Adam Sugar Mills Limited — Proxy Solicitation & Information Statement 2026

Jan 20, 2026

Adam Sugar Mills Ltd.

HEAD OFFICE: HAJI ADAM CHAMBERS. P.O. BOX 4274, ALTAF HUSSAIN ROAD. NEW CHALLI. KARACHI-PAKISTAN NTN: 0709384-5

Ref: ADAMSM-HO/G-5/016 Date: January 20, 2026

The General Manager Pakistan Stock Exchange Limited Stock Exchange Building Stock Exchange Road. I.I Chundrigar Road. KARACHI.

Subject: NOTICE OF UNDER SECTION 159(4)

Dear Sir.

We are enclosing herewith copies of the Notice under section 159(4) of the Companies Act 2017, published in Daily BUSINESS RECORDER (English) and ROZNAMA PAKISTAN (Urdu) regarding the Election of Directors at Annual General Meeting of the Company schedule to be held at 11:00 a.m on Tuesday, January 27, 2026 at The Art Council of Pakistan, M.R Kiyani Road, Karachi..

This is for information and record.

Thanking you

Very truly yours For Adam Sugar Mills Limited

(Corporate Affairs Department)

www.brecorder.com | urdu.brecorder.com

Business Recorder, Karachi
Tuesday, January 20, 2026

OF ADAM SUGAR MILLS LIMITED

ELECTION OF DIRECTORS

Notice is hereby given to the members that in pursuance of Section 159(4) of the Componies Act, 2017 the following persons have field with the Company their intention to offer themselves for election as Director of the Ann

Standard (office

(1) Mr. Ghulam Ahmed Adam

• (2) Mr. Junaid G. Adam
• [3] Mr. Omar G. Adam
• (4) Mr. Saleem Parekh
• (5) Mr. Faisal Bilal Qureshi
• (6) Mrs. Humera Diwan
• (7) Ms. Sarah Adam
• (8) Mr. Faraz Younus Bandukda

BY ORDER OF THE BOARD (Corporate Secretary)

January 20, 2026 Notes

Korachi

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Category	Number of Directors
Female	0 1
Independent Directors	02
Other Directors	04
Total Directors

The members in their discretion may cast vote to any candidate contesting election in each In the above categories, it must, however, be noted that division of votes available to each
member for a category shall be in proportion to the number of directors under such
category, which is as follow:

Sr. No.	Category	Number of Directors	Voting Rights
	Female	01	1/7
$\overline{2}$ .	Independent Directors	02	217
Other Directors 3.	04	4/7
	Total Directors	07

If the number of members who offer themselves in each category is not more than the
number of directors to be elected in each category, such member shall be elected
unopposed without voting process.

Voting through postal ballet

According to the process the contract of the magnitude of the property and the property of the property of the property of the property of the contract of the contract of the companies (Postal Ballot) Regulations, 2018 and

Draft of postal ballot at eady published with the Notice of Annual general Meeting and for
electronic voting, Login ID and password will be emailed to the registered email address. Appointment of Scrutinizer

M/s. Rahman Sarfraz Rahim Igbal Rafiq, Chartered Accountants has been appointed as
Scrutinizer for the purpose of voting in election of Directors in the meeting as per clause 11(I) of SRO 254(1)/2018.

M/s. Rahman Sarfraz Rahim Iqbal Rafiq, Chartered Accountants are statutory auditors of the company, futfilling the requirements of section 247 of the Companies Act. 2017 and a QCR rated firm from the Institute of Chartered

STATEMENT UNDER SECTION 166(3) OF THE COMPANIES ACT, 2017 REGARDING INDEPENDENT DIRECTOR

Drector to the independent Director will be selected in accordance with the applicable criteria set out for independence under Section 166 of The Companies Act 2017, Regulations issued there under and their names are liste Interest of directors:

No Director have direct or indirect interest in the above said business other than as
shareholder of the Company and that they are eligible to contest the election of directors of the Company.