°Baluchistan Glass Limited
GL/Shares/2.7 April 26, 2025
To,
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
The Head of Department 3. The Executive Director/HOD Listed Companies Supervision Wing, Securities Market Division, SECP, Supervision Division, SECP, Islamabad.
Islamabad.
Subject: FINANCIAL RESULTS FOR THE 3RD OUARTER / NINE-MONTH PERIOD ENDED MARCH 31, 2025Dear Sir,
We would like to inform you that the Board of Directors of M/s Baluchistan Glass Limited (the "Company") in their meeting held at 15:00 Hours (i.e., 03:00 PM) on Saturday the April 26, 2025 at the Head Office of the Company located at 128-1 Block, Model Town, Lahore approved the financial statements for the third quarter / nine-month period ended March 31, 2025 and recommended the following:
- CASH DIVIDEND:
- BONUS ISSUE:
- RIGHT SHARES:
- ANY OTHER ENTITLEMENT / CORPORATE ACTION
- ANY OTHER PRICE SENSITIVE INFORMATION
NIL NIL NIL NIL NIL
The financial results of the Company are attached as Annexure - Al to A5 and Disclosure Form in terms of Section 96 of the Securities Act 2015 in relation to inside information is attached as Annexure - B.
The printed copy of the financial statements with limited scope review by the external auditors for the 3rdquarter / nine-month period ended March 31, 2025 will be uploaded on PSX via PUCARS and on Company's website in due course.
You may please inform the TRE certificate holders of the Exchange accordingly.
Yours faithfully,
(Mohsin Ali) Company Secretary
s Limited
Factory Unit-I / Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.
Email:info@ baIochistanglass.com, Website: https://www.baIochistangIass.com UAN: 111-444-544
Pakistan.
Factory Unit-II:
29-Km, Lahore Sheikhupura Road, Sheikhupura.
FactocyUnit-Ml:
12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430
Lahore Office:
128 k , Block J, Model Town,
Lahore - Pakistan
Ph: 042-35836866 - 35837311
BALUCHISTAN GLASS LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UNAUDITED)
Annex-A1
Baluchistan Glass Limited
AS AT MARCH 31, 2025 | |||
Un-audited | Audited | ||
March 31, 2025 | June 30, 2024 | ||
EQUITY AND LIABILITIES | (Rupees in thousands) | ||
SHARE CAPITAL AND RESERVES | |||
Authorized share capital | 000 000 | 2, 66 000 | |
Issued, subscribed and paid-up share capital Discount on shares | st 514 o) | (s14 80o | |
5,870,321 | 2,101,200 | ||
Capital reserve: | |||
Surplus on revaluation of property (land and building) - net of tax | 1,257,850 | 1,272,041 | |
Revenue reserve: | |||
Accumulated losses | (7,184,197) | (6,615,271) | |
Loan from director | (56,026) 1,234,846 | (3,242,030) 1,234,846 | |
Loan from holding company | 3,769,121 | ||
1,178,820 | 1,761,937 | ||
NON-CURRENT LIABILITIES | |||
Long term loan from related parties | |||
Deferred liabilities | 89 7s6 | ||
1,094,959 | 189,7S6 | ||
CURRENT LIABILITIES | |||
Trade and other payables | 996,629 | 1,346,118 | |
Short term borrowings | 626,810 | 1,081,84S | |
Mark up accrued | 120,740 | 46,513 | |
Unclaimed dividend | 164 | 164 | |
1,744,343 | 2,474,640 | ||
CONTINGENCIES AND COMMITMENTS | |||
TOTAL EQUITY AND LIABILITIES | 4,018,122 | 4,426,333 | |
ASSETS | |||
NON-CURRENT ASSETS | |||
Property, plant and equipment | 3,557,658 | ||
CURRENT ASSETS | |||
Stores, spare parts and loose tools | 69,162 | 80,77S | |
Stock in trade | 246,609 | 256,4S6 | |
Trade debts | 26,948 | 76,993 | |
Loans and advances | 8,098 | 5,173 | |
Trade deposits, prepayments and other receivable | 225,975 | 227,031 | |
Advance income tax - net of provision for taxation | 27,888 | 6,925 | |
Cash and bank balances | 18,043 | 215,322 | |
622,723 | 868,675 | ||
TOTAL ASSETS | 4,018,122 | 4,426,333 | |
Factory Unit-I / Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.
Pakistan.
Factory Unit-II:
29-Km, Lahore Sheikhupura Road, Sheikhupura.
Factory Unit-III:
12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430
Lahore Office:
128 V , Block J, Model Town, Lahore - Pakistan
Ph: 042-35836866 - 35837311
°Baluchistan Glass Limited
BALUCHISTAN GLASS LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)
FOR THE NINEMONTH PEROD ENDED MARCH 31, 2025
Annex-A2
Nine-month period ended | |
March 31 2025 | March 31 2024 |
(Rupees in thousands) | |
Three-month period ended | |
March 31 2025 | March 31 2024 |
(Rupees in thousands) | |
(Restated) (Restated)
Sales - net | 701,449 | 11,649 | 75,579 | ||||
Cost of sales | (1,071,597) | (177,811) | (139,955) | (74,151) | |||
Gross loss | (370,148) | (166,162) | (64,376) | (74,151) | |||
Administrative and selling expenses | (56,335) | (12,482) | (19,344) | (4,416) | |||
Other income | 49,153 | 12 | 9,026 | ||||
Operating loss | (377,330) | (178,632) | (74,694) | (78,567) | |||
Finance cost | (202,816) | (126,734) | (51,122) | (44,638) | |||
Loss before levies and income tax | (580,146) | (30S,366) | (125,816) | (123,20S) | |||
Levies | (8,768) | (146) | (945) | ||||
Loss before income tax | (588,914) | (30S,512) | (126,761) | (123,205) | |||
Income tax Deferred | 5,797 | 4,041 | 1,932 | 1,128 | |||
5 17) | (301,471) | (124,829) | (122,077) | |
(1.93) | (1.15) | (0.33) | (0.46) |
Loss for the period
Loss per share - basic and diluted (Rs.)
Factory Unit-I / Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.
Pakistan.
Factory Unit-II:
29-Km, Lahore Sheikhupura Road, Sheikhupura.
Factory Unit-III:
12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430
Lahore Office:
128 k' , Block J, Model Town, Lahore - Pakistan
Ph: 042-35836866 - 35837311
'Baluchistan Glass Limited
HISTAN GLASS LIMITED
NSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED)
NINE-MONTH PERIOD ENDED MARCH 31, 2025
Annex-A3
Nine-month period ended | |
March 31 2025 | March 31 2024 |
(Rupees in thousands) | |
Three-month period ended | |
March 31 2025 | March 31 2024 |
(Rupees in thousands) | |
Loss for the period | (583,117) | (301,471) | (124,829) | (122,077) | |||
Other comprehensive income | |||||||
Total comprehensive loss for the period | (583,117) | (301,471) | (124,829) | (122,077) |
Factory Unit-I / Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.
Pakistan.
Factory Unit-II:
29-Km, Lahore Sheikhupura Road, Sheikhupura.
Factory Unit-III:
12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430
Lahore Office:
128 k' , Block J, Model Town, Lahore - Pakistan
Ph: 042-35836866 - 35837311
BALUCHISTAN GLASS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED)
FOR THE NINE-MONTH PERIOD ENDED MARCH 31, 202S
Annex-A4
Issued, subscribed and paid-up share capital | Discount on shares | Capital reserve | Revenue reserve | Total equity |
Surplus on revaluation of property (land and building) -net of tax | Accumulated losses | |||
(Rupees In thousands) | ||||
Balance as on June 30, 2023 (Audited) | 2,616,000 | (514,800) | 1,045,403 | (6,117,596) | (2,970,993) | |
Incremental depreciation associated with surplus on revaluation of property - net of tax | (8,286) | 8,286 | ||||
Total comprehensive loss for the period | ||||||
Loss for the period | (301,471) | (301,471 | ||||
Other comprehensive income | ||||||
(301,471) | (301,471) | |||||
Balance as on March 31, 2024 (Un-audited) | 2,616,000 | 1,037,117 | (6,410,781) | (3,272,464) | ||
Balance as on June 30, 2024 (Audited) | 2,616,000 | 1,272,041 | (6,615,271) | (3,242,030) | ||
Issuance of further shares otherwise than right | 3,769,121 | 3,769,121 | ||||
Incremental depreciation associated with surplus on | ||||||
revaluation of property - net of tax | (14,191) | 14,191 | ||||
Total comprehensive loss for the period | ||||||
Loss for the period | (583,117) | (583,117) | ||||
Other comprehensive income |
- (583,117) (583,117)
Balance as on March 31, 2025 (Un-audited)
6,385,121 _(514,800)
1,257,850 (7,184,197) (56,026)
Factory Unit-I / Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.
Pakistan.
Factory Unit-II:
29-Km, Lahore Sheikhupura Road, Sheikhupura.
Factory Unit-III:
12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430
Lahore Office:
1286 , Block J, Model Town, Lahore - Pakistan
Ph: 042-35836866 - 35837311
'Baluchistan Glass Limited
BALUCHISTAN GLASS LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE NINE-MONTH PERIOD ENDED MARCH 31, 2025
Annex-A5
Nine-month period ended | |||
March 31, 2025 | March 31, 2024 | ||
CASH FLOW FROM OPERATING ACTIVITIES | (Rupees in thousands) | ||
Loss before levies and income tax | (580,146) | (305,366) | |
Adjustments for non-cash charges and other items: Depreciation for the period | 180,13S | 87,166 | |
Gain on disposal of operating fixed assets | (16,740) | ||
Finance cost | 202,816 | 126,734 | |
Adjusted loss before working capital changes | (213,935) | (91,466) | |
Working capital changes | |||
Decrease / (increase) in current assets | |||
Stores, spare parts and loose tools | 11,613 | ||
Stock in trade | 9,847 | 11,092 | |
Trade debts | 50,045 | 241 | |
Loans and advances | (2,925) | 605 | |
Trade deposits, prepayments and other receivables | 1,056 | (6,711) | |
(Decrease) in current liabilities | |||
Trade and other payables | (350,575) | (25,803) | |
(280,939 | (20,576) | ||
Cash used In operations | (494,874) | (112,042) | |
Payments for: | |||
Finance cost | (128,566) | (274,363) | |
Income taxes | (28,668) | (2,112) | |
Staff retirement benefits | (24) | ||
Net cash outflow from operating activities | (652,108) | (388,541) | |
CASH FLOW FROM INVESTING ACTIVITIES Sale proceeds from disposal of operating fixed assets | 19,785 | ||
Purchase of operating fixed assets | (20,921) | ||
Net cash outflow from investing activities | (1,136) | ||
CASH FLOW FROM FINANCING ACTIVITIES | |||
Loan from director - net | 173,227 | ||
Loan received from holding company | 561,000 | ||
Short term borrowings - net | (105,035) | 214,083 | |
Net cash Inflow from finandng activities | 455,965 | 387,310 | |
Net decrease In cash and cash equivalents | (197,279) | (1,231) | |
Cash and cash equivalents at beginning of the period | 215,322 | 5,714 | |
Cash and cash equlvalents at end of the period | 18,043 | 4,483 | |
Factory Unit-I / Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.
Pakistan.
Factory Unit-II:
29-Km, Lahore Sheikhupura Road, Sheikhupura.
Factory Unit-III:
12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430
Lahore Office:
128 J , Block J, Model Town, Lahore - Pakistan
Ph: 042-35836866 - 35837311
Baluchistan Glass Limited
Annexure - B
DISCLOSURE FORM INTERMS OF SECTION 96 OF THE SECURITIES ACT, 2015Name of Company: | Baluchistan Glass Limited |
Date of Report: | April 26, 2025 |
Date of Earliest Event Reported: | N/A |
Address of Head Office: | 128-J, Model Town, Lahore |
Contact Information: | Company Secretary, 128-1, Model Town, Lahore. Phone: 042-111-34 34 34 |
Disclosure of inside information by listed company
M/s Baluchistan Glass Limited (the "Company") in their meeting held at 15:00 Hours (i.e., 03:00 PM) on Saturday the April 26, 2025 at the Head Office of the Company located at 128 - J Block, Model Town, Lahore approved the financial statements for the third quarter / nine-month period ended March 31, 2025 without recommendation of any dividend, bonus, right and any other entitlement.
The financial results of the Company are attached as Annexures - Al to A5.
SignaturesPursuant to the requirements of the Securities Act, 2015, the Company has duly caused this form
/ statement to be signed on its behalf by the undersigned hereunto duly authorized.
April 26, 2025
(Mohsin Ali) Company Secretary
Factory Unit-I / Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.
Pakistan.
Factory Unit-II:
29-Km, Lahore Sheikhupura Road, Sheikhupura.
Website:
Factory Unit-III:
12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430
Lahore Office:
128 4 , Block J, Model Town, Lahore - Pakistan
Ph: 042-35836866 - 35837311