Jubilee Spinning & Weaving Mills : Transmission of Annual Report for the Year Ended 30.06.2023

Annual Report 2023

Jubilee Spinning & Weaving Mills Limited

Annual Report 2023

Annual Report 2023

Contents

1. Company information ...............................................................................................................................
2. Notice of Annual General Meeting ...........................................................................................................
3. Director's Report to the Shareholders .....................................................................................................
4. Key Operating & Financial Ratios...........................................................................................................
5. Vision Statement & Mission Statement ..................................................................................................
6. Statement of compliance with the Code of Corporate Governance .......................................................
7. Review Report of the Members on Statement of Compliance with the best practices of Code of Corporate Governance ...........................................................................................................................
8. Auditors Report to the Members ............................................................................................................
9. Balance Sheet ........................................................................................................................................
10. Profit or Loss Account ..........................................................................................................................
11. Statement of Comprehensive Income ..................................................................................................
12. Statement of Changes in Equity..........................................................................................................
13. Cash Flow Statement........................................................................................................................
14. Notes to the Accounts ..........................................................................................................................
15. Pattern of Shareholding .......................................................................................................................
16. Form of Proxy ......................................................................................................................................
17. Jama Punji Advertisement....................................................................................................................

Annual Report 2023

	Company Information
Board of Directors
Mr. Shaukat Shafi	(Chairman)
Mr. Shams Rafi	(Chief Executive)
Mr. Salman Rafi

Mr. Tariq Shafi

Mr. Muhammad Akbar Khan

Mr. Adnan Amjad

Mrs. Sana Salman

Audit Committee
Mr. Adnan Amjad	(Chairman)
Mr. Shaukat Shafi	(Member)
Mrs. Sana Salman	(Member)
Company Secretary
Mr. Muhammad Zeeshan Saleem
Auditors
Riaz Ahmed & Company
Chartered Accountants
Legal Advisor	Registered Office
	503-E, Johar Town
Arain Law Associates	Lahore, Pakistan
Bankers	Mills
	B-28, Manghopir Road, S.I.T.E.
Habib Bank Limited	Karachi
National Bank of Pakistan
Soneri Bank Limited
Standard Chartered Bank (Pakistan) Limited
Habib Metropolitan Bank Limited
Faysal Bank Limited
Allied Bank Limited

Annual Report 2023

Jubilee Spinning & Weaving Mills Limited

Notice of Annual General Meeting

Notice is hereby given that the 50th Annual General Meeting of the shareholders of Jubilee Spinning & Weaving Mills Limited (the "Company") will be held on Thursday, the October 26, 2023 at 10.30 a.m. at the registered office of the company at 503-E, Johar Town, Lahore to transact the following businesses:-

Ordinary Business:

1. To receive, consider and adopt the audited financial statements of the Company for the year ended June 30, 2023 together with the Directors' and Auditors' Reports thereon.
2. To appoint Auditors of the Company and fix their remuneration.

Special Business:

3. To approve circulation of annual balance sheet and profit and loss account, auditor's report and directors report etc. (the "Annual Audited Financial Statements") to members of the company through QR enabled code and web link as allowed by Securities and Exchange Commission of Pakistan via S.R.O. 389 (I)/2023 dated March 21, 2023:

"Resolved that as notified by the Securities and Exchange Commission of Pakistan via S.R.O. 389 (I)/2023 dated March 21, 2023 circulation of annual audited financial statements to the members through QR enabled code and web link instead of transmitting the annual audited financial statement through CD/DVD/USB, be and is hereby approved'.

By Order of the Board

(M. Zeeshan Saleem)

Company Secretary

Registered Office:

503-E, Johar Town

Lahore, Pakistan:

T:[phone]

Dated: October 04, 2023

Annual Report 2023

Notes:

1. The Members' Register will remain closed from October 20, 2023 to October 26, 2023 (both days inclusive). Physical / CDC transfers received at the Registered Office of the Company by the close of business on October 19, 2023.
2. A member eligible to attend and vote in this meeting may appoint another member as proxy to attend and vote in the meeting. Proxies in order to be effective must be received by the company at the Registered Office not later than 48 hours before the time for holding the meeting. A proxy must be a member of the Company.
3. Shareholders are requested to immediately notify the change in address, if any.
4. CDC account holders will further have to follow the guidelines as laid down in circular No.1 dated January 26, 2000 issued by the Securities and Exchange Commission of Pakistan:
5. 1. For attending the meeting:
      i). In case of individuals, the account holder or sub-account holder and/or the person whose securities are in group account and their registration details are uploaded as per the Regulations, shall authenticate his/her identity by showing his original Computerized National Identity Card (CNIC) or original passport at the time of attending the meeting.
      ii). In case of corporate entity, the Board of Directors' resolution/power of attorney with specimen signatures of the nominee shall be produced (unless it has been provided earlier) at the time of the Meeting.
   2. For Appointing Proxies
      i). In case of individuals, the account holder or sub-account holder and/or the person whose securities are in group account and their registration details are uploaded as per the Regulations, shall submit the proxy form as per the above requirement.
      ii). The proxy form shall be witnessed by two persons whose names, addresses and CNIC numbers shall be mentioned on the form.
      iii). Attested copies of CNIC or the passport of the beneficial owners and the proxy shall be furnished with the proxy form.
      iv). The proxy shall produce his original CNIC or original passport at the time of the Meeting.
      v). In case of corporate entity, the Board of Directors' resolution/power of attorney with specimen signatures shall be submitted (unless it has been provided earlier) along with proxy form to the company.