CONTENTS

Company Information

2

The Vision Statement

3

Mission Statement

4

Notice of Annual General Meeting

5

Chairman's Review

7

Directors' Report

8

Financial Highlights

13

Statement of Compliance with Listed Companies

(Code of Corporate Governance) Regulation, 2019

14

Independent Auditor's Review Report

To the Members of Dewan Sugar Mills Limited

16

Independent Auditor's Report

to the Member of Dewan Sugar Mills Limited

17

Statement of Financial Position

21

Statement of Profit and Loss Account

22

Statement of Comprehensive Income

23

Statement of Cash Flow

24

Statement of Changes in Equity

25

Notes to the Financial Statements

26

Pattern of Share Holding

56

64

66

Form of Proxy

ANNUAL REPORT 2022

COMPANY INFORMATION

EXECUTIVE DIRECTORS

Zeeshan Ashraf - Chief Executive Officer

Ghazanfar Baber Siddiqui

NON-EXECUTIVE DIRECTORS

Syed Maqbool Ali - Chairman Board of Directors

Abdul Basit

Nida Jamil

Muhammad Ashraf

INDEPENDENT DIRECTOR

Aziz-ul-Haque

COMPANY SECRETARY

Muhammad Hanif German

CHIEF FINANCIAL OFFICER

Muhammad Ilyas Abdul Sattar

AUDITORS

Feroze Sharif Tariq & Co. - Chartered Accountants

COST AUDITORS

UHY Hassan Naeem & Co.

TAX ADVISOR

Sharif & Company - Advocates

LEGAL ADVISOR

A.K. Brohi & Company Advocates

AUDIT COMMITTEE

Chairman

Aziz-ul-Haque

Syed Maqbool Ali

Member

Abdul Basit

Member

HUMAN RESOURCE & REMUNERATION COMMITTEE MEMBERS

Aziz-ul-Haque

Chairman

Syed Maqbool Ali

Member

Abdul Basit

Member

BANKERS

MCB Bank Limited

National Bank of Pakistan

Summit Bank Limited

Meezan Bank Limited

Habib Bank Limited

Bank of Punjab Limited

Standard Chartered Bank Limited

Dubai Islamic Bank

Bank of Khyber Limited

Bank Islami Pakistan Limited

REGISTERED OFFICE:

CORPORATE OFFICE

Dewan Centre, 3-A Lalazar, Beach Hotel

Block-A, 2nd Floor

Road, Karachi-74000, Pakistan.

Finance & Trade Centre

Shahrah-e-Faisal, Karachi, Pakistan.

SHARE REGISTRAR / TRANSFER AGENT

BMF Consultants Pakistan (Pvt.) Limited

Annum Estate Building, Room No. 310 & 311,

3rd Floor, 49, Darul Aman Society.

Main Shahrah-e-Faisal, Adjacent Baloch Colony,

Karachi, Pakistan.

FACTORY

Jillaniabad, Budho Talpur,

WEBSITE

Taluka: Mirpur Bathoro

www.yousufdewan.com

District: Sujawal Sindh, Pakistan.

ANNUAL REPORT 2022

02

The Vision Statement

"The vision of Dewan Sugar Mills Limited is to become leading market

player in the Sugar Sector".

03 ANNUAL REPORT 2022

Mission Statement

The Mission of Dewan Sugar Mills Limited is to be the finest

Organization, and to conduct business responsibly

and in a straight forward way.

Our basic aim is to benefit the customers, employees

and shareholders and to fulfill our commitments to the society. Our hallmark is honesty, innovation, teamwork of our people and our ability to respond effectively to change in all aspects of life including technology, culture and environment.

We will create a work environment, which motivates, recognizes

and rewards achievements at all levels of the Organization

because

In Allah We Believe & In People We Trust

We will always conduct ourselves with integrity

and strive to be the best.

ANNUAL REPORT 2022

04

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Dewan Sugar Mills Ltd. published this content on 26 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2023 10:42:01 UTC.