LSE Proptech : Transmission of Annual Report for the year ended 30 June 2023

		LSE PROPTECH LIMITED
			ANNUAL REPORT - 2023
	Contents
Sr. No.	Item			Page No.
1	Vision and Mission Statement		3
2	Corporate Information		4
3	Chairman's Review		5
4	Directors' Report		7
5	Directors' Report (Urdu)		13
6	Pattern of Shareholding		18
7	Notice of 1st Annual General Meeting		20
8	Notice of 1st Annual General Meeting (Urdu)		24
9	Proxy Form		27
10	Statement of Compliance		29
11	Auditors' Review Report on CCG Compliance		32
12	Auditors' Report to the Members		33
13	Statement of Financial Position		37
14	Statement of Profit and Loss		38
15	Statement of Comprehensive Income		39
16	Statement of Change in Equity		40
17	Statement of Cash Flows		41
18	Notes to the Financial Statements			42

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LSE PROPTECH LIMITED

ANNUAL REPORT - 2023

Vision Statement

To launch a 'Real-Estate Trading Platform' under the brand name of "landprise.com" to enable potential buyers to view the listing of the real-estate and place their bids with the assurance of the completion/honoring of the executed trades with the backing of DCCL.

Mission Statement

To develop and operate Pakistan's first digital repository of land ownership titles.

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LSE PROPTECH LIMITED

ANNUAL REPORT - 2023

Company Information

Board of Directors
1.	Mr. Habib Ur Rehman Gilani	Chairman
2.	Mr. Aftab Ahmad Ch.	Chief Executive Officer
3.	Mr. Ghulam Mustafa	Non-Executive Director
4.	Mr. Rizwan Ejaz	Non-Executive Director
5.	Mr. Kashif Shabbir	Independent Director
6.	Mr. Khalid Waheed	Non-Executive Director
7.	Ms. Maleeha Humayun Bangash	Independent Director
Audit Committee
1.	Mr. Kashif Shabbir	Chairman
2.	Mr. Ghulam Mustafa	Member
3.	Ms. Maleeha Humayun Bangash	Member
4.	Mr. Muhammad Usman	Secretary
Human Resource and Remuneration Committee
1.	Mr. Rizwan Ejaz	Chairman
2.	Mr. Khalid Waheed	Member
3.	Ms. Maleeha Humayun Bangash	Member
4.	Mr. Muhammad Usman	Secretary
Company Secretary	Mr. Muhammad Usman
Chief Financial Officer	Mr. Rashid Matin Khan
Auditors		Crowe Hussain Chaudhry & Co. Chartered
		Accountant
Legal Advisor	Mr. Zafar Parvaiz, Advocate High Court
Share Registrar	CDC Share Registrar Services Limited
		CDC House, 99-B, Block B, S.M.C.H.S., Main
		Shahrah-e-Faisal, Karachi
Registered Office	LSE Plaza, 19 - Khayaban-e-Aiwan-e-Iqbal,
		Lahore

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LSE PROPTECH LIMITED

ANNUAL REPORT - 2023

Chairman's Review

Dear Shareholders,

As we closed the financial year, it is my immense pleasure to present the review report under the requirement of section 192 of the Companies Act, 2017, for the year ended June 30, 2023; highlighting the overall performance of the Board and its role in guiding the Management of the Company to carry out its responsibility in achieving the Company's objectives for the benefit of its stakeholders.

The Company has the vision to transform the real estate sector of Pakistan from its existing traditional business model. LSEPL shall elevate the real estate sector of Pakistan and shall bring it in line with the best international practices. The recent innovation in the Proptech market, corporate real estate management and digitalization trends shall be adopted. LSEPL shall be offering real estate management software solutions. The Company shall organize and manage the administration of the clients' commercial real estate. Digitalization of real estate records shall provide convenience in accessibility, cost efficiency, security, aid in administration and increase investment opportunities.

The Company plans to launch an internet platform, as the real estate marketplace online, which will serve as a conduit between customers and real estate agents, brokers, and property managers. The main function of a marketplace, which belongs to the multi-channele-commerce category, is to facilitate easy service exchange and seamless transactions.

The Company shall also be pursuing a business model regarding fractionalization of real assets, which is a process through which an asset is fractionalized into smaller denominations, for the purpose of creating liquidity and tradability of an otherwise less liquid asset. Bringing asset fractionalization shall also have other benefits, such as democratizing ownership of high value real assets, additional investment avenues for investors, channelizing savings into the economy, bringing investments in real estate, eliminating fraudulent operations, enhanced security, visibility and transparency in real estate business. Presently, SECP is also contemplating of bringing assets fractionalization into its regulatory domain.

During the year, the Company acquired the listing status at Pakistan Stock Exchange Limited. The Company remained committed to implement its business strategy and is focusing to establish new avenues of revenue for its shareholders. The focus of the Company's Management is transform the Company as "digital disruptor" and become a digital supporting pillar for the economy. I am confident that the Company will be successful in meeting the future challenges and targets.

Overall performance of the Board remained in accordance with the requirements of the Companies Act and Code of Corporate Governance Regulations. The Directors have performed their duties diligently and effectively in the best interest of the Company.

The Board has ensured that there is adequate representation of non-executive and independent directors on the Board and its committees as laid down in the Code and has ensure to implement the requirements of the Code in its true letter and spirit. The Board performed their duties and reviewed, discussed and approved business strategies, corporate objectives, plans, financial statements and other reports.

Members received clear and complete agendas and relevant written material in sufficient time prior to Board and Committee meetings.

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