PARTNERS IN

PROGRESS

ANNUAL

REPORT 2022

VISION

Winning together with our customers, our ambition is to enhance local and regional footprint while delivering sustainable value to all stakeholders.

MISSION

We are determined to:

  • Strengthen our domestic market leadership position
  • Establish a footprint in new segments & regional markets
  • Achieve success through winning together with our customers driven by best cost propositions, motivated people and effective teamwork

DESCON OXYCHEM LIMITED

Contents

03

Company Information

04

Board & Management Committees

05

Principal Markets & Application Areas

06

Chairman's Review

07

Directors' Report - English

20

Directors' Report - Urdu

21

Key Operational and Financial Data

22

Auditor's Review Report on the Statement of Compliance

23

Statement of Compliance with the Listed Companies Code

26

Independent Auditor's Report on the Audit of the Financial Statements

30

Statement of Financial Position

32

Statement of Profit or Loss Account

33

Statement of Comprehensive Income

34

Statement of Changes in Equity

35

Statement of Cash Flows

36

Notes to the Financial Statements

78

Pattern of Shareholding

80

Categories of Shareholders

82

Notice of Annual General Meeting

87

Form of Proxy

02

ANNUAL REPORT 2022

Company Information

Board of Directors

Taimur Dawood

Chairman

Asif Qadir

Independent Director

Farooq Nazir

Non-Executive Director

Mehreen Dawood

Non-Executive Director

Faisal Dawood

Non-Executive Director

Ali Asrar Hossain Aga

Independent Director

Haroon Waheed

Independent Director

M. Mohsin Zia

Chief Executive Officer

Muhammad Rizwan Qaiser

Chief Financial Officer

Abdul Sohail

Company Secretary

Auditors

M/s A. F. Ferguson & Co.

Chartered Accountants

Internal Auditors

M/s KPMG Taseer Hadi & Co. Chartered Accountants

Legal Advisors

M/s Hassan & Hassan Advocates

Bankers

Allied Bank Limited

Bank Al Habib Limited

Bank Alfalah Limited

Habib Metropolitan Bank Limited The Bank of Punjab

Share Registrar

M/s Corplink (Pvt) Limited

Wings Arcade, 1-K Commercial Area, Model Town, Lahore-53000

Tel: +92 42 35887262, 35839182

Fax: +92 42 35869037

Registered Office

Descon Headquarter

18-KM Ferozepur Road

Lahore-53000 Pakistan.

Tel: +92 42 35923721-9

Plant Site

18-KM Lahore - Sheikhupura Road, Lahore, Pakistan.

Tel: +92 42 37971822-24

Fax: +92 42 3797 1834

Web Presence

Updated Company's Information

together with the latest Annual Report

can be accessed at Descon Oxychem Limited's

Website: www.desconoxychem.com

03

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Descon Oxychem Ltd. published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 15:55:05 UTC.