Governance – International Knitwear Limited

Board of Directors

Mr. Khalid Jamil Siddiqi
Chairman

Mr. Khalid Jamil Siddiqi joined the Board as an Independent director in October 27, 2022 and appointed as the Chairman of International Knitwear Limited on October 30, 2024.

With over 15 years experience in C-Level positions with multinational companies, across USA, UAE and Pakistan, Mr. Khalid Jamil Siddiqi has accumulated considerable experience in not only corporate management to exceed financial targets, but also in strategy, governance, team building and motivation, and business process
improvement.

After his commercial corporate responsibilities, Mr. Siddiqi decided to devote his time for professional development of Pakistani youth, and he joined The Hunar Foundation, and subsequently, the Pakistan Education Foundation, both as CEO.

While CEO of Nielsen Pakistan, the largest USA based global marketing consulting company, he received the Presidents Excellence Award for delivering globally unmatched results in the Pakistan operations, and was part of the regional and global leaderships teams.

He has held memberships and management positions at American Business Council, Pakistan Broadcasters Association, Marketing Society, Management Society, and Market Research Society.

Mr. Siddiqi continues to provide the benefit of his extensive experience through consultancy as well as free advisory focusing on local business houses, educational institutions, and other non-profits.

He is a certified Board Director, serves on the board of International Knitwear, and continues to actively follow his passions for travel, photography, and golf.

Mr. Naeem Ahmed Shafi
Chief Executive

Mr. Naeem Ahmed Shafi joined the Board as an Executive Director in June 1994 and became the Chief Executive of International Knitwear Limited on November 16, 2000.

He is a commerce graduate from University of Karachi and has vast experience in Textile and related industry. He provides guidance to the management for smooth operation of the mills, future planning and human resource. He has travelled abroad and enjoys good reputation with both Local and International customers. He has actively participated in planning for the new projects and contributed in an excellent manner for expansion & development.

He had served as an independent director on the Board of Security Leasing Corporation Limited in the past from February 2010 to January 2016. He was also the Chairman of the Audit Committee.

He is also serving as an independent director on the Board of Shahmurad Sugar Mills Limited and its Board of Audit Committee.

Mr. Waseem Ahmed Shafi
Director

Mr. Waseem Shafi joined the Board as a Non-Executive Director in June 1994 and he served as the Chairman of International Knitwear Limited from June 30 2017 to October 27 2024.

Mr. Waseem Shafi has vast and extensive experience in Textile industry.

His extensive assertion with the Textile sector has provided him with an in-dept. knowledge of the industry. Through his thorough knowledge of the industry he has contributed to the overall growth of the company.

He is actively participated in planning for the new project and bared in an excellent manner for expansion & development.

He takes and accepts challenges and takes decision in critical situation & scenarios.

Presently he is also on the Board of the following companies.

International Clothing (PVT) Limited since 1997.

BMW Travels (PVT) Limited 2018.

Mr. Javed Khan
Director/Chief Financial Officer

Mr. Javed Khan joined the Board as an Executive Director on October 7, 2011. From October 7, 2011, to December 16, 2024, he held dual responsibilities as Chief Financial Officer and Company Secretary. He currently continues to serve as the Chief Financial Officer.

Mr. Khan has been associated with the IBL Group of Companies since 1991, contributing over three decades of dedicated service.

He completed his Articleship from the Institute of Chartered Accountants of Pakistan (ICAP) and is a Fellow Member of the Institute of Corporate Secretaries of Pakistan, the Institute of Internal Auditors, and the Institute of Taxation Management. He holds a Master’s degree in Business Administration with a specialization in Finance, along with Bachelor’s degrees in Law and Commerce. Furthermore, he is a certified Director from the Institute of Chartered Accountants of Pakistan.

Mr. Khan has attended numerous financial management courses, training programs, seminars, and conferences, both locally and internationally.

With over 30 years of extensive experience in senior management roles, Mr. Khan has been instrumental in leading diverse assignments, including financial management, operational management, mergers and acquisitions, corporate and legal affairs, and taxation.

Mr. Abdullah Ahsan Saleem
Director

Mr. Abdullah Ahsan Saleem joined the Board as an Independent Director on April 19, 2023.

Mr. Adullah A. Saleem is employed at Crescent Steel and Allied Products Limited (CSAPL), a listed company, operating in the Engineering, Textile, Energy and Capital Markets sectors. He currently serves as the Business Unit Head of the Steel Division and the Head of Commercial Operations and is responsible for the Production, Quality Control and Assurance, Marketing and Sales and Supply Chain functions for the Company.

Mr. Saleem serves as a Director on the Board of CS Capital (Private) Limited, since 2021, and serves in an advisory capacity at Cresguard Systems (Private) Limited.

Mr. Saleem has completed his undergraduate education from Staffordshire University, UK with a BA (Hons) in International Business Management. He has attended executive education programs at the Lahore University of Management Sciences (LUMS), and at INSEAD, France. He is a certified Director, through the Director Education Program, by the Pakistan Institute of Corporate Governance (PICG), in November 2020.

Mr. Saleem adds value to the Board with a multi-disciplined perspective, and a strong focus on corporate governance.

Ms. Saleha Majid
Director

Ms. Saleha Majid joined the Board as an Independent Director on October 27, 2018.

Saleha Majid brings with her a multidisciplinary experience of 20 years in different capacities within the group companies.

Her major contribution is in marketing and sales where she proved her mettle in nutrition business with Mead Johnson and Searle Nutrition, for almost 15 years.

She also served as HR Business Partner for 2.5 years and is currently getting a hand on experience of QMS department in quality operations.

Saleha is a Pharmacy graduate from Karachi University and holds an MBA degree with Marketing as majors from PIM in affiliation with IBA Karachi.

Mr. Muhammad Shafi
Director

Mr. Muhammad Shafi joined the Board as a Non-Executive Director October 25, 2013.
He belongs to an industrialist family having rich experience of textile sector and grooming himself to be as an energetic young businessman.

Election Details

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the Twenty Eight (28th) Annual General Meeting of International Knitwear Limited will be held on Saturday, October 27, 2018 at 18:00 hours at F-2A/L S.I.T.E Karachi to transact the following business:

ORDINARY BUSINESS:-

1. To confirm minutes of the Annual General Meeting held on October 28, 2017.

2. To receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2018, together with the Directors’ and Auditors’ reports thereon.

3. To declare and approve final cash dividend @ 5% i.e.PKR 0.50 per share for the year ended June 30, 2018, as recommended by the Board of Directors.

4. To appoint auditors of the Company and fix their remuneration for the year ending June 30, 2019. The present auditors M/s RSM Avais Hyder Liaquat Nauman, Chartered Accountants, retire and being eligible have offered themselves for reappointment.

5. To elect seven (7) Directors of the Company as fixed by the Board pursuant to the provisions of Section 159 of the Companies Act, 2017 for a term of three (3) years commencing immediately after the conclusion of the meeting. The names of retiring Directors are as follows:

      i. Mr. Waseem Shafi
      ii. Mr. Naeem Shafi
      iii. Mr. Javed Khan
      iv. Mr. Muhammad Shafi
      v. Mr. Sajid Hussain
      vi. Mr. Arshad Ahmed
      vii. Mr. Javed Akhter Malik

6. To transact any other business with the permission of the Chair.

By Order of the Board
Karachi: October 06, 2018

Javed Khan
Company Secretary

ELECTION OF DIRECTORS:

Nomination / Notice of intention to offer himself/herself for election as a director in terms of Section 159(3) of the Companies Act, 2017, shall be filed, with the Company at the Registered Office, F-2A/L S.I.T.E, Karachi, by a member, not later than fourteen (14) days before the date of the above said meeting, along with:

Consent to act as director on Form-28 duly completed and signed by the candidate as required under section 167(1) of the Companies Act, 2017.

Candidates detailed profile along with his/her office address as required under SECP’s SRO 634(I)/2014 dated July 10, 2014.

Signed declaration to the effect that the candidate is aware of the duties and powers of directors under the Companies Act, 2017, Memorandum and Articles of Association of the Company, Rule Book of Pakistan Stock Exchange Limited, the Listed Companies (Code of Corporate Governance) Regulations, 2017 and other relevant laws and regulations.

Signed declaration to the effect that the candidate is compliant with the requirements and eligibility criteria as set out in the Companies Act, 2017 and Listed Companies (Code of Corporate Governance) Regulations, 2017 to be appointed as a Director/Independent Director of the listed Company.

Copy of valid CNIC/Passport and NTN.

Following additional documents are to be submitted by the candidate(s) intending to contest election of directors as an independent director:

Declaration under Regulation 6(2) of the Listed Companies (Code of Corporate Governance) Regulations, 2017 that the candidate qualifies the criteria of independence notified under the Companies Act, 2017; and

Undertaking on non-judicial stamp paper that the candidate meets the requirements of Regulation 4(1) of the Companies (Manner and Selection of Independent Directors) Regulations, 2018.

Shareholders

INKL LIST OF SHAREHOLDERS AS ON 30-09-2024

GENDER PAY GAP STATEMENT 2024

BOARD SIGNIFICANT POLICIES

Compliance Certificate

Compliance_Certificate 2018