CONDENSED INTERIM STATEMENT FINANCIAL POSITION AS AT MARCH 31, 2025
(UN-AUDITED)
ARUJ INDUSTRIES LTD.
COMPANY INFORMATION
BOARD OF DIRECTORSMr. Ali Maqsood Butt :
Mr. Faisal Khan :
Mr. SH. Ghulam Mustafa :
Mrs. Durray Zara Butt :
Dr. Aruj Butt :
Mr. Muhammad Sajjad Hussain :
Miss Amara Javid :
Chair Person Chief Executive Director Director Director Director Director
CHIEF FINANCIAL OFFICERMrs. Durray Zara Butt
COMPANY SECRETARYMr. Muhammad Sajjad Hussain
LEGAL ADVISORMr.Mian Waheed Akhtar,
Advocate High Court/ Supreme Court Lahore.
REGISTERED OFFICE2-KM Off Raiwind-Manga Road, Raiwind, Lahore.
Tel: (92 - 42) 35393125-6, 38102800
Fax: (92 - 42) 35393127
E-mail: info@aruj.com Website: https://www.aruj.com
SHARE REGISTRARSM/s. Corplink (Pvt.) Ltd. Wings Arcade, 1-K , Commercial Model Town Lahore.
Tel: 35839182, 35869037
AUDITORSM/s. Qadeer & Co. Chartered Accountants, 32-A Lawrence Road, Lahore.
AUDIT COMMITTEEMr. Muhammad Sajjad Hussain Mr. SH. Ghulam Mustafa Miss Amara Javid
Chairman Member Member
REGISTERED OFFICE HR & REMUNERATION COMMITTEE2-KM Off Raiwind-Manga Road, Raiwind, Lahore.
Tel: (92 - 42) 35393125-6, 38102800
Fax: (92 - 42) 35393127
E-mail: info@aruj.com Website: https://www.aruj.com
BANKERSBank Alfalah Limited. Habib Bank Limited. Bank of Punjab.
JS Bank Limited.
Habib Metropolitan Bank Ltd. Faysal Bank Limited.
Meezan Bank
Bank Al Habib
Mr. Muhammad Sajjad Hussain Dr. Aruj Butt
Miss Amara Javid
Chairman Member Member
ARUJ INDUSTRIES LTD.DIRECTOR'S REPORT
Your Directors have the pleasure to present to you the Financial Statement of the company for the Third Quarter ended March 31st, 2025.
9 Months ended | 9 Months ended | |
Mar., 31, 2025 | Mar., 31, 2024 | |
Rupees | Rupees | |
Sales | 191,800 | 330,895,836 |
Gross Profit/(Loss) | (21,191,518) | (51,315,816) |
Profit/(Loss) before Taxation | (30,392,629) | (91,653,218) |
Taxation | (2,398) | (8,178,735) |
Profit/(Loss) after Taxation | (30,395,028) | (99,831,954) |
Loss per share | (2.91) | (9.55) |
While we have been searching for alternative production routes and products, it has proved excessively difficult given the ever deteriorating economic conditions. The board along with the everyone else is on task to get through with alternatives. We hope to have better news in the coming quarter regarding new products that your company can produce. Currently we are running trails on products we can produce on our current machinery, as we understand we cannot make heavy capital expenses at the moment.
We are hoping the downward trend of interest rates continues and we see more stability in the business confidence so we can get back to our former position soon.
Note of Thanks:
The Board would like to put on record its gratitude to its valued shareholders, customers and raw materials suppliers whose cooperation, constant support and patronage have enabled us to achieve our desired results.
The Board would also like to express its thanks to the Executives, Staff members and especially the Workers of your Company, who have loyally worked with utmost effort to make this all possible.
For and on behalf of the Board
Lahore:
Dated: 29th August, 2025
FAISAL KHAN
(Chief Executive Officer)
2025
2025
330,895,836 | 191,800 |
(51,315,816) | (21,191,518) |
(91,653,218) | (30,392,629) |
(8,178,735) | (2,398) |
(99,831,954) | (30,395,028) |
(9.55) | (2.91) |
2025
BALANCE SHEET AS AT MARCH 31, 2025
CAPITAL AND LIABILITIES SHARE CAPITAL AND RESERVES
of Rs. 10/- each | 125,000,000 | 125,000,000 | |
Issued, Subscribed & Paid up Capital: | 104,578,900 | 104,578,900 | |
Capital Reserve | 100,000,000 | 100,000,000 | |
Director Loan | 99,734,178 | 97,058,538 | |
Accumulated Loss | (406,046,329) | (375,651,301) | |
(101,733,251) | (74,013,863) | ||
NON-CURRENT LIABILITIES | |||
finance lease Long Term Loan Deferred liabilities | 8,554,745 -48,663,059 | 8,007,132 -48,663,059 | |
57,217,804 | 56,670,191 | ||
CURRENT LIABILITIES: | |||
Short Term Finance Current maturity of Finance Lease | 676,359,549 -5,076,379 | 676,379,342 8,543,630 | |
Long Term Loan | 6,006,540 | 6,006,540 | |
Trade and other payable | 293,213,655 | 294,948,708 | |
Unclaim Dividend | 2,290,218 | 2,290,218 | |
Accrued Markup of short term loans-secrued | 7,926,512 | 7,926,512 | |
Provision for Taxation | 4,480,872 | 4,478,474 - | |
CONTINGENCIES AND COMMITMENTS PROPERTY PLAND AND EQUIPMENT | 995,353,725 - 950,838,279 | 1,000,573,424 - 983,229,752 | |
Operating Fixed Assets - Tangible | |||
At Written down value | 361,018,571 | 383,663,671 | |
CAPITAL WORK IN PROGRESS - P & M | - | - | |
LONG TERM SECURITY DEPOSITS | 1,994,591 | 1,994,581 | |
CURRENT ASSETS: | |||
Stores and spares | 8,399,795 | 8,399,795 | |
Stock in trade | 79,623,207 | 79,679,076 | |
Trade Debts | 303,751,394 | 318,120,039 | |
Loan & Advances Trade deposits & Short Term pre-payments Other Receivable | 164,473,850 -29,774,538 | 160,576,842 -28,947,159 | |
Cash and bank balances | 1,802,333 | 1,848,582 | |
587,825,117 | 597,571,490 | ||
TOTAL ASSETS | 950,838,279 | 983,229,752 | |
Authorised Capital 12,500,000 ordinary shares
(UN-AUDITED) (AUDITED) MARCH. 31, 2025 JUNE. 30, 2024
Rupees Rupees
Liabilities against assets subject to
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN - AUDITED) FOR THE PERIOD ENDED MARCH 31 ,2025
Jul-24 Jul-23 Jan-25 Jan-24
To To To To
Mar-25 Mar-24 Mar-25 Mar-24 Rupees Rupees Rupees Rupees
Sales - net 191,800 330,895,835 - 96,737,880
Less: Cost of sales (21,383,318) (382,211,651) (19,783,702) (102,056,020) Gross Loss (21,191,518) (51,315,816) (19,783,702) (5,318,140)
(7,575,035)
-
(2,943,794)
-
(22,340,122)
(332,848)
(7,891,561)
-
Less: Operating expenses: Administrative and General Selling and Distribution
(7,891,561) (22,672,970) (2,943,794) (7,575,035) Operating profit / (loss) (29,083,079) (73,988,786) (22,727,496) (12,893,175)
Finance Cost (1,309,550) (17,664,432) (198,516) (1,852,192) (30,392,629) (91,653,218) (22,926,012) (14,745,367)
Add: Other income - - - -
(30,392,629) (91,653,218) (22,926,012) (14,745,367)
Workers' profit participation fund - - - -Profit / (loss) before taxation (30,392,629) (91,653,218) (22,926,012) (14,745,367)
Provision for taxation (2,398) (8,178,735) (0) (702,907) Profit / (loss) after taxation (30,395,028) (99,831,953) (22,926,014) (15,448,275)
Loss per share - basic & diluted (2.91) (9.55) (2.19) (1.48)
CONDENSED INTERIM STATEMENT OF STATEMENT OF CASH FLOWS (UN-AUDITED) FOR THE PERIOD ENDED MARCH 31 ,2025
MARCH MARCH
2025 2024
Rupees Rupees
CASH FLOWS FROM OPERATING ACTIVITIES:
Loss before taxation (30,392,629) (91,653,218)
Adjustments for: Depreciation | 22,645,100 | 24,890,010 | ||
Financial Charges | 1,309,550 | 17,664,432 | ||
Gain on disposal of assets | - | - | ||
W.P.P.F | - | - | ||
23,954,650 | 42,554,442 | |||
Cash Folw Before Working Capital Changes | ||||
Working Capital Changes (Increase) / Decrease in current assets | (6,437,979) | (49,098,776) | ||
Stores, spare parts and loose tools and Stock in trade | - 55,869 | (2,598,701) 29,072,599 | ||
Trade debts | 14,368,645 | (49,501,570) | ||
Loan and advances | (3,897,008) | (39,753,205) | ||
Trade deposits and short prepayments | - | - | ||
Other Receivables | (827,379) | 6,362,290 | ||
Increase/ (decrease) in current liabilities | ||||
Trade and other payables | (1,735,053) | 93,495,291 | ||
7,965,074 | 37,076,704 | |||
Cash Generated fron Operations | 1,527,095 | (12,022,072) | ||
Financial Cost Paid | (1,309,550) | (1,852,194) | ||
Net Cash inflow /(outflow) from | ||||
operating activities | 217,545 | (13,874,266) | ||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
Security Deposits | (10) | (261,250) | ||
Fixed capital expenditure | - | - | ||
Capital Work In Progress Net Cash inflow /(outflow) from | - | - | ||
Investing activities (10) (261,250)
CASH FLOWS FROM FINANCING ACTIVITIES:
-2,750,000
(6,391,729)
-2,675,640
(2,919,631)
Long Term loans (Paid)/Received
Directors' loan
Payment of liabilities against assets subject to finance lease
Net Cash inflow /(outflow) from
Financing activities (243,991) (3,641,870)
Net (Increase) / Decrease in cash and
cash equivalents (26,456) (17,777,386)
CASH AND CASH EQUIVALENTS AT
THE BEGINNING OF THE PERIOD | (674,530,760) | (672,430,602) | |
CASH AND CASH EQUIVALENTS AT | |||
THE END OF THIRD QUARTER | A | (674,557,216) | (690,207,988) |
A CASH AND CASH EQUIVALENTS | |||
Short term finance | (676,359,549) | (694,859,189) | |
Cash and Bank balances | 1,802,333 | 4,651,201 | |
(674,557,216) | (690,207,988) | ||
STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE NINE MONTH AND QUARTER ENDED MARCH 31,2025
Share Capital Rupees
Capital Reserves
Directors' Loan Rupees
Total Rupees
Un-appropriat-ed Profit Rupees
Rupees
Balance as at July 01.2023 104,578,900 100,000,000 94,308,538 (39,620,161) 259,267,277
Loan From Directors | 2,750,000 | 2,750,000 | |||
Net Loss for 9 Months upto March 31, 2024 | (99,831,954) | (99,831,954) | |||
Balance as at March 31, 2024 | 104,578,900 | 100,000,000 | 97,058,538 | (139,452,115) | 162,185,323 |
Balance as at July 01.2024 | 104,578,900 | 100,000,000 | 97,058,538 | (375,651,301) | (74,013,863) |
Loan From Directors | 2,675,640 | 2,675,640 | |||
Net Loss for 9 Months | - | ||||
upto March 31, 2025 | (30,395,028) | (30,395,028) | |||
Balance as at March 31, 2025 | 104,578,900 | 100,000,000 | 99,734,178 | (406,046,329) | (101,733,251) |
These Accounts are un-audited and are being presented as required under the Companies Act 2017.
The accounting policies adopted for the preparation of the third Quarter Accounts are the same as those applied in the preparation of the preceding annual published accounts for the year ended June 30. 2024 of the company
Figures for previous period have been re-arranged where-ever necessary, for the purpose of comparison and have been rounded off to the nearest rupee.
Basic Loss per Share
Net Loss for the Nine Months Number of Ordinary Shares Loss per Share- basic & diluted
March 31 2025 Rupees
(30,395,028)
10,457,890
(2.91)
March 31 2024 Rupees
(99,831,954)
10,457,890
(9.55)
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ARUJ INDUSTRIES LTD.
Raiwind, Lahore, Pakistan.
+92 42 38102800
+92 42 35393127 info@aruj.com
https://www.aruj.com