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Bhanero Textile Mills Limited — Proxy Solicitation & Information Statement 2026
May 25, 2026
71668_rns_2026-05-25_e6ef025b-2124-408d-8d82-7f74e2ae07a7.pdf
Proxy Solicitation & Information Statement
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Bhanero Textile Mills Limited
Notice of Extra Ordinary General Meeting
Remarks, June 15, 2005 at 04:00 pm.
Ordinary Business
To be the best of our time Extra Ordinary General Meeting of the company held on January 30, 2006.
Special Business
The Special Possession as set out in this notice, is proposed for consideration by the members of Bhanero Textile Mills Limited ("Company"), a contract for following special business:
The board of directors approved the transaction for sale of land measuring 27,575 acres by means of a resolution passed in their meeting on January 30, 2006. The board approved the account for the approval of members by trading on Extra Ordinary General Meeting ($23,600) and approving the following special resolutions:
To consider and approve the sale of land of the company by passing the following resolution as special resolution with or without modification in terms of Section 201(2) of the Companies Act, 2011 ("Act"):
Resolved That: approval of the members of Bhanero Textile Mills Limited ("Company") be set merely accorded under the provision of the 27,575 acres (not given below Act, 2011 for sale of land measuring 27,575 acres mixed at Mausa Versus 10 Hill View).
Falsified: Shorthand Retail, People's
Fate: Resolved That, approval be not a hereby accorded for allaction of the proceeds from the sale of land for managing the working capital of the company, and the amount of short-term financing of the company as approved by the board of directors of the Company, as approved by the Board of Directors of the Company, as approved by the Board of Directors of the Company, as approved by the Board of Directors of the Company, as approved by the Board of Directors of the Company, as approved by the Board of Directors of the Company.
Further Resolved That, the board of directors authorized Mr. Mohammed Salim and Mr. Mohammed Shafreen to act ready or to appoint an "Abstract" in order to sign, submit and deliver the required documents to AdR the legal formalities with the concerned authorities and to perform transaction in the most beneficial interests of shareholders and the company.
The statement of material facts in relation to aforesaid special business as required under Section 134(3) of the Act and SRS 423 (U2016) is enclosed.
The notice along with statement of material fact have been dispatched to the shareholders by post and also been placed on company website at: https://marketing.arsc.ie/
(By the order of the Board)
Konekii
Bank of the
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shafreen
B. Shaf
B. Shaf
B. Shaf
B. Shaf
of Companies
BHANERO TEXTILE MILLS LIMITED
POSTAL BALLOT PAPER
Postal Ballot Paper for voting through post to approve Special Resolution at the Extra Ordinary General Meeting to be held on Monday, 15th June, 2026 at 04:00 pm at the Registered Office of the Company located at Umer House, 23/1, Sector 23, S.M Farooq Road, Korangi Industrial Area, Karachi.
Contact details of Chairman, where ballot paper may be sent:
Business Address: The Chairman, Bhanero Textile Mills Limited at Umer House, 23/1, Sector 23, S.M Farooq Road, Korangi Industrial Area, 74900, Karachi.
Email Address: [email protected]
| Name of shareholder/joint shareholder(s): | |
|---|---|
| Registered Address: | |
| Folio / CDC Participant / Investor ID with sub- account No. | |
| Number of shares held | |
| CNIC / Passport No. (in case of foreigner) (copy to be attached) | |
| Additional Information and enclosures (In case of representative of body corporate, corporation and Federal Government) | |
| Name of Authorized Signatory: | |
| CNIC / Passport No. (in case of foreigner) of Authorized Signatory - (copy to be attached) |
I/We hereby exercise my/our vote in respect of the following Special Resolution through postal ballot by giving my/our assent or dissent by placing tick (✓) mark in the appropriate box below:
| Nature and Description of Resolutions | I/We assent to the Resolutions (FOR) | I/We dissent to the Resolutions (AGAINST) |
|---|---|---|
| “Resolved That, approval of the members of Bhanero Textile Mills Limited (“Company”) be are hereby accorded under the provision of section 183, 207(2) and 208 of Companies Act, 2017 for sale of land measuring 27.075 acres located at Mauza feroze,18 KM Main Faisalabad, Sheikhpua Road, Punjab. | ||
| Further Resolved That, approval be and is hereby accorded for utilization of the proceeds from the sale of land for managing the working capital requirement and reduction in short term borrowing of the company as approved and recommended by the board of directors of the company. | ||
| Further Resolved That, approval of the members of Bhanero Textile Mills Limited (“Company”) be are hereby accorded for the sale/transfer 27.075 acres land at arm’s length to the related party M/s Umer Farms (Pvt) Ltd under the provision of sections 183, 207-208 of the Act. | ||
| Further Resolved That, the board of directors authorized Mr. Mohammad Salim and Mr. Muhammad Shaheen to act singly or to appoint an “Attorney” in order to sign, submit and deliver the required documents to fulfil the legal formalities with the concerned authorities and execute the transaction in the most beneficial interests of shareholders and the company”. |
Notes:
- Duly filled postal ballot should be sent to the Chairman of Bhanero Textile Mills Ltd at above-mentioned postal or email address.
- Copy of CNIC/ Passport (in case of foreigner) should be enclosed with the postal ballot form.
- Postal ballot forms should reach the Chairman of the meeting within business hours on or before 14th June, 2026. Any postal ballot received after this date, will not be considered for voting.
- Signature on postal ballot should match with signature on CNIC/ Passport (in case of foreigner).
- Incomplete, unsigned, incorrect, defaced, torn, mutilated, over written ballot paper will be rejected.
- This postal Poll paper is also available for download from the website at https: www.umergroup.com Shareholders may download the ballot paper from website or use the same ballot paper published in newspapers.
Signature of Shareholder(s) / Proxy Holder(s) / Authorized Signatory
(In case of corporate entity, please affix company stamp)
Place: _____
Dated: _____
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