Safe Mix Concrete : Extracts of resolution adopted by members during Annual General Meeting

Concrete Limited

A Listed Company in Pakistan Stock Exchange. Branch Nusrat Bhutto Colony.

EXTRACT OF RESOLUTIONS PASSED DURING THE 17th ANNUAL GENERAL MEETING OF SAFE MIX CONCRETE LIMTED HELD ON 16th OCTOBER 2023

ORDINARY BUSINESS

Agenda Item # 1

To confirm the minutes of last Annual General Meeting held on 28th October, 2022.

"RESOLVED THAT the minutes of the 16th Annual General Meeting of shareholders of Safe Mix Concrete Limited held on 28th October, 2022 be and hereby confirmed and the Chairman be and is hereby authorized to sign the minutes as token of confirmation."

Agenda Item # 2

To receive, consider and adopt the audited financial statements for the year ended 30th June 2023 together with the Reports of the Auditors' and Directors' thereon.

"RESOLVED THAT the audited annual financial statements of the Company along with the Auditors' and Directors' Reports thereon for the year ended 30th June, 2023 are hereby approved and adopted."

Agenda Item # 3

To appoint Auditors for the financial year ending 30th June, 2024 and to fix their remuneration.

"RESOLVED THAT on recommendation of Audit Committee and Board of Directors, M/s. Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants be and are hereby reappointed as the Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting and the Board of Directors be and is hereby authorized to fix the remuneration."

SPECIAL BUSINESS

Agenda Item # 4

To authorize the Board of Directors of the Company to approve those transactions with Related Parties (if executed) during the financial year ending June 30,2024 which require approval of shareholder's u/s 207 and/ or 208 of the companies Act, 2017.

"RESOLVED THAT the Board of Directors of the Company be and is hereby authorized to approve the transactions to be conducted with Related Parties on case to case basis for the financial year ending June 30,2024

Further Resolved that The transactions approved by the Board shall be deemed to have been approved by the shareholders u/s 207 and / or 208 of the companies Act, 2017 (if triggered) and shall be placed before the shareholders in the next Annual General Meeting for their formal ratification/approval u/s 207 and / or 208 of the Companies Act, 2017 (if required)

Karachi Plot # 1, Global Industry, Nusrat Bhutto Colony, North Nazimabad Karachi.

Help Line 0345 2022 473-4

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Concrete Limited

A Listed Company in Pakistan Stock Exchange. Branch Nusrat Bhutto Colony.

Agenda Item # 5

To Authorize Safe Mix Concrete Limited the "Company" to circulate its annual audited financial statements, to the members of the Company through QR enabled code and weblink, in accordance with S.R.O. 389(I)/2023 issued by the SECP, and that the practice of circulation of the annual financial statements through CD /DVD/USB may be discontinued.

"RESOLVED THAT Safe Mix Concrete Limited the "Company" is hereby authorized to circulate its annual audited financial statements, to the members of the Company through QR enabled code and weblink, in accordance with S.R.O. 389(I)/2023 issued by the SECP, and that the practice of circulation of the annual financial statements through CD /DVD/USB be discontinued

Further resolved that the Company Secretary be and is hereby authorized to do all acts, deeds and things, take or cause to be taken any action as may be necessary, incidental or consequential to give effect to this resolution."

Certified to be True Copy

Vaqas Rafi

CFO & Company Secretary

Karachi Plot # 1, Global Industry, Nusrat Bhutto Colony, North Nazimabad Karachi.

Help Line 0345 2022 473-4

Email [e-mail]