Karachi October 7 2021: Unity called Annual General Meeting (AGM) to increase the authorized share capital of the Company by PKR 2 billion as per information shared by the company with its share holders.
Company's authorized share capital will increase from PKR 10,000,000,000/-. divided into 1,000,000,000 ordinary shares of PKR 10/- each, to PKR12,000,000,000, divided into 1,200,000,000 ordinary shares of PKR 10/-
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As a consequence of the said increase in the authorized share capital of the Company, the relevant changes in the Memorandum and Articles of Association of the Company, as per the draft shared with the members are hereby approved, subject to any modifications as may be required by the Securities and Exchange Commission of Pakistan and the fulfilment of all formalities / procedures required under the applicable laws.
Further resolved that the Chief Executive Officer and the Company Secretary of the Company be and are hereby, singly authorized and empowered to do all acts, deeds and things, take any or all necessary actions, including to complete all legal formalities and file all necessary documents, as may be necessary or incidental for the purpose of implementing the aforesaid resolution, as well as carry out any other act or step which may be ancillary and / or incidental to do the above and necessary to fully achieve the objects of the aforesaid resolutions.
The Annual General Meeting of Unity Foods Limited, to be held on Thursday, October 28, 2021 at 10:00 a.m. at Regent Plaza Hotel and Convention Centre, Main Shahrah-e-Faisal, Karachi.
