Transmission of Quarterly Report for the period ended September 30, 2024

ALLAWASAYA TEXTILE AND FINISHING MILLS LIMITED

2. Mian Muhammad Jamil

1. Mian Idrees Ahmed Sheikh
2. Mian Tauqir Ahmed Sheikh
3. Mrs. Bushra Tauqir
4. Mrs. Misbah Idrees Sheikh
5. Mr. Abdul Rehman Qureshi
6. Mr. Nazir Ahmad Khan
7. Mr. Muhammad Ashraf Khan Durrani
8. Mr. Imran Hussain

AUDIT COMMITTEE

Mr. Nazir Ahmad Khan (Independent Director)- Chairman

Mr. Abdul Rehman Qureshi (Independent Director)- Member

Mrs. Nusrat Jamil (Non-Executive Director)- Member

CHIEF FINANCIAL OFFICER

Sohail Nadeem

COMPANY SECRETARY

Muhammad Ismail

HEAD OF INTERNAL AUDIT

Ch. Javed Akhtar

BANKERS

M/s Habib Bank Limited

M/s Bank AL Habib Limited

M/s Habib Metropolitan Bank Limited

M/s United Bank Limited

M/s Askari Bank Limited

M/s Samba Bank Limited

M/s BankIslami Pakistan Limited

REGISTERED OFFICE

Allawasaya Square,

Mumtazabad Industrial Area,

Vehari Road, Multan, Pakistan.

Ph: (061)4233624-26

E-Mail:atm@allawasaya.com

SHARES REGISTRAR

M/s Hameed Majeed Associates (Pvt.) Limited,

H.M. House, 7- Bank Square, Lahore.

Ph: (042)37235081-82

E-Mail:shares@hmaconsultants.com

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ALLAWASAYA TEXTILE AND FINISHING MILLS LIMITED

DIRECTORS' REVIEW

Dear Shareholders,

On behalf of the Board of Directors of the Company, it is our privilege to present before you the Un -Audited Financial Statements of your Company for the First Quarter of current financial period ended on September 30, 2024 as required under Section 237 of the Companies Act, 2017 and in accordance with the requirements of International Accounting Standard No. 34 "Interim Financial Reporting".

The overall business remained very challenging and tough during the first quarter of the financial year 202 4- 2025. The demand for yarn has drasticall y reduced, moreover huge quantit y of imported yarn is being dumped which has further put the viabilit y of the spinning industry at stake . However, the management is striving to achieve the better financial results by exploring other avenues like installation of Solar, reduction in bank borrowings and operate at optimum level .

During the period under report, the performance of the Company remained depressed due to political instabilit y, recession and inflation in local as well as international market . The quantum of sales decreased due to the limitations explained. The Net Loss After Tax for the First Quarter ended on September 30, 20 24 was (Rs . 97,009,737/ - ) as compared to the Net Loss After Tax of (Rs. 14,835,632/ - ) for the same period last year.

Your Directors hope that, by the grace of Almight y Allah, your Company will achieve b etter financial results for the remaining period of the current financial year to end on June 30, 202 5.

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ALLAWASAYA TEXTILE AND FINISHING MILLS LIMITED

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ALLAWASAYA TEXTILE AND FINISHING MILLS LIMITED

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ALLAWASAYA TEXTILE AND FINISHING MILLS LIMITED

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ALLAWASAYA TEXTILE AND FINISHING MILLS LIMITED

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ALLAWASAYA TEXTILE AND FINISHING MILLS LIMITED

NOTES TO THE ACCOUNTS

1) These un-audited accounts are being presented to the shareholders as required under SECP notification No. 764(I)/2001 dated 05-11-2001 and in accordance with the requirements of International Accounting Standard-34 "Interim Financial Reporting". As notified under the Companies Act, 2017 and Directives issued under the Act.

1. Accounting Policies adopted for the preparation of these quarterly accounts are the same as adopted in the preceding annual accounts.
2. Figures from previous year have been re-arranged for the purpose of comparison wherever necessary.
3. Figures in these accounts have been rounded off to the nearest rupee.

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