20000307

Gulistan Spinning Mills Ltd.

NOTICE OF ANNUAL GENERAL MEETING

"Notice is hereby given that the Annual General Meeting of the share holders of Gulistan Spinning Mills Limited will be held on 28th of March 2000 at 11:00 am at the Roof top of Finlay House, I.I. Chundrigar Road, Karachi with the following agenda":-

1) To confirm the minutes of the preceding meeting of the Share holders of the Company.

2) To receive consider and adopt the audited accounts of the company for the year ended 30.9.1999. together with the Director's and Auditor's report thereon.

3) To approve the dividend as recommended by the Directors of the company.

4) To appoint the auditors of the company for the ending 30.9.2000 and to fix their remuneration. The present auditors M/s Hameed Chaudhri & Co. being eligible offer themselves for re-appointment.

5) To elect Seven (7) Director in accordance with the Provisions of the Companies Ordinance, 1984 for a period of Three (3) years commencing from 28.03.2000 in place of retiring Directors namely.

a) Mr. Abdul Shakoor b) Mr. Naseer Ahmed

c) Mr. Tanveer Ahmed d) Mr. Mohammad Younus

e) Mr. N.R. Siddique f) Mr. Mohammad Abdullah

All retiring Directors are eligible to offer themselves for re-election as Directors of the Company. The Board of Directors in their Meeting has fixed the number of Directors to be elected as SEVEN (7).

6) Any other matter with the permission of the chairman

By order of the Board

DIRECTOR

6th March, 2000

KARACHI

(1) The register of the members of the Company will remain closed from 27-3-2000 to 2.4.2000 (both days inclusive). Dividend if approved will be paid to such members only whose names appear in the register of the members as at the close of business on 26.3.2000.

(2) Proxies in order to be effective must be received duly complete in all respects by the company at the registered office not less than 48 hours before the time for holding the meeting.

(3) Every candidate who seeks to contest the election, whether he is a retiring Director of otherwise, shall file with the company at least 14 before the meeting, a notice of his intention to offer himself for election as a Director.

(4) Share Holders are requested to notify us immediately for any change in their registered address currently available with the company.