital of the Company is PKR 170,000,000/- (One Hundred Seventy Million only) divided into 17,000,000 (Seventeen Million Only) ordinary shares of PKR 10/- each."
   "FURTHER RESOLVED that the Chief Executive Officer and/or the Company Secretary of the Company be and are hereby authorized singly to take all necessary steps, to fulfill the legal, corporate and procedural formalities and file all necessary documents/returns as may be deemed necessary in this behalf and matters ancillary thereto."
2. "RESOLVED THAT approval of members of Punjab Oil Mills Limited (the "Company") be and is accorded that the Company may circulate its annual report including annual audited financial statements, auditor's report, Directors' report, Chairman review report and other reports contained therein to the Members of the Company through QR enabled code and web link replacing the distribution of CD/DVD/USB/Hard copies of said audited financial statements/annual report of the Company."

Company Secretary

Certified to be true copy

Punjab Oil Mills Limited

Lahore Office: 19-A1, Block E11, Gulberg-III,	Islamabad office: Plot Nos. 26-28, Industrial Triangle, Kahuta Road,
Lahore 04235761585-86	Islamabad 051-4490016-18