ANNUAL REPORT

2 0 2 2

D.M. TEXTILE MILLS LIMITED

Westridge, Industrial Area, Rawalpindi

Ph: 051-5181977, 5181978, 5181981

E-mail: dmtm@dmtextile.com.pk

Website: www.dmtextile.com.pk

Annual Report 2022

65th ANNUAL REPORT AND ACCOUNTS

FOR THE YEAR ENDED 30th JUNE 2022

CONTENTS

Page

1.

COMPANY'S INFORMATION

2

2.

VISION AND MISSION STATEMENT

3

3.

STATEMENT OF ETHICS AND BUSINESS PRACTICES

4-5

4.

CHAIRMAN'S REVIEW REPORT

6

5.

INDEPENDENT AUDITOR'S REPORT

7-11

6. STATEMENT OF COMPLIANCE WITH LISTED COMPANIES

(CODE OF CORPORATE GOVERNANCE) REGULATIONS, 2019

12-14

7.

INDEPENDENT AUDITOR'S MODIFIED REVIEW REPORT

15-16

8.

DIRECTORS' REPORT (ENGLISH)

17-22

9.

DIRECTORS' REPORT (URDU)

23-29

10.

NOTICE OF ANNUAL GENERAL MEETING

30-33

11.

BALANCE SHEET

34-35

12.

STATEMENT OF PROFIT AND LOSS

36

13.

STATEMENT OF COMPREHENSIVE INCOME

37

14.

STATEMENT OF CASH FLOW

38

15.

STATEMENT OF CHANGES IN EQUITY

39

16.

NOTES TO THE ACCOUNTS

40-67

17.

KEY OPERATING AND FINANCIAL DATA

68

18.

PATTERN OF SHARE HOLDING

69-70

19. PROXY FORM

D.M. Textile Mills Limited

Annual Report 2022

COMPANY'S INFORMATION

BOARD OF DIRECTORS

CHAIRMAN:

Mian Habib Ullah

CHIEF EXECUTIVE:

Mr. Sami Ullah

DIRECTORS:

Mr. Amer Zeb

Mr. Abrar Alam

Mr. Syed Hameed-ul-Haq

Mr. Muhammad Suleman Khan

Mr. Rao Khalid Pervaiz

AUDIT COMMITTEE

CHAIRMAN:

Mr. Amer Zeb

MEMBER:

Mr. Abrar Alam

Mr. Muhammad Suleman Khan

HUMAN RESOURCE &

REMUNERATION COMMITTEE:

Mr. Muhammad Suleman Khan

CHAIRMAN:

MEMBERS:

Mr. Syed Hameed-ul-Haq

Mr. Sami Ullah

ACTING COMPANY SECRETARY &

CHIEF FINANCIAL OFFICER

Rao Khalid Pervaiz

BANKERS:

Faysal Bank Limited

Meezan Bank Ltd.

Habib Metropolitan Bank

MCB Bank Limited

AUDITORS:

M/s Riaz Ahmed & Company

Chartered Accountants

2-A, ATS Centre, 30-West,

Fazal ul Haq Road, Blue Area Islamabad.

Phone: 051-2274121, 2274122

LEGAL ADVISER:

Malik Sheheryar Qamar Afzal

Afzal & Afzal

208-B, Tufail Road, Opp. Fatima Jinnah University,

Katchery Chowk, Rawalpindi.

REGISTRAR:

Corplink (Pvt) Ltd.

Wings Arcade, 1-K, Commercial,

Model Town, Lahore.

Phone: 042-35916714, 35916719

Fax: 042-35869037

REGISTERED

Industrial Area Westridge, Rawalpindi

OFFICE

Telephone: 051-5181981,5181977-78

& MILLS AT:

E-mail:dmtm@dmtextile.com.pk

E-mail:dmtextilemills@yahoo.com

Website: www.dmtextile.com.pk

02

D.M. Textile Mills Limited

Annual Report 2022

VISION STATEMENT

We envision ourselves as a leading company known for its values, good business practices and optimum quality standards in diversified products & services with sustained growth.

MISSION STATEMENT

To provide quality products and services to our customers and to explore new era to achieve the highest level of success.

Chief Executive

Director

Chief Financial Officer

Rawalpindi Dated: October 05, 2022

D.M. Textile Mills Limited

03

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DM Textile Mills Limited published this content on 06 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2022 10:01:03 UTC.