Dewan Sugar Mills : Transmission of Annual Report for the Year Ended September 30,2022
January 26, 2023 at 05:43 am EST
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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.
Dewan Sugar Mills Limited is a Pakistan-based company, which is engaged in production and sale of white crystalline refined sugar, processing and trading of by-products, and other related activities and allied products. The Company operates through four segments: Sugar segment, Polypropylene segment, Board and Panel segment, and Distillery segment. The Company operates through three units namely sugar unit, distillery unit, board, and penal unit. The Company's all four manufacturing facilities units are located at Jillaniabad, Budho Talpur, Mirpur Bathoro, Thatta, Sindh, Pakistan.