Page 9 - IN THE LOOP (APR-SEPT 2021)

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Annual General Meeting 2021

The 29th Annual General Meeting of Interloop Limited
was held on Friday, Oct 15, 2021, at Interloop Industrial
Park, Faisalabad. Musadaq Zulqarnain, Chairman Board of
Directors; Navid Fazil, CEO; Muhammad Maqsood,
Executive Director and Group CFO; Jahan Zeb Khan
Banth, Non-executive Director, and Tariq Iqbal Khan &
Saeed Ahmad Jabal, Independent Directors, were present
at the meeting.

Shareholder asking a question to the board

The CEO showed his complete faith in the management
and people of the company for performing well and
becoming the 2nd largest textile exporter of Pakistan, and
exhibited confidence in the team for achieving future
goals. The Group CFO dilated on the growth and
investment plans for the next 5 years to achieve Vision
Board of Directors Interloop Limited at the
Annual General Meeting 2021 2025. He added that the company in the general meeting
has approved 3% bonus shares this year along with Rs. 1
Eight resolutions were taken up by the shareholders per share as final dividend, in addition to already paid
which were all unanimously passed by them. The interim dividend of Rs. 1.5 per share, for the subject fiscal
Chairman stated that the last financial year had been a year, and this percentage will keep on increasing in the
very challenging one for the entire global economy and coming years.
like all other enterprises, Interloop also experienced
unprecedented circumstances due to local and global
supply chain challenges. He apprised the shareholders
about the superb results put up by Interloop for 2021 and
while he applauded the team for doing a great job despite
challenges, he appreciated Management’s response for
transforming the business practices and taking adequate
measures to combat COVID, safeguarding the interest &
wellbeing of its 28,000+ employees. He also admired the
people working at Interloop for their commitment, hard
work, and dedication. The Chairman extended his profound
gratitude to the shareholders for their confidence in the
company and to all stakeholders for their encouragement
and support. He also talked about rolling out Vision 2025,
with an ambitious revenue target of US$ 700 million over Musadaq Zulqarnain, Chairman Interloop Limited extending
the next 5 years, and planned investment of US$ 300 million gratitude to the shareholders for their confidence in the
for capacity expansion and backward integration projects. company, and to all stakeholders for their support

Shareholders voting on a resolution at Interloop's Annual General Meeting 2021

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