Transmission Engineering Industrial Limited’s Notice of Extra Ordinary General Meeting

Karachi: This is to inform you that Company is holding EOGM on 20th June, 2011to transact special business given in the Notice.

Notice of the Extraordinary General Meeting:

Notice is hereby given that the Extraordinary General Meeting of the Transmission Engineering Industrial Limited will be held at the registered office of the company at B – 14, Block- A, S.M.C.H.S. Karachi on Monday, 20th June, 2011 at 6:00 P.M. to transact the following business:

1. Ordinary Business

To confirm the minutes of the 25th Annul General Meeting was held on 25th of October, 2010.

2. Special Business

To consider and if thought fit, to pass the following special resolution with or without modification to approve the sale/disposal of investment of Rs. 20.0 million was made under section 208 of the Companies Ordinance, 1984 in the Subsidiary Company namely Transmission Motor Company (Private) Limited.

Resolved that 2, 000, 000/ number of shares be and hereby approved for sale @Rs.2/ per share to Mrs. Shamim Rizvi w/o Syed Mohammad Mian Rizvi resident of house No. 1-B, Midway Tower, Karachi.

Resolved that after disposal of Investment, the Transmission Motor Company (Private) Limited be an independent entity and its accounts after June 30, 2011 not be consolidated with the parent Company.

3. To transact any other business with permission of the chair.

Notes:

The share transfer books of the company will remain close from June 15, 2011 to June 21, 2011 (both days inclusive).Members entitled to attend and vote at the meeting may appoint another member as his her proxy to attend and vote on his / her behalf Proxies, in order to be effective, must be received by the company not later than 48 hours before the meeting. The shareholders are requested to notify any changes in their addresses. CDC Account/sub account holders are requested to bring with them their computerized NIC along with participant(s) ID number and their account numbers as the respective shareholders. In case of corporate entity, the Board of Directors resolution/ power of attorney with specimen signature be produced at the time of meeting. Kindly quote your folio number in all correspondence with the company.

A statement under section 160(1) (b) of the Ordinance is sent to the members along with the notice.

Statement under Section 160(1) (b) of the Companies Ordinance 1984:

The Board has been informed that Mrs. Shamim Rizvi w/o Syed Muhammad Mian Rizvi, resident of House No, 1-B, Frere Town, Midway Tower, Karachi approached the Company Secretary and showed her interest in buying shares of Transmission Motor Company (Private) limited. She gave her offer @ Rs. 2/ per share.

The Chairman apprised that Transmission Engineering Industries Limited had already made provision in the books of accounts to write off this investment. The Chairman recommended the decision of Board of Directors taken in their meeting held on April 28, 2011 to dispose off this investment of Rs.20.0 million @ Rs. 2/- per share to realize Rs.4,000,000/- out of this sinking investment.

For more information, contact:
Riaz Ahmed Chughtai
Company Secretary
Transmission Engineering Industrial Limited
B-14, Block-A, S.M.C. H. S. Karachi-74400, Pakistan,
Tel: +9221 111 000 862
Fax: +9221 34556245
Email: info@transmission.eng,com
URL: www.transmission.eng.com