Suhail Jute Mills : Transmission of Annual Report for the Year Ended 30.06.2022

41ST

ANNUAL REPORT

2022

41st

ANNUAL REPORT

2022

CONTENTS

Company Information	01
Vision & Mission Statement	02
Notice of Annual General Meeting	03-04
Review Report of the Chairperson	05
Director's Report to the Shareholders	06-10
Pattern of Shareholding	11-12
Key Operating and Financial Data	13
Auditor's Report to the Members	14-17
Statement of Compliance with Best Practice of Corporate Governance	18
Balance Sheet	19
Profit and Loss Accounts	20
Statement of Comprehensive Income	21
Cash Flow Statement	22
Statement of Changes in Equity	23
Notes to the Accounts	24-45

SUHAIL JUTE MILLS LIMITED

01

Company Information

Chairperson

Mrs. Neelum Sohail Shaikh

Board of Directors /

Chief Executive

Sohail Farooq Shaikh

Directors

Farrukh Haroon Rashid

Mrs. Neelum Sohail Shaikh

Mrs. Sadia Mohsin

Mr. Shahmeer Shaikh

Mr. Saleem Asghar Mian

Mr. Syed Ibrahim Ahmad

Audit Committee

Chairman - Mr. Syed Ibrahim Ahmed

Member - Mrs. Neelum Sohail Shaikh

Member - Mrs.Sadia Mohsin Shaikh

HR and Remuneration Committee

Chairman - Mr. Syed Ibrahim Ahmed

Member - Mr. Sohail Farooq Shaikh

Member - Mrs.Sadia Mohsin Shaikh

Company Secretary

Farzand Ali Khan Bangash

Chief Finance Officer

Mohammad Amjad Iqbal

Share Registrar

Corplinks (Pvt) Ltd., Lahore

Auditors

Crowe Hussain Chaudhury & Co

Chartered Accountants, Islamabad

Registered Office

14-B, Civil Lines, Rawalpindi

Factory

Kabul River Railway Station

Mardan Road, Khyber Pakhtunkhwa

SUHAIL JUTE MILLS LIMITED

02

Vision

To excel in delivering highest standards quality

Jute products to customers as per

their customized needs.

Mission Statement

To transform Company into a modern and dynamic Jute Industry and to provide quality products to consumers and explore new markets to promote / extend sale of the Company's products through good governance and foster a sound and dynamic team, so as to achieve optimum profitablity

SUHAIL JUTE MILLS LIMITED

03

NOTICE OF ANNUAL GENERAL MEETING

NOTICE is hereby given that 41st Annual General Meeting of the members of Suhail Jute Mills Limited, ("the Company") is to be held on November 26, 2022 at the Registered Office of the Company, 14-B Civil Lines Rawalpindi at 15:30 PM.

ORDINARY BUSINESS

1. To confirm the minutes of Extraordinary General Meeting held on 05th October 2022.
2. To receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2022 together with the Director's and Auditor's Reports thereon.
3. To appoint Auditors of the Company for the year ending June 30, 2023 and fix their remuneration. The present auditors, Crowe Hussain Chaudhury & Co., Chartered Accountant, have consented to continue as Auditors and the Board of Directors, based on the recommendation of Audit Committee, has recommended their re-appointment as auditors of the Company, for the year ending June 30, 2023.
4. To discuss any other matter with the permission of the Chair.

By Order of the Board of Directors

Company Secretary

Rawalpindi Dated: 25th October 2022

1. The Register of members will remain closed from 18th November 2022 to

1. th November 2022 (both dates inclusive). The Members whose names appear on the Register of Members as on 17th November 2022 shall be entitled to attend and vote at the AGM.

1. A member entitled to attend speak and vote at the meeting shall also be entitled to appoint his / her proxy to attend, speak and vote instead of him/her, and a proxy so appointed shall have such rights with respect to attending, speaking and voting. The Instrument of Proxy and the Power of Attorney or other authority (if any)under which it is signed or a notarized certified copy of that Power of Attorney or authority, in order to be effective, must be received by the Company at least 48