Pakistan PVC : Transmission of Annual Report for the Year Ended June 30, 2022

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59th ANNUAL REPORT

CONTENTS

Company Information --------------------------------------------------------	2
Notice of Meeting -------------------------------------------------------------	4
Objectives and Strategic Planning ------------------------------------------	7
Statement of Ethics and Business Practices -------------------------------	8
Chairman's Review -----------------------------------------------------------	9
Director's Report to the Shareholders --------------------------------------	11
Six Years at a Glance ---------------------------------------------------------	22
Financial Performance -------------------------------------------------------	23
Statement of Compliance with the Code of Corporate Governance ---	24
Auditor's Review Report on Statement of Compliance ------------------	26
Auditors' Report ---------------------------------------------------------------	27
Balance Sheet ------------------------------------------------------------------	29
Profit & Loss Account --------------------------------------------------------	30
Statement of Comprehensive Income --------------------------------------	31
Cash Flow Statement ---------------------------------------------------------	32
Statement of Changes in Equity ---------------------------------------------	33
Notes to the Accounts --------------------------------------------------------	34
Pattern of Shareholding ------------------------------------------------------	56
Form of Proxy -----------------------------------------------------------------	61

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COMPANY INFORMATION

BOARD OF DIRECTORS

CHAIRMAN

CHIEF EXECUTIVE

DIRECTORS

SECRETARY

CHIEF FINANCIAL OFFICER AUDITORS

AUDIT COMMITTEE

HUMAN RESOURCES & REMUNERATION COMMITTEE BANKERS

REGISTERED OFFICE SHARE REGISTRAR

FACTORIES

Adnan Shaffi

Arif Shaffi

Arshad Javaid

Adeel Shaffi

Saira Shaffi

Mohammad Iqbal

Mohammad Shaffi

Adeel Shaffi

Asif Shaffi
Mushtaq	&	Co.,	Chartered
Accountants
Arshad Javaid		- Chairman
Mohammad Iqbal	- Member
Mohammad Shaffi - Member
Arshad Javaid		- Chairman
Mohammad Iqbal	- Member

Mohammad Shaffi - Member

Habib Bank Limited

Muslim Commercial Bank Limited

Faysal Bank Limited

Shaffiabad, Gharo, District Thatta

CORPLINK (PVT) LTD.,

Wings Arcade, 1 - K, Commercial,

Model Town, Lahore.

Shaffiabad, Gharo, District Thatta.

Sector I - 9, Industrial Area, Islamabad.

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تامولعم یک ینپمک
	زرٹکیرئاڈ فآ ڈروب
عیفش ناندع	نیمرئیچ
عیفش فراع	وٹیکیزگیا فیچ
دیواج دشرا	زرٹکیرئاڈ
عیفش لیدع
عیفش ہرئاس
لابقا دمحم
عیفش دمحم
عیفش لیدع	یرٹیرکیس ینپمک
عیفش فصآ	رسیفآ لشنانف فیچ
سٹنٹنؤاکا ڈرٹراچ ، ینپمک ڈنیا قاتشم	زرٹیڈآ
نیمرئیچ - دیواج دشرا	یٹیمک ٹڈآ
نکر - لابقا دمحم
نکر - عیفش دمحم
نیمرئیچ - دیواج دشرا	یٹیمک ےضواعم & لئاسو یناسنا
نکر - لابقا دمحم
نکر - عیفش دمحم
ڈٹیمل کنیب بیبح	رکنیب
ڈٹیمل کنیب لشرمک ملسم
ڈٹیمل کنیب لصیف
ہھٹھٹ علض ، وراھگ ، دابآ عیفش	رتفد ہدش روظنم
ملاسا ، ایریا لیرٹسڈنا ، I - 9 رٹکیس	سفآ ڈیہ
. دابآ
CORPLINK (PVT) LTD.,	رارٹسجر صصح
Wings Arcade, 1 - K, Commercial,
Model Town, Lahore.
،ہھٹھٹ علض ، وراھگ ، دابآ عیفش	ںویرٹکیف
ملاسا ، ایریا لیرٹسڈنا ، I - 9 رٹکیس
. دابآ
+9251 - 4430317, +9251 - 4444578	نوف یلیٹ
[e-mail]	سیرڈا لیم یا
www.pakistanpvc.com	ٹئاس بیو
0001781	ربمن نشیرٹسجر ینپمک
0823852 - 9,	ربمن سکیٹ لنشین
07 - 01 - 3900 - 005 - 64	ربمن سکیٹ زلیس&
یرٹیرکیس ینپمک	روا ددم یک تلایصفت یک ےطبار ےک صخش
+9251 - 4444578 - نوف یلیٹ	ےئل ےک تایاکش راک ہیامرس ےک گنلڈنیہ
	دزمان

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PAKISTAN PVC LIMITED

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the 59th Annual General Meeting of the Company will be held on Friday, October 21, 2022 at the registered office of the company at Pakistan PVC Limited, Shaffiabad, Gharo, District Thatta at 9.00 a.m. to transact the following business.

ORDINARY BUSINESS

1. To confirm the minutes of the 58th Annual General Meeting of the company held on October 22, 2021.
2. To receive, consider and adopt the audited accounts of the company for the year ended June 30, 2022 together with the reports of the Director's and Auditors' thereon.
3. To appoint auditors of the company for the year ending June 30, 2023 and fix their remuneration.

ANY OTHER BUSINESS

1. To transact any other business of the company with the permission of the chair.

Islamabad: September 16, 2022

By Order of the Board

(ADEEL SHAFFI)

Company Secretary

Notes:

1. Share transfer Books of the Company shall remain closed from October 16, 2022 to October 21, 2022 (both days inclusive)
2. A member entitled to attend and vote in the meeting is authorized to appoint any other person a proxy to attend, speak and vote for him or her.
3. Any individual Beneficial Owner of CDC, entitled to vote at this meeting must bring his/her original NIC with him/her to prove his/her identity, and in case of proxy, a copy of shareholders attested NIC must be attached with the proxy form and shall authenticate his/her identity by showing his/her original National Identity Card (NIC) or passport at the time of attending the meeting. Representatives of corporate members should bring the usual documents required for such purpose.
4. In order to valid, an instrument of proxy and the power of Attorney or other authority (if any) under which it is signed, or a notarized certified copy of such power or Authority, must be reached at the Registered Office of the Company not less than 72 hours before the time of the Meeting.
5. As per Section 242 of the Companies Act, 2017 enacting from May 31, 2017, SECP Circular No. 18/2017, a listed company, is required to pay cash dividend to shareholders ONLY through electronic mode directly into the bank account designated by the entitled shareholders.
   Therefore In compliance with the said law, in order to receive your future dividends directly in your bank account, you are required to provide the information mentioned on the Form placed on the Company's website www.pakistanpvc.com and send the same to your brokers/Central Depository