KOHINOOR ENERGY LIMITED ANNUAL
REPORT
2021-2022
www.kel.com.pk
CONTENTS
CORPORATE INFORMATION | 02 |
NOTICE OF ANNUAL GENERAL MEETING | 03 |
CHAIRMAN'S REVIEW | 04 |
DIRECTORS' REPORT | 06 |
FINANCIAL DATA | 18 |
PERFORMANCE OVERVIEW | 19 |
STATEMENT OF COMPLIANCE | 20 |
REVIEW REPORT TO THE MEMBERS | 22 |
AUDITORS' REPORT TO THE MEMBERS | 23 |
STATEMENT OF FINANCIAL POSITION | 26 |
STATEMENT PROFIT OR LOSS ACCOUNT AND OTHER COMPREHENSIVE INCOME | 28 |
STATEMENT OF CASH FLOWS | 29 |
STATEMENT OF CHANGES IN EQUITY | 30 |
NOTES TO AND FORMING PART | 31 |
PATTERN OF SHAREHOLDING | 76 |
PROXY FORM | 81 |
02 | | Kohinoor Energy Limited | Annual Report 2022 |
CORPORATE INFORMATION
Board of Directors | Bankers |
Mr. M. Naseem Saigol | Standard Chartered Bank [Pakistan] Limited |
Chairman / Non-Executive | Bank Alfalah Limited |
Mr. Muhammad Zeid Yousuf Saigol | Askari Bank Limited |
Chief Executive Officer | AL Baraka Bank (Pakistan) Limited |
Mr. Muhammad Murad Saigol | Habib Bank Limited |
Executive Director | MCB Bank Limited |
Syed Manzar Hassan | Faysal Bank Limited |
Non-Executive | Bank Islami Pakistan Limited |
Mr. Muhammad Omer Farooq | National Bank of Pakistan |
Independent | Dubai Islamic Bank Pakistan Limited |
Ms. Sadaf Kashif | |
Independent | Registered Office |
Mr. Faisal Riaz | 301, 3RD Floor, Green Trust Tower, |
Independent | Blue Area Islamabad, Pakistan. |
Tel : +92-51-2813021-2 | |
Company Secretary | Fax : +92-51-2813023 |
Mr. Muhammad Asif | |
Project/Head Office | |
Audit Committee | Post Office Raja Jang, Near Tablighi Ijtima, |
Mr. Muhammad Omer Farooq | Raiwind Bypass, Lahore, Pakistan. |
Chairman | Tel : +92-42-35392317 |
Syed Manzar Hassan | Fax : +92-42-35393415-7 |
Ms. Sadaf Kashif | |
Shares Registrar | |
HR & Remuneration Committee | M/S. Corplink (Pvt.) Ltd. |
Mr. Faisal Riaz | Wings Arcade, 1-K,Commercial, Model Town, |
Chairman | Lahore, Pakistan. |
Mr. Muhammad Zeid Yousuf Saigol | Tel : +92-42-35839182, 35887262, 35916719 |
Syed Manzar Hassan | Fax : +92-42-35869037 |
Management | Lahore Office |
Mr. Muhammad Zeid Yousuf Saigol | PEL Factory, 14-KM Ferozepur Road, |
Chief Executive Officer | Lahore, Postcode 54760, Pakistan. |
Mr. Ghazanfar Ali Zaidi | Tel : +92-42-35920117-8 |
General Manager Technical | |
Mr. Muhammad Ashraf | Company Registration No. |
Chief Financial Officer | 0032461 of 1993-94 |
Auditors | Company NTN |
A. F. Ferguson & Co. | 0656788-6 |
Chartered Accountants | |
Website | |
Legal Advisor | www.kel.com.pk |
LMA | Ebrahim Hosain |
Annual Report 2022 | Kohinoor Energy Limited | | 03 |
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the 29th Annual General Meeting of shareholders of Kohinoor Energy Limited will be held on October 24, 2022 (Monday) at 01:00 P.M. at Islamabad Club, Islamabad to transact the following business:
- To confirm minutes of the Annual General Meeting held on October 26, 2021.
- To receive and adopt the Annual Audited Accounts of the Company for the financial year ended June 30, 2022 alongwith Directors' and Auditors' Reports thereon.
- To approve three interim dividends already paid @52.5% i.e. Rs. 5.25 per share, @77.5% i.e. Rs.
- per share and @27.5% i.e. Rs. 2.75 per share making a total dividend @ 157.5% i.e. Rs.
- per share for the financial year 2021-22.
- To appoint Auditors to hold office till the conclusion of the next Annual General Meeting and to fix their remuneration.
- Any other business with the permission of the Chair.
By the order of the Board
proxy. Proxies of the Members through CDC shall be accompanied with attested copies of their CNIC. In case of corporate entity, the Board's Resolution/power of attorney with specimen signature shall be furnished along with proxy form to the Company. The members through CDC are requested to bring original CNIC, A/C No. and Participant ID to produce at the time of attending the meeting.
- As per Circular No. 10 of 2014 dated May 21, 2014, issued by the SECP the members holding aggregate ten percent or more shareholding residing in geographical location may participate in the meeting through video conference. In this regard a prescribed form is available at https://kel.com.pk/page-investor- information.
- As per Section 72 of the Companies Act, 2017 every listed company is required to replace its physical shares into book-entry form (CDC). Therefore, the shareholders having physical shares are requested to convert the shares into book-entry (CDC).
Lahore: | (Muhammad Asif) |
September 15, 2022 | Company Secretary |
Notes:
- The share transfer books of the Company will remain closed from October 18, 2022 to October 24, 2022 (both days inclusive). Transfers received at our Share Registrar Office M/S CORPLINK (PVT) LIMITED situated at Wings Arcade, 1-K, Commercial, Model Town, Lahore upto the close of business hours on October 17, 2022 will be treated in time for determination of entitlement to attend and vote at the meeting.
- A member eligible to attend and vote at this meeting may appoint his / her proxy to attend and vote instead of him/her. Proxies in order to be effective must reach the Company's Head office situated at Near Tablighi Ijtima, Raiwind Bypass, Lahore, not less than 48 hours before the time for holding the meeting. A member shall not be entitled to appoint more than one
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Kohinoor Energy 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 16:25:07 UTC.
