National Pharmaceutical Industries Co. - NPMI

The Board of Directors of National Pharmaceutical Industries SAOG has pleasure to invite you to attend the Ordinary Annual General Meeting of the company to be held at 3.00 p m on Wednesday, the 22nd February 2017 at Businessman Hall, Capital Market Authority Building to discuss the following agenda:

To consider and approve the report of the Board of Directors for the financial year ended 31st December 2016.

To consider and approve the Report on Corporate Governance for the financial year ended 31st December 2016.

To consider Auditors’ report and approval of balance sheet and profit & loss account for the financial year ended 31st December 2016.

To consider and approve the proposed cash dividend to shareholders at 10% of the paid up Capital (at the rate of 10 baisa as per share).

To approve the sitting fees being availed by the members of the Board of Directors and members of the Board’s sub-committees for the financial year ended 31st December 2016 and to specify the sitting fees for the next financial year.

To bring to the attention of the Shareholders, the transactions entered into with related parties during the financial year 2016.

To consider and approve a proposal to donate amount of O.R 5000/- for the local society for the financial year ending on 31st December 2017.

To elect new members of the Board of Directors of the Company (from among the shareholders or non-shareholders) .Any person who wishes to be nominated shall complete a director's nomination form and submit it to the Company no later than Sunday 19/02/2017 .A nomination form will not be accepted after this date.

If the candidate is a shareholder, then pursuant to the articles of association of the Company he must own at least (2000) shares on the date of the meeting.

To appoint Auditors for the year ending on 31st December 2017 and approve their fees

To discuss & approve the criteria for evaluation of performance of the Board and its Member.

To appoint an independent expert to evaluate the performance of the Board for the fiscal year which end on 31st December 2017, and determine their fees

Pursuant to the Articles of Association of the Company, any shareholder has the right to appoint a proxy in writing to attend and vote on decisions taken on his behalf. The proxy must carry the authorized proxy card attached with the notice to attend the general meeting. If the shareholder is a natural person, he is required to attach with the proxy card a copy of ID for adults, passport for females and minors who don’t have an ID card, and resident cards or passports for expatriates. If the shareholder is a juristic person, the proxy card shall be signed by an authorized signatory and sealed with the company's seal and submitted together with a copy of the commercial registration certificate and authorized signatories form.

All invitees are requested to attend the meeting at least half an hour before the meeting time.

If you have any inquiries kindly contact the Mr. M.V Suresh Tel no 24449070

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