Ghani Glass : Transmission of Annual Report for the Year Ended June 30, 2023

01	ANNUAL REPORT 2023

TABLE OF CONTENTS

Vision & Mission	03
Corporate Information	04
Leading the way	06
Stakeholders	07
Consumers	08
Customers	09
Suppliers	10
Employees	11
Shareholders	12
Communities	13
Strict Adherence to International Quality Standards	14
Ghani's Endevour for Green Pakistan & Concern for Environment	15
Product Portfolio - Float glass division	16
Product Portfolio - Container glass division	17
Product Portfolio - Glassware division	18
Chairman's Review	19
CEO's Review	20
Directors' Report	21
Financial Performance - Six years at Glance	29
Statement of Value Addition and its Distribution	31
Horizontal Analysis	32
Vertical Analysis	33
Statement of Compliance	34
Auditors' Review Report to the Members	36
Auditors' Report to the Members	37
Statement of Financial Position	40
Statement of Profit or Loss	41
Statement of Comprehensive Income	42
Statement of Changes in Equity	43
Statement of Cash Flow	44
Notes to the Financial Statements	46
Pattern of Shareholding	81
Notice of Annual General Meeting	84
Directors' Report (Urdu)	94
Proxy Form

GHANI GLASS LIMITED

02

VISION

Nothing in this earth or in the heavens is hidden from ALLAH. To indulge in honesty, integrity and self determination, to encourage in performance and most of all to put our trust in ALLAH, so that we may, eventually through our efforts and belief, become the leader amongst glass manufacturers of South Asian Countries.

MISSION

To be successful by effectively & efficiently utilizing our philosophies so that we achieve & maintain constantly the High Standards of Product Quality & Customer Satisfaction.

03	ANNUAL REPORT 2023

CORPORATE INFORMATION

Board of Directors	Mr. Zaid Ghani	Chairman
	Mr. Imtiaz Ahmad Khan	Chief Executive Officer
	Mr. Anwaar Ahmad Khan	Deputy Chief Executive Officer
	Mr. Aftab Ahmad Khan	Deputy Chief Executive Officer
	Mrs. Reema Anwaar	Director
	Mr. Junaid Ghani	Director
	Mr. Jubair Ghani	Director
	Mr. Hamza Ghani	Director
	Mr. Moeez Ghani
	Director
	Mr. Ibrahim Ghani
	Director
	Mr. Ayub Sadiq
	Director
	Mr. Shamim Ahmed
	Director
	Mr. Ovais Shamim
	Director
	Mr. Nouman Shaukat
	Mr. Waqar Zafar	Director
	Mr. Khalid Aslam Butt	Director
	Hafiz Muhammad Saad	Director
	Syed Wasi Haider (Nominee EOBI)	Director
Audit Committee	Mr. Ayub Sadiq	Chairman
	Mr. Zaid Ghani	Member
	Mr. Ibrahim Ghani	Member
HR & R Committee	Mr. Ayub Sadiq	Chairman
	Mr. Anwaar Ahmad Khan	Member
	Mr. Zaid Ghani	Member
Chief Financial Officer	Mr. Umer Farooq Khan
Company Secretary	Hafiz Muhammad Imran Sabir
Auditors	EY Ford Rhodes, Chartered Accountants
Legal Advisor	Ally Law Associates
Share Registrar	Corplink (Pvt) Ltd
	Wings Arcade, 1-K Commercial
	Model Town, Lahore, Pakistan
	Phones : [phone], 35916719
	Fax : [phone]
Banks	Albaraka Islamic Bank
	Allied Bank Limited
	Askari Bank Limited

Bank Alfalah Limited, IBD

Bank Al-Habib Limited

Bank Islami Pakistan Limited

Faysal Bank Limited, IBD

First Women Bank Limited

Habib Metropolitan Bank Limited, IBD

MCB Islamic Bank Limited

National Bank of Pakistan

Soneri Bank Limited

Standard Chartered Bank Limited, IBD

The Bank of Punjab

Dubai Islamic Bank Limited

Habib Bank Limited

Meezan Bank Limited

United Bank Limited

SAMBA Bank Limited

GHANI GLASS LIMITED

04