PRESERVATION OF BOOKS AND PAPERS OF AMALGAMATED COMPANY - BOARD RESOLUTION

"WHEREAS amalgamation of M/s. Husein Sugar Mills Limited and M/s. Styles & trends (Pvt) Limited has
now been completed with the Company;

AND WHEREAS all formalities of amalgamation including incorporation of accounts are now completed in
all respects;

NOW THEREFORE it is resolved that the books and papers of both the above amalgamated companies,
that is, M/s. Husein Sugar Mills Limited and M/s. Styles & trends (Pvt)Limited, be and are hereby preserved
separately under the responsibility of the Secretary of the Company who should ensure not to dispose of
any paper, book, voucher or record without the prior permission of the Central Government in this regard."

Immediately after having the copy of the order of the Court, the board meeting shall be called
with an agenda to carry out the scheme of merger, in the light of order of the Court, including
the following:-

a. To read out the order of the Court highlighting its features requiring action by the
Company.
b. To take over the assets of the Company A and preferably constitute a committee to
carry out this action.
c. To recommend the increase of the authorized capital as a result of merger.
d. To instruct the Accounts Department to prepare the books of account by incorporating
the transactions relating to Company A.
e. To work out the stamp duty payable on transfer to the company, the assets of company
A and accord approval for payment.
f. To issue instructions to the company secretary to complete all actions on the part of the
company in accordance with the letter and spirit of the Court order and the Scheme of
merger,
 Form 3
 Form 7
 Revised MOA filled with SECP
 Form 6 of 3 Directors
 Form 4 of HSM to SECP
RESOLVED THAT

a) pursuant to the order dated February 19, 2019 passed by the Hon’ble High Court of Lahore and in
accordance with the Scheme of Merger of Styles & Trends (Pvt) Ltd with Husein Sugar Mills Limited approved
by the said order, 972,120 shares of the Company be allotted to the shareholders of Styles & Trends (Pvt) Ltd
as given below

b) the shares allotted as mentioned above be credited to the beneficiary account of the allottee as per the
instruction / request of the allottee.
c) …………………….., Directors, be and are hereby authorized jointly and/or severally to file the necessary
returns with the Registrar of companies in this connection and also to make the Listing application in respect of
the new capital issued and also to do all such things and matters as may be required in this connection.