Sindh Abadgar Sugar Mills : Transmission of Annual Report for the Year Ended 30th September 2022

39th Annual Report

2022

SINDH ABADGAR'S SUGAR MILLS LIMITED

39th ANNUAL REPORT

2022

CONTENTS	Page
Company Profile	2
Notice of Annual General Meeting	3
Chairman's Report	5
Chairman's Report (Urdu)	6
Directors' Report	7
Directors' report (Urdu)	14
Six Years at a Glance	21
Vision / Mission Statement	22
Review Report On The Statement of Compliance Contained In Listed	23
Companies (Code of Corporate Governance) Regulations, 2019
Statement of Compliance with Listed Companies	24
(Code of Corporate Governance) Regulations, 2019
Independent Auditors' Report	26
Statement of Financial Position	31
Statement of Profit or Loss Account	32
Statement of Comprehensive Income	33
Statement of Changes in Equity	34
Statement of Cash Flow	35
Notes to the Financial Statements	36
Pattern of Shareholding	76
Form of Proxy

COMPANY PROFILE

DIRECTORS	Mr. Deoo Mal Essarani	Chairman
	Dr. Tara Chand Essarani	Chief Executive
	Mr. Mahesh Kumar	Director
	Mr. Dileep Kumar	Director
	Mr. Pehlaj Rai	Director
	Mr. Mohan Lal	Director
	Dr. Besham Kumar	Director
	Mr. Muhammad Siddiq Khokhar	Independent Director
	Mr. Zafar Ahmed Ghori	Independent Director
	Ms. Maheshwari Osha	Independent Director
CHIEF FINANCIAL OFFICER	Saqib Ghaffar
COMPANY SECRETARY	Mr. Aziz Ahmed
BANKERS	Allied Bank Limited
	Askari Bank Limited
	Bank Al-Falah Limited
	MCB Bank Limited
	Bank AL Habib Limited
	United Bank Limited
	Meezan Bank Limited
	HBL Foreign Exch. Bank
	Limited
AUDIT COMMITTEE	Mr. Zafar Ahmed Ghori	Chairman
	Mr. Pehlaj Rai	Member
	Mr. Dileep Kumar	Member
	Dr. Besham Kumar	Member
HR AND REMUNERATION	Ms. Maheshwari Osha	Chairman
COMMITTEE	Mr. Mohan Lal	Member
	Mr. Dileep Kumar	Member
AUDITORS	M/s. Rahman Sarfaraz Rahim Iqbal Rafiq
	Chartered Accountants
REGISTERED OFFICE	209, 2nd Floor, Progressive Plaza,
	Beaumont Road, Karachi-Pakistan.
MILLS	Deh: Deenpur,
	Taluka. Bulri Shah Karim,
	Distt. Tando Muhammad Khan,
	Sindh-73024.
REGISTRAR	JWAFFS Registrar Services (Pvt) Ltd.
	407- 408, Al Ameera Centre,
	Shahrah e Iraq, Saddar,
	Karachi.
EMAIL ADDRESS	[e-mail]

2

3

1. • The proxy shall produce his original CNIC or original passport at the meeting.
   • In case of corporate entity, the Board of Directors' resolution/power of attorney with specimen signature shall be submitted (unless it has been provided earlier) alongwith proxy form of the Company.
2. Change of Address
3. 
   Members are requested to notify any change in their addresses and their contact numbers immediately to our Share Registrar. M/s Jwaffs Registrar Services (Pvt.) Ltd.
4. Vote through Postal Ballot
5. 
   Members may exercise their right to vote by means of Postal Ballots i.e. by post or through electronic mode subject to requirements of section 143-145 of the Companies Act, 2017 and applicable clauses of Companies (Postal Ballot) Regulations, 2018.
6. Video Conference Facility
7. 
   Members can also avail video conference facility. In this regard please fill the following form and submit to the Registered Office of the Company seven (7) days before holding of the Annual General Meeting.
   If the Company receives consent from members holding in aggregate 10% or more shareholding residing at geographical location, to participate in the meeting through video conference at least seven (7) days prior to the date of meeting, the Company will arrange video conference facility in the city subject to availability of such facility in that city.

I/We ________________________________________ of _______________________being a member

of Sindh Abadgar's Sugar Mills Limited holder of ________________ ordinary share(s) as per Register

Folio /CDC Account No. ____________________________hereby opt for video conference facility at

__________________________________ .

Signature of Members

For any query / clarification / information, the shareholder may contact the company. And/or the Share Registrar at the following addresses:

Company Address:	Share Registrar Address:
Sindh Abadgar's Sugar Mills Limited.	M/s JWAFFS Registrar Services
(Pvt)Ltd
Suite no. 209, 2nd Floor, Progressive Plaza,	Suite # 407-408, 4th Floor, Al-Ameer,
Beaumont Road, Karachi-75530.	Centre, Shahra-e-Iraq, Sadder, Karachi.

4