Aruj Industries : Transmission of Annual Report for the Year Ended 30-06-2022

ARUJ INDUSTRIES LTD.

C O N T E N T S

VISION STATEMENT, MISSION STATEMENT	2
COMPANY PROFILE	3
NOTICE OF ANNUAL GENERAL MEETING	4
CHAIR PERSON'S REVIEW	6
DIRECTOR'S REPORT	8
KEY OPERATING AND FINANCIAL DATA	15
STATEMENT OF COMPLIANCE	16
REVIEW REPORT TO THE MEMBERS ON THE STATEMENT OF	19
COMPLIANCE WITH THE CODE OF CORPORATE GOVERNANCE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS	20
STATEMENT OF FINANCIAL POSITION	22
STATEMENT OF PROFIT OR LOSS	23
STATEMENT OF COMPREHENSIVE INCOME	24
STATEMENT OF CASH FLOWS	25
STATEMENT OF CHANGES IN EQUITY	26
NOTES TO THE ACCOUNTS	27
PATTERN OF SHAREHOLDER	47
FORM OF PROXY	51

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Annual Report 2021

VISION AND MISSION STATEMENT

THE VISION

To be the leader in interlining industry by building companies image through

Quality improvement, Customer satisfaction and by maintaining a high level of

ethical and professional standards through Optimum use of resources.

MISSION STATEMENT

1.Endeavoring to be the Market leader and international player by enhancing market share and to conduct business in the best possible manner by using high level of ethical professionalism.

2.Seeking long term and good trading relation with customers an d suppliers with fair, honest and mutually profitable dealings.

3.Building an excellent repute of our organization and to maintain high professional and ethical standards with eyes on the future.

4.Offering high quality products according to the highest international standards.

5.Continuous enhancement in shareholders' value through team work and constant improvement in performance in all operating areas in competitive business

6.Providing congenial work environment, where employees are treated with respect and dignity and work as a team of common goals.

7.Contributing to the national economy by uplifting and skills diversification of the people through fulfillment of our social responsibility

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Annual Report 2022

ARUJ INDUSTRIES LTD.

COMPANY PROFILE

BOARD OF DIRECTORS

1.	Mr. Ali Maqsood Butt	:	Chair Person
2.	Mr. Faisal Khan	:	Chief Executive
3.	Mr. SH. Ghulam Mustafa	:	Director
4.	Mrs. Durray Zara Butt	:	Director
5.	Dr. Aruj Butt	:	Director
6.	Mr. Muhammad Saeed Akhtar	:	Director
7.	Mr. Muhammad Sajjad Hussain	:	Director

CHIEF FINANCIAL OFFICER

Mrs. Durray Zara Butt

COMPANY SECRETARY	SHARE REGISTRARS
Mr. Muhammad Sajjad Hussain	M/s. Corplink (Pvt.) Ltd.
	Wings Arcade, 1-K , Commercial
	Model Town Lahore.
	Tel: [phone]

LEGAL ADVISOR	AUDITORS
Mr.Mian Waheed Akhtar,	M/s. Qadeer & Co.
Advocate High Court/ Supreme Court	Chartered Accountants,
Lahore.	32-A Lawrence Road,
	Lahore.

REGISTERED OFFICE	AUDIT COMMITTEE
2-KM Off Raiwind-Manga Road,	Muhammad Saeed Akhtar	Chairman
Raiwind, Lahore.	Mr. Maqsood Ahmad Butt FCA	Member
Tel: (92 - 42) 35393125-6, 38102800	Mr. Ali Maqsood Butt	Member
Fax: (92 - 42) 35393127
E-mail: [e-mail]
Website: www.aruj.com

REGISTERED OFFICE	HR & REMUNERATION COMMITTEE
2-KM Off Raiwind-Manga Road,	Muhammad Saeed Akhtar	Chairman
Raiwind, Lahore.	Mrs. Naseem Maqsood Butt	Member
Tel: (92 - 42) 35393125-6, 38102800	Dr. Aruj Butt	Member

Fax: (92 - 42) 35393127

E-mail: [e-mail]

Website: www.aruj.com

BANKERS

Bank Alfalah Limited.

Habib Bank Limited.

Bank of Punjab.

JS Bank Limited.

Habib Metropolitan Bank Ltd.

Faysal Bank Limited.

Meezan Bank

Standard Chartered Bank (Pakistan) Ltd.

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Annual Report 2022

NOTICE OF 30th ANNUAL GENERAL MEETING.

Notice is hereby given that 30th Annual General Meeting of Aruj Industries Limited will be held on Monday, December 19, 2022 at 9:00 AM at the Registered Office of the Company at 2-KM, Off: Raiwind Manga Road, Raiwind, Lahore to transact the following business:-

ORDINARY BUSINESS:

1. To Confirm the Minutes of last Annual General Meeting held on 27th November, 2021.
2. To receive and adopt the Annual Audited Accounts for the year ended June 30, 2022 along with Directors and Auditors report thereon.
3. To appoint Auditors of the Company to hold office till the conclusion of next Annual General Meeting and to fix their remuneration.

Any Other Business

4. To transact any other business with the permission of the Chair.

	By order of the Board
Lahore.	Muhammad Sajjad Hussain
November 28, 2022	Company Secretary
NOTES:

1. Share Transfer Books of the Company will remain closed from December 13, 2022 to December 19, 2022 (both days inclusive). Transfers received in order at company's Shares Registrar Office at the close of business on December 12, 2022 will be treated as in time.
2. Members who have not yet submitted photocopies of Computerized National Identity Card (CNIC) are requested to send the same at the earliest.
3. A member eligible to attend and vote at this meeting may appoint another member as his / her proxy to attend and vote instead of him / her. Proxies in order to be effective must be received at the Company's Registered Office, not less than 48 hours before the time for holding the meeting and must be duly stamped, signed and witnessed.
4. Members can also avail video conference facility. In this regard, please fill the following and submit to registered address of the Company 10 days before the 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 10 days prior to the date of meeting, the Company will arrange video conference facility in that city subject to availability of such facility in that city.
5. As per Section 72 of the Companies Act, 2017, every existing listed company shall be required to replace its physical shares with book-entry form in a manner as may be specified and from the date notified by the Commission.
6. Shareholders are requested to immediately notify the change in address, if any to Company Shares Registrar i.e. M/s Corplink (Pvt.) Limited Wings Arcade, 1-K, Commercial, Model Town, Lahore Tel: [phone]

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Annual Report 2022

ARUJ INDUSTRIES LTD.

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042-35916714-35916719

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Annual Report 2022