Transmission of Quarterly Report for the Period Ended 31-03-2025

3rd Quarter RepoA

MARCH 31, 2025 (UN-AUDITED)

IN TEXTILE MILLS LIMITED

COMPANY INFORMATION

Board of Directors

Mrs. Nazma Amer Chairpason

Mr. Aizad Amer Chief Executive Officer Khawaja Amer Khurshid Director

Mr. Anns Amer Director

Mrs. Yusra Amer Dire‹nor

8yed Khalid Ali Director

Mr. Umar Muneer Director

HR and Remuneration

Risk Management Committee

Mr. Umar Muaeer Mrs. Yusra Aznez Syed Khalid Ali

Syed Khalid Ali

Mr. Anns Amer

Mr. Urnar Muneer Mrs. Yusra Amer Syed Khalid Ali

Mr. Umar Muneer Syed Khalid Ali

Chairman Member Member

Chairman Member Member

Chairman Member Member

Chañoao Member Member

Ckief Fiztancial OfT'icer Company Secretory AUdltOM

Bankers

Share Registrar

Registered Office & Mills

Mr. Muhammad Saqib Eluan Mr. Muzammal Jamil

Riaz Ahmad and Company Chartered Accountants

FS Tower, Outside Al-Fateh Garden, East Canal Road, Faisalabad

Bank At Habib Limited Habib Metro Bank Limited Habib Bank Limited Meezan BanL Limited National Bank of Pakistan

Corplink (Private) Limited

Wings Arcade, 1-K, Commercial, Model Town, Lahore

35 Kilometer, Sheikhupura Road,

Faisalabad

4N TEXTILE MILLS LIMITED

3rd Quarter

The Directors of your Company fee! pleasure to submit un-audited condensed interim financial information of your Company for the nine months ended March 31, 2025.

R8VI WOFOPERATING RESULTS

During the period under review sales were Rupees 3,341.265 million as compared to Rupees 2,364.285 million of corresponding period. Cost of sales was Rupees 3,251.R59 million as compared to Rupees 2,417.740 million of corresponding period. The Company incurred a loss after taxation amounting to Rupees 43.966 million as compared to the corresponding period in which the Company incurred a loss after taxation of Rupees 1g0.147 million.

The management of your Company remains cognizant of the challenges as it continues its efforts to regain its profitability by increasing iD market efforts to increase in share of market. We also remain focused on the challenge of reducing our operating costs and using our efficiencies to maximize our returns. Moreover the Company is operating on its optimum capacity with the support of interest free loans obtained from directors and facility of borrowings from the banks to meet the liquidity requirements.

ACMOWLEDGENENT

The Board places on record its appreciation for the cooperation, commitment, and hard work extended to the Company by the customers, suppliers, bankers, and all the employees of the Company.

On behalf of the Board

FAISALABAD

Dated: April 30, 2025

Chief Executive Officer

izad Amer

Khawaja Amer u hid Director

2,364,285

(2,417,740)

(53,455)

(1,110)

(47,788)

(783)

(39,569)

(142,705)

(29,553)

(172,258)

32,111

(140,147)

(14.51)

2025 ¿I 30 v

»sszTs

40 000 000 (80 4& 2024: 10 000 000s ordinary elutes of

Races 0 each

400 000 4 00 000  

X,862

3.824

iweslrrieot properbes - at of deferred imorrie tae

96,600

ss.soo

44.778

               200  

TEXTILE MILLS LIMITED

Urdaimed dividend

Muka ad S qib Ehaan Cfilef Flnanclal Officer

986.586

679.745

CONDENSED INTERN g TATEMENT OF PROFIT OR LO96 {Un-aud d) FOA THE NOE MONTHS ENDED 41 MARCH 20W

WOTE

RUPGEg IN TNOUSMD) -

OTHER EXPENSES OTHER INCOME FMANCE COST

PPOF+T/ (LOP8) BEF LEVY AN0 TATION

(*) 78*J -

z -

(14,143) (18,145)

31,335

985

Director

Muh ad qlb Ehcan Chief FluanWT Ofgcsr

con oEHsED iNTERIM s rATEuENT OF COMPRE HEnsivE •COME {Un-audIted} FOR THE NINE MONTHS ENDED 31 MARCH 2025

-—-— — (RUPEES IN THOUSAND)—

(LOSS) / PROFfF AFTER TAXATION

OTHER COMPREHENSIVE NCOME

.Items that will rot be reclassified to

.subseguatly prolTt or loss

;kerns that may de reclassified sudsequerdy

(43,966) (140,147) (14,365)

17,695

TOTAL COMPREHENSIVE (LOSS) /

INCOME FOR THE PEROD

(43,966) (140 147) (14,365)

17 695

The anraxed noles lorm an integral part of tNs condensed interim 9nancial information.

Chlef Executive Officer

Khawaja Amer Khurshid Director

Muha ad S gib Eh¥an Chief Flnanclal Officer

CONDENSED INTERIM STATEMENT OF CASH FLOWS (Un-audlted) FOR THE NINE MONTHS ENDED 31 MARCH 2025

WOTE

(RUPEES IN THOUSAND)

Lease liability obtained - at short iam borrowings - at

281)

2|        097 |33  39 065  

CASHAWDC RHEOUNALEWTSATTHE

ENDOFTHEPEROD

       11,049  24,430  

The annexed rates form an integral part of this condensed interim financial information

Chlef Executive Officer

Khawaja Amer Khurshid

Director

Muha ad S gib Eh¥an Chief Flnanclal Officer

AN Textile Mille Limited 'lbs Company' ia a public limited company imrqorated in Pak1eIan under lie Compañee Act, J9J 3 (row Companies Aot 2017) arid Is llstod on Pakistan Stock Exchange Limiled. Its reqiolered office and mills premises are k'cated at as hilomelers, Sfieikfiupura load, Faisalabad. The principal activity of the Company is manufacturing, sale ar›d

This cordersed iWrim firiarcial iritormelion ia u i-audited end is beir›g eubmided to «fiarefioldera as required by the Companies Art 2017. This cordensed lritafim fimincial Jrlforrnabon ol the Company lor tla nina monk ended 31 Mamh 2024 f'as been prepared in accordance with the requiremerits oT the lriternadonal Accountirg S'tardard {IAS') 34 ’Interim Firiarcial Reponir+g’ and provisions of and direMlYes issued under the Comparies As. both as applicable in Pakistan ar›d roI!fied by the l2ecurities ard Exchange Commission of Pakistan(OEC P). In case where regñrements dilTer, If+e proYlsiom of or directives issued nder th Companies Act, 2017 have been folk'wed. This oorde&d interim financial informasi on shout

be read in oonj#cg on th audited an ual p4 lished I kamiaI »tatemeots of Campany for be par ended 00 Juoe

s.

Jfie aocourér+g poildes and methods of computa6oro adopted for the preparation of this cor›deroed interim flrercial information are the same as applied in the prepaiaaon of N precedlr+g audited anal published finamial statements of the Company for Isa par erded 30 Jura 3024.

4.

The preperalJon oT This certsred iglenm hnancTaI Inforroa gon i n cooformi IN approval accorritl@ slaodarda reguiraa lW be a I certain cribcal accountlng esgmelet. II aIsa required the manag emeN to exetci se its judgmerft in Ge process of applgrg tta Compaoy's accourdng policies. Estimates and judgments are contirrally evaluated and are based onhistorical exger!eme and otner factors, imludirg expoc+ations of fuMe events flat are believed to be reasorable under the clamstarices.

During praparatTon of his andemed iWrim financial iriTormaliog the «igoifi«ant judgments mede by tha management in epplyi@ two Campany’a aocounli rug policies arid Ihe key sources of eatirration sod uncertain were N Anne es flare thai applied in he preceding audited am published hnee ial statements of lha Compaq for tfie par erded 30 Jun 2024.

1. in agpeal has W filed by the Company before Appellate Tribunal Inland Revenue, Lafiore on 30 July 2021 againA Ge order of Assisarit Commissioner Znland Revenue for the Inn year 2017 against demand of Rupees 8.966 million (30 3urie 2024: Rug 8.966 million) regarding non-deducbon of withholding tax from certain oarbe under various clauses of sec0on 1S3 of he Income Tax Ordinance, 2001. The related provision Is not made in th+se condensed into inn financial staremms in view of favorable outame of the appeal, on advice of legal counsd.

2. 4n appeal fi@ been filed by tfie Company t›efore Appellate Tribunal Inland Revenue, Lahore dated 16 April 20t9 against the order of Additional Commissioner Tnland Rwenue (Appeds) dated l4 founder 20T8, for demand of Rupees te.ssh million tao June 2024: Rupees id.see million) by Ge tax deoartment regarding disallowanre of withholding taxes as adopted in inrome tax return for the tax year 2O T6. The related prois not made in these condmsed interim finandal satanents In view of favorable ouame of the apoeal, on advie of legal counsel.

3. The Company filed appeal before Appellate Tribunal Inland Revenue, Lahore on 2 T Narcfi 20t9 againA fhe order of Additional Commi%ioner Inland Revenue for demand of Rupw I›4.I GB million (30 June 2024: Rupw 1T4.IIB million) related to nullifying tfie proration of tfie inoame bin FTR and NTR as adopted by the Company for the tax year zoid. The related provision is not made in the condensed infaim financial satemeno in view oF favorable out@me of the appeal, on advice of legal counsel.

iy) An aqpeal has 0ee+i filed before Appellate Tribunal Inland Revenue, Lahore in Naroi 2019 Oaause 4dditional Commissioner Inland Revenue amended the assessment for tfie fax year 2007 and oeated a demand of Pupees 5.766 million (30 June 2024: Rupees 5.766 million) on tfie ice of proration of soecTfic expenses related to nomlal iaX regime to final tax regime. The related provision is not made in the condensed interim financial statemenfs in view of favora6le outcome of tfie appeal, on advire of legal counsel.

kN TEXTILE MILLS LIMITED 3rd Quarter

1. A reference has W filed before the Lahore High Court, More by Regional Tax Office (RTO), Faisalabad on 04 De:amber 2019 against the order made by Appellate Tribunal Inland Reyeiue, Lahore regarding an appeal filed by the Company dated 07 June 2017 against Ifie demand of Rug 22.378 million (30 3une 2024: Rupees 22.376 million) by lie RTO, Faisalabad regarding be disaiiowanre of minimum tax adjustment for Idle fax year 20a1. The related provision is not made in I:hese condased inaalm financial satemenD on the basis of Itie advire from legal counsel that ftie reference filed by the Deqarb+ient will not be successful.

2. On 13 August 2020, the Supreme Court of Pakistan upheld the Gas Infrastructure Development Cas (GtDC) Act, 20t5 to be constitutional and intra vires. Tn connexion wirh this d@ision, the Company filed a wrir petition in Lahore High Court, Lahore on t6 September 2020 againn the charge of GTDC at the rate of eptive power consumer instead of industrial consume. Laho+e High Court, Lahore suspendal the payment of Rupw 26.344 million (30 June 2024: Rupees 26.344 million) related e I:his diffeace, subjeo: to furnishing of post dapat cheque which haye deen submitted by the Company. Kwing in view the opinion of the legal counsel of the Company, the related provision is not made in the cond@sed interim financial statcmems as thete are strong grounds of favourable out@me of the

3. An appeal we filed in Lahore Fli#h Court, Lahore on TO August 2017 against cod of supply of Re-Gasified Liquefied Natural Gas (RLNG) by Sui Nortlnan Gas Piqelinm Limitecl (SNGPL) amounting to Rupm ILZZA million (30 done 20Z4: Rub t2.Z24 million). This appeal was allowed by Lahore nigh Court, Lahore on 13 Dumber 2019 by asking Oii and Gas Regulatory Authority (OGRA) to conduct a public hearing to detemine he level of cost of supply of RLNG. Keeping in view the opinion of he legal counsel of tfie Company, the related provision is not made in tfiese condensed interim flnanciai satemeno as +fiere are sbong grounds that the decision of the proposed public hearing of OGRA will be decided in favour of tfie Company.

4. Sindh High Court, Karachi made decision on 04 3une 202a about the leyy of Sindh Infrasouo:ure W, against whicfi ffie Company we rontingatTy liable for Rupees 3 million (30 3une 2024: Rupw 3 million) altfiough guarantw were submitted by the Company‘s Bank for the same amount. Agânst the d@ision, fhe Company lodged a constitution pefifion no. 4719/2021 dated 13 August 20Z1 in Supreme Court of Pakistan (SCP). Thereafter, on 01 September 20Zt, KP allowed the pe tion, susqaded Ifie judgemmf of Slndh Fligh Court, Karaoil and leave to appeal we granted. however tfie can is not yet fixed for hearing by SCP. On advice of legal counsel, in via of passibie favourable outcome, no provision Is accounted for in fit condensed interim financial statanm.

iz) Guarantees of Rupm 106.760 mill:on (30 June 2024: Rupem 104.052 million) are given @ tfie flanks of the

Company to SNGPL against gas connecfions and Faisalabad Electric Supply Company Limited (FESCO) against 8ectridty

1. i) There wee ro lalter of credit lor capital exqenditi•e es at 31 Match 2024 (30 Jura 2024: R@ees 13.382 million).

2. ii) Letters of cradil other than caqifal expenditure were of Rupees 79.GB million (30 June R24: Rupees 94.067 million).

Un-Audfl:ed

Audited

2025

2024

6. PROPERTY, PLANT ACID EQLIIPMENT

Opening book yaluo

Cosf of addifiore during the peñod / year (Note 6.1) Tran*leried fio rigM-aft asset

Lese:

Book value of deétiore during the period / year (Note 62) Depreciation charged dmrg the period 7 year

(RUPEEg IN TNOUBAND)

1.236,906 1,266,356

         -          1 94d  

1,304 ,237 1,293,661

   1,259,276    1,236.B06  

Un-audited

(RUPEE6 IN THOUSAND)

(RUPEEC IN TNOUGAN D)

I) T+anaactlons Pa+•¥cuWrs

Other Ofsted ports

short ten borrowings Oi rectors crf the Compariy r•ans obiaine4 {>piaJ

22,000

(124,017)

ii) Pedod end balances

(RUPEES IM THOUSAND)

329,099 807,099

1. FINANC ML RISK MANAGEMENT

   The Company's financial risk management objectives and policies are consistent with those disclosed in the preceding audited annual financial statements of the Company for the year ended 30 June 2024.

2. DATE OF AUTHORWTION

ms condensed interim financial information was approved by Fla Board of Directom and authorized for issue on 30 April, 2025.

h order to comply with the requirements of HS 34, the cordensed interim balance sheet and condensed interim statement of changes in equity have been compared with the balances of amual a+x1ited financial statements of preceding financial year, whereas, the condersed iMerim profit and loss account, condensed inteñm statement of comprehensive income and condensed interim cash flow statement have been compared with the balarces of comparable peñod of immediately

Figures haye been rounded off to the nearest thousand of Rupees unless otherwise stated.

Khawaja Amer Khurshid Director

Muha ed 5 qib Ehsan Chief Financial Officer

O

O

O

35 K.M, Sheik liupura Road, Faisalabad.