Page 6 - ITL Oct-Dec, 2020

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Annual General Meeting

Board of Directors, Interloop Limited at the Annual General Meeting 2020

The 28 Annual General Meeting of Interloop Limited was held livelihoods, the company did not retrench any employee despite
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on Thursday, Oct 15, 2020 at Interloop Industrial Park, the fact that the business had come to a standstill. The
Faisalabad. Musadaq Zulqarnain, Chairman Board of Directors; Chairman extended his profound gratitude to the shareholders
Navid Fazil, CEO; Muhammad Maqsood, Executive Director & for their confidence in the company and to all stakeholders for
Group CFO; Jahan Zeb Khan Banth, Non - Executive Director ; their encouragement and support. He also appreciated the
and Tariq Iqbal Khan & Saeed Ahmad Jabal, Independent Management and People working at Interloop for their
Directors, were present at the meeting. Eight resolutions were commitment, hard work and dedication, especially during testing
unanimously passed by the shareholders. times due to the pandemic, and pledged that the company would

Shareholders voting on a resolution at the AGM Musadaq Zulqarnain, Chairman Interloop Limited extending his
profound gratitude to the shareholders
The Chairman stated that the last financial year had been a very continue to work diligently, with ethics & integrity, and assured
challenging one for the entire global economy due to COVID-19 that it was better equipped to face any upcoming challenges
pandemic and Pakistan was no different. Like all other enterprises, because of the expected 2 wave of COVID-19.
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Interloop also experienced unprecedented circumstances due
to local & global lockdowns. He appreciated Management’s Navid Fazil, CEO Interloop Limited updated the shareholders
response for transforming the business practices and taking about the progress of the Denim & Seamless Apparel plants. He
adequate measures to combat COVID-19, safeguarding the admired the hard work put in by the people at Interloop and looked
interest & well-being of its 21,000+ employees. To protect their forward to the shareholders for their prayers for the company.

Navid Fazil, CEO Interloop Limited updating the shareholders about the
A shareholder asking a question on company's business operations
progress of different business categories
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