Loads : Publication of Notice of Ballot Paper for voting through Post Ballot

Loads Limited

PROCEDURE FOR ELECTRONIC VOTING FACILITY AND

VOTING THROUGH POSTAL BALLOT ON SPECIAL BUSINESS

This is in continuation of Extraordinary General Meeting Notice published on Tuesday, May 09, 2023.

The members are hereby notified that pursuant to Companies (Postal Ballot) Regulations, 2018 ("the Regulations") amended through Notification dated December 05, 2022, issued by the Securities and Exchange Commission of Pakistan ("SECP"), SECP has directed all the listed companies to provide the right to vote through electronic voting facility and voting by post to the members on all businesses classified as special business.

Accordingly, members of Loads Limited (the "Company") will be allowed to exercise their right to vote through electronic voting facility or voting by post for the special business in its forthcoming Extraordinary General Meeting to be held on Tuesday, May 30, 2023, at 11.30 AM, in accordance with the requirements and subject to the conditions contained in the aforesaid Regulations.

For the convenience of the Members, ballot paper is annexed to this notice and the same is also available on the Company's website at www.loads-group.pk for download.

Karachi	Babar Saleem
May 23, 2023	Company Secretary

Procedure for E - Voting:

a. Details of the e-voting facility will be shared through an e-mail with those members of the Company who have their valid CNIC numbers, cell numbers, and e-mail addresses available in the register of members of the Company by the close of business of May 23, 2023.

b. The web address, login details, will be communicated to members via email. The security codes will be communicated to members through SMS from web portal of CDC Share Registrar Services Limited (being the e-voting service provider).

1. Identity of the members intending to cast vote through e-Voting shall be authenticated through electronic signature or authentication for login.
2. E-Votinglines will start from May 25, 2023, 09:00 a.m. and shall close on May 29, 2023 at 5:00 p.m. Members can cast their votes any time during this period. Once the vote on a resolution is cast by a Member, he / she shall not be allowed to change it subsequently.

Procedure for Voting Through Postal Ballot:

The members shall ensure that duly filled and signed ballot paper, along with copy of Computerized National Identity Card (CNIC), should reach the Chairman of the meeting through post on the Company's registered address Plot No. 23, Sector 19, Korangi Industrial Area, Karachi or email at co.secy@loads- group.com one day before the Extraordinary General Meeting on March 29, 2023, during working hours. The signature on the ballot paper shall match the signature on CNIC.

Scrutinizer

In accordance with the Regulation 11 of the Regulations, the Board of the Company has appointed M/s UHY HASSAN NAEEM & CO, Chartered Accountants, a QCR rated audit firm, to act as the Scrutinizer of the Company for the special business to be transacted in the meeting and to undertake other responsibilities as defined in Regulation 11A of the Regulations.

Loads Limited

POSTAL BALLOT PAPER

for voting through post for the Special Business at the Extraordinary General Meeting to be held on Tuesday, May 30, 2023, at 11:30 a.m. at Plot No. 23, Sector 19, Korangi Industrial Area, Karachi.

Phone: [phone] Website: www.loads-group.pk.

Folio / CDS Account Number

Name of Shareholder / Proxy Holder

Registered Address

Number of shares held

CNIC/Passport No. (in case of foreigner) (copy to be attached)

Additional information and enclosures (in case of representative of body corporate, corporation, or federal Government)

Name of Authorized Signatory

CNIC/Passport No. (in case of foreigner) of Authorized Signatory (copy to be attached)

Resolution forAgenda Item No. 2

To consider and if thought fit, pass the following Special Resolution under Section 199 of the Companies Act, 2017, with or without modification(s), addition(s) or deletion(s):

RESOLVED THAT approval of the shareholders of Loads Limited ("the Company") be and is hereby accorded in terms of Section 199 of the Companies Act, 2017, Regulation No. 5(7) of Companies (Investment in Associated Companies or Associated Undertakings) Regulations 2017 and subject to the compliance with all statutory and legal requirements, for investment up to PKR 800,000,000/- (Rupees Eight Hundred Million Only) in the following manner, being subsidiaries undertakings, in the form of capital expenditures and working capital loan for a period of seven years starting from the date of approval by Shareholders.

Name of Subsidiary

Total Loan

Hi-Tech Alloy Wheels Limited (HAWL)

800,000,000

FURTHER RESOLVED THAT approval of the shareholders of Loads Limited ("the Company") be and is hereby accorded in terms of Section 199 of the Companies Act, 2017, Regulation No. 5(7) of Companies (Investment in Associated Companies or Associated Undertakings) Regulations 2017 and subject to compliance with all statutory and legal requirements, to give corporate guarantee(s) and/or to earmark its un-funded financial facilities for opening of letters of credit and guarantees to the banks/financial institutions on behalf of its subsidiaries.

RESOLVED FURTHER THAT the said resolution shall be valid starting from the date of approval by shareholders till October 31, 2024, and the Chief Executive and/or Chief Financial Officer and/or Company Secretary of the Company be and are hereby singly empowered and authorized to undertake the decision of said investments as and when required, and take all steps and actions necessary, incidental and ancillary including execution of any and all documents and agreements as may be required in this regard and to do all acts, matters, deeds and things as may be necessary or expedient for the purpose of implementing the aforesaid resolution.

Resolution forAgenda Item No. 3

To consider and if thought fit, pass the following Special Resolution with or without modification(s), addition(s) or deletion(s) for the sale of Company's land and building:

"RESOLVED THAT approval of the members of the Company be and is hereby accorded in terms of Section 183(2) and Section 183(3)(a) of the Companies Act, 2017 for the sale of Company's land situated at Plot No. 23, Sector 19, Korangi Industrial Area, Karachi, measuring 8,888.88 square yards and Building thereon."

FURTHER RESOLVED THAT the Chief Executive and the Chief Financial Officer of the Company be and are hereby jointly empowered and authorized to take all steps and actions necessary, incidental and ancillary including execution of any and all documents and agreements as may be required in this regard and to do all acts, matters, deeds and things as may be necessary or expedient for the purpose of implementing the aforesaid resolution.

Resolution for Agenda Item No. 4

To approve transmission of Annual Audited Accounts of the company to the members via QR Code and web link as allowed by Securities and Exchange Commission of Pakistan vide its Notification S.R.O. 389

1. / 2023 dated March 21, 2023 (instead of old technology which has become obsolete) for transmission through CD/DVD/USB.

"RESOLVED THAT Loads Limited (the "Company") be and is hereby authorized to circulate its annual report including annual audited financial statements, auditor's report, Directors' report, Chairman's review and other reports contained therein to the Members of the Company through QR enabled code and weblink."

Instructions for Poll

1. Please indicate your vote by ticking (√) the relevant box.
2. In case both the boxes are marked as (√), your poll shall be treated as "Rejected".

I/we hereby exercise my/our vote in respect of the above resolution through ballot by conveying my/our assent or dissent to the resolution by placing tick (√) mark in the appropriate box below;

Resolution	I/We assent to the	I/We dissent to the
	Resolution (FOR)	Resolution (AGAINST)

Resolution for Agenda Item No. 2

Resolution for Agenda Item No. 3

Resolution for Agenda Item No. 4

NOTES:

1. Duly filled ballot paper should be sent to the Chairman of Loads Limited at Plot No. 23, Sector 19 Korangi Industrial Area, Karachi or email at [e-mail]
2. Copy of CNIC/ Passport (in case of foreigner) should be enclosed with the postal ballot form.
3. Ballot paper should reach the Chairman with in business hours by or before Monday, May 29, 2023. Any postal ballot received after this date, will not be considered for voting.
4. Signature on Ballot Paper should match with signature on CNIC/ Passport. (In case of foreigner).
5. Incomplete, unsigned, incorrect, defaced, torn, mutilated, overwritten poll paper will be rejected.
6. In case of a representative of a body corporate, corporation or Federal Government, the Ballot Paper form must be accompanied by a copy of the CNIC of an authorized person, an attested copy of Board Resolution / Power of Attorney / Authorization Letter etc., in accordance with Section(s) 138 or 139 of the Companies Act, 2017 as applicable. In the case of foreign body corporate etc., all documents must be attested by the Consul General of Pakistan having jurisdiction over the member.
7. Ballot Paper form has also been placed on the website of the Company at: www.loads-group.pk. Members may download the Ballot Paper from the website or use an original/photocopy published in newspapers.

Date:

Shareholder / Proxy holder Signature/Authorized Signatory

(In case of corporate entity, please affix company stamp)