International Steels : Transmission of Annual Report for the Year Ended June 30, 2023

CORPORATE PROFILE

01

• Shareholders

72

• Empowering Industries Enriching Lives

02

• Society

75

• Company Information

06

• About the Group

07

CORPORATE GOVERNANCE

81

• Group Portfolio

12

• Board of Directors' Profile

82

• Journey and Milestones

14

• List of Other Directorships

86

• Vision, Mission and Core Values

17

• Governance Framework

87

• Strategic Objectives

19

• Board Committees

94

• Product and Services

21

• Directors' Participation in Board and Sub Committee Meetings

97

• ISL Service Centre

23

• Management Team

97

• Regional Network and Geographical Presence

24

• Report of the Board Audit Committee on Adherence to the

99

• Code of Conduct

31

Code of Corporate Governance

• Organization Chart

34

• Independent Auditors' Review Report on the Statement of

101

Compliance with Listed Companies

CHAIRMAN'S REVIEW

37

(Code of Corporate Governance) Regulations, 2019

• Chairman's Review

38

• Statement of Compliance with Listed Companies

102

• Chairman's Review (Urdu)

40

(Code of Corporate Governance) Regulations, 2019

DIRECTORS' REPORT

42

FINANCIAL HIGHLIGHTS

106

• Global Steel Scenario

42

• Analysis of Financial Statements

107

• National Economy

42

• Key Financial Indicators

111

• Business Review

43

• Six Years at a Glance

113

• Sales

43

• Du Pont Analysis

116

• Manufacturing Operations

44

• Quarterly Performance Analysis

117

• Health, Safety and Environment

44

• Statement of Value Addition

118

• Energy Management

45

• Statement of Cash Flows-Direct Method

119

• Financials

45

• Free Cash Flow

120

• Earnings Per Share

46

• VIS Credit Rating

46

FINANCIAL STATEMENTS

121

• Human Resources

46

• Independent Auditors' Report to the Members

122

• Corporate Social Responsibility

47

• Statement of Financial Position

126

• Risk Management

47

• Statement of Profit or Loss

127

• Board Composition and Remuneration

47

• Statement of Comprehensive Income

128

• Recommendation of the Board Audit

48

• Statement of Changes in Equity

129

Committee for Appointment of Auditor

• Statement of Cash Flows

130

• Dividend

48

• Notes to the Financial Statements

131

• Appropriations

48

• Contribution to National Exchequer

48

STAKEHOLDERS' INFORMATION

181

and the Economy

• Ownership

182

• Provident Fund and Gratuity Scheme

48

• Pattern of Shareholding

183

• Recognition

48

• Categories of Shareholders

183

• Future Outlook

49

• Key Shareholding

184

• Acknowledgements

49

• Shareholders Composition

185

• Directors' Report (Urdu)

53

• Share Price Trend vs Volume Traded

186

• Notice of Annual General Meeting

187

SUSTAINABILITY REPORT

55

• Notice of Annual General Meeting (Urdu)

200

• Our Relationship with the Society and

55

Community

FORMS

201

• Our Value System

57

• 10 UN GC Principles

58

• Our Stakeholders

59

• Stakeholders Communications

60

• External Associations

60

• Employees

62

• Customers

67