Sindh Modaraba — AGM Information 2025

Oct 2, 2025

NOTICE OF ANNUAL REVIEW MEETING

Notice is hereby given that the 11th Annual Review Meeting of certificate holders of Sindh Modaraba will be held on 24th October 2025 at 10:30 A.M. at 602, Progressive Centre, 30-A, Block-6, P.E.C.H.S., Shahrah-e-Faisal,Karachi to review the performance of the Modaraba for the year ended June 30, 2025 in terms of clause 20 of the Prudential Regulations for Modaraba issued vide Circular number 4/2004 by Registrar Modaraba Companies and Modarabas.

The Board of Directors of Sindh Modaraba has approved a final cash dividend of 13.50% (Rs. 1.35 per certificate) for the year ended June 30, 2025.

Weblink & QR Code:

https://sindhmodarabaltd.com/page-financial-reports

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Karachi
October 03,2025
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M. Adnan Shakeel Company Secretary

Note:

1. The Modaraba Certificate transfer book shall remain closed from October 17, 2025 to October 24, 2025 (both days inclusive) to determine the names of Certificate Holders entitled to receive dividends and to attend the Annual Review Meeting. Transfers received in order at the registrar's office of the Modaraba up to the close of the business on October 16, 2025 will be treated in time for the entitlement of profit distribution and to attend Annual Review Meeting.

2. The certificate holders are advised to notify to the registrar of Sindh Modaraba, any change in their addresses.

3. CDC certificate holders desiring to attend the meeting are requested to bring their original CNIC, Account, and Participant's ID number, for identification purpose.

4. Since the members'/certificate holders of the Modaraba have approved the transmission/ circulation of the annual audited financial statements via QR-enabled code and Weblink in its last Annual Review Meeting, the Modaraba has provided above the QR code and Weblink to facilitate its members'/certificate holders.

5. Dividend income is liable to deduction of withholding tax under Section 151 of the Income Tax Ordinance, 2001. Withholding of tax on dividend are based on 'Active' and 'Non-Active' status of certificate holders where 'Active' means a person whose name appears on the Active Taxpayers List available at e-portal of FBR (http://www.fbr.gov.pk/) and 'Non-Active' means a person whose name is not being appeared on the Active Taxpayers list

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1. In case a Folio/CDS Account is jointly held, each joint-holder is to be treated separately as Active or Non-Active, In terms of the said clarification, tax of each joint-holder has been deducted on the gross dividend amount determined by bifurcating the certificate holding of each joint-holder on equal proportions, except where certificate holding proportion of joint-holder(s) is predefined as per the records of our Share Registrar and thus tax rates are applied in line with respective proportions, Those certificate holders who are holding Folio/CDS jointly: are requested to notify (in writing) any change in their certificate holding proportions to our Share Registrar (in case of physical certificate holding) or their Participants/CDC Investor Account Services so that their revised certificate holding proportions are considered by the Modaraba in all prospective dividend payouts, if any. Certificate holders seeking exemption from deduction of income tax or are eligible for deduction at a reduced rate, are requested to submit a valid tax exemption certificate or necessary documentary evidence as the case may be to the Share Registrar of Modaraba.

2. Under the provisions of Section 242 of the Companies Act, 2017, it is mandatory for a listed company to pay cash dividend to its shareholders only through electronic mode directly into bank account designated by the entitled shareholders. Therefore, all the certificate holders of Sindh Modaraba are hereby advised to provide dividend mandate of their respective banks in the "Dividend Mandate Form" available on the website of the Share Registrar. Certificate holders maintaining holding under Central Depository System (CDS) are advised to submit their bank mandate information directly to the relevant participant / CDC Investor Account Service. In the absence of bank account details or in case of incomplete details, Modaraba will be constrained to withhold the payment of cash dividend of those certificate holders who have not provided the same.

3. Certificate holders, who by any reason, could not claim their dividends or did not collect their physical Modaraba certificates, are advised to contact our Share Registrar to enquire about their unclaimed dividend or pending Modaraba certificates.

Please note that in compliance with Section 244 of the Companies Act, 2017, after having completed the stipulated procedure, all dividends unclaimed for a period of three years from the date due and payable shall be deposited to the credit of the Federal Government /SECP and in case of shares, shall be delivered to the Securities & Exchange Commission of Pakistan (SECP).

1. As per requirement of Companies Act, 2017, all listed companies are required to replace the Certificates held in physical form with the Certificates to be issued in Book-Entry, all Certificate holders holding Certificates in physical form are requested to convert their shares in Book-Entry Form in order to comply with the provisions of the Companies Act, 2017. Certificate holders may contact the Modaraba's Share Registrar to understand the process of conversion of Certificates held in physical form, into the Book-Entry Form.

2. In view of prohibition under Section 185 of the Companies Act, 2017, the Company does not distribute gifts in any form to its members in the general meetings.

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PECHS

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