Thal : Certified True Copy of Resolutions Passed at 56th Annual General Meeting
October 20, 2022 at 05:00 am EDT
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Certified True Copy of Resolutions Passed During
56th Annual General Meeting held on October 20, 2022
Approval of Annual Financial Statements
RESOLVED THAT Audited Financial Statements for the year ended June 30, 2022 (both Unconsolidated and Consolidated Financial Statements) together with the Auditors' Reports, Chairman's Review and Directors' Report thereon be and are hereby approved and adopted.
Declaration of Final Dividend
RESOLVED THAT final cash dividend for the year ended June 30, 2022 of Rs. 2.50/- per share i.e. 50%, in addition to interim cash dividend of Rs. 5.00/- per share i.e. 100% already paid during the year, be and is hereby approved.
Appointment of External Auditors
RESOLVED THAT the retiring auditors, Messrs. EY Ford Rhodes, Chartered Accountants, be reappointed to hold office until the next Annual General Meeting at a remuneration of Rs. 3.588 million plus out of pocket expenses per annum.
Election of Directors
RESOLVED THAT the following be and are hereby elected as directors of the Company for the period of three years commencing on December 01, 2022:
Mr. Rafiq M. Habib
Mr. Mohamedali R. Habib
Mr. Imran Ali Habib
Mr. Muhammad Tayyab Ahmad Tareen
Mr. Salman Burney
Ms. Aliya Saeeda Khan
Mr. Khayam Husain
For Thal Limited
Salman Khalid
Company Secretary
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Thal Ltd. published this content on 20 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2022 08:58:59 UTC.
Thal Limited is a Pakistan-based company. The Company is engaged in the manufacture of jute goods, engineering goods, packaging, and laminate sheets. The jute operations are located at Muzaffargarh, Punjab, engineering operations at Karachi, Sindh, packaging operations at Hub, Balochistan and Gadoon, Khyber Pakhtunkhwa and laminate operations at Hub, Balochistan. The Company operates through two segments: the engineering segment and the packaging, building material & allied products segment. The Companyâs engineering segment comprises the Thermal & Engine Components Division, and Electric Systems Division. These divisions are primarily focused on the manufacturing of parts for the automotive industry. The Companyâs packaging, building material & allied products segment comprises: Jute Division, Packaging Division, and Laminates Division. The Laminates division operates under the brand name Formite in the engineered surface industry offering technical laminates and laminated boards.
THAL LIMITED 
