Jahangir Siddiqui & Co Ltd hereby clarifies about the reports published in media (not in Daily Business Recorder) regarding its annual general meeting held on April 5, 2013 that it was not a protest by some shareholders of company but by Shunaid Qureshi and others who were out of company people.
The press release stated that at approximately 10:40am on April 5, a mob whose ringleader was Shunaid Qureshi s/o Shafi Muhammad Qureshi entered the hotel and proceeded to the area outside the company's meeting room where company's share registrar was registering shareholders.
Some members of the mob registered with the share registrar others did not. When asked for his original NIC and folio number by our share registrar, the ringleader, Shunaid refused to provide them. Shunaid simply stated in Urdu that he is Shunaid Qureshi and everyone knows him. It was explained to him that this was a requirement of law but he still did not provide the required details.
Upon checking our shareholder list as at the book closure date, we found Shunaid Qureshi is not a shareholder of the Company. We also did not receive a proxy from any other shareholder nominating Shunaid as their nominee. Therefore, Shunaid Qureshi was trespassing on the Company's meeting and his attendance of the meeting was completely unauthorised.
Many members of the mob did not register with their original CNIC while some did not register with the share registrar at all. The mob barged into the meeting approximately (30) minutes before the meeting room was open and damaged a door of the hotel. The mob included a number of people with video cameras who we do not believe were shareholders of the Company and who did not register their NIC cards and folio numbers to evidence their identity as shareholders.
As a result of the serious disturbances created by the mob and the damage to the meeting room door and other property of the hotel, the Chief Security Officer of the hotel called the Saddar Town police station. The police arrived at the meeting and they proceeded to arrest some of the persons involved in this criminal conduct including Haji Ghani Usman and his son, Asim Ghani, both shareholders of the company.
Those arrested were taken to the Saddar Police station. The police registered a First Investigation Report (FIR) against various individuals accompanying Haji Ghani Usman, Asim Ghani and Shunaid Qureshi. Many of the members of the mob caused severe disruptions during the meeting including assaulting other shareholders present which resulted in altercations between the mob and other shareholders.
Shunaid Qureshi was caught on video tearing his own shirt, presumably to garner sympathy. Photographs of Shunaid Qureshi tearing his own shirt are included with this statement. After the arrest of some of the persons responsible by the police the meeting of the Company resumed. After concluding the remaining items of the agenda the meeting ended in accordance with law.
After he was released from police custody, Haji Ghani Usman proceeded to speak to the media and give a completely distorted version of the events. The Company has taken serious notice of Haji Ghani's actions. In addition, the Company has taken serious notice of Shunaid Qureshi's actions as he was not a shareholder but a trespasser. The Company is initiating appropriate legal action against these persons.-PR
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