DEWAN SUGAR MILL.s LIMITED
May 30. 2025
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building, Sfock Exchange Road
Karachi, Pakistan,
FORM-3
Subject: Financial Rebuffs for fhe Half Yearly, un-audited. condensed interim Financial Statements of the Comoonv for the period ended March 31, 2025
Dear Sir.
We hove to inform you that the Board of Directors of our company in their meeting held on Thursday, May 29, 2025 at 04:30 p.m. and subsequently on Friday, day 30, 2025 at 4:30 p.m. at Karachi. recommended the following:
CASH DIVIDEND
AND/OR
BONUS SHARES
AND/OR
(iiij RIGHT SHARES
AND/OR
ANY OTHER ENTITLEMENT/CORPORATE ACTION
AND/OR
Nil Nil Nil Nil
ANY OTHER P8ICE-SENSITIVE INFORMATION Nil
The Half Yearly, un-audited, condensed interim Financial Statements of the Company for the period ended March 3y. 2025, ore as follows:
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Dlatrio ution and Se II in g Co sts
A YOUSUF OEWAN COMPANY
DEWAN SUGAR MILLS LIMITED
Registered Office: Dewan Centre. 3-A, Lalazar Beach Hotel Road. Karachi - 74000 Pakistan
rox + 9y y I as+ aosso i U•N +92 211 J 364 1
(66,32O)
12. 03 7
(zs.eeo)
1 a4, 90 1 )
C or pa ro ie Off ice: 2 nd Floor, BI ock A’, Finance & Trod e Cent re Shoh ro h• e- Foiso1, force hi-7 5 350 Po kis 4o in
Fox + 92 2 1 35Ei30886 I UAN * 92 21 1 1 3 6 d 1 11
{2 0 ,446)
DEWAN SUGAR MILL.s LIMITED
CONDENSED INTERIM sTATEM ENT OF FINANCIAL POSITIONAS AT MARCH 31, 2020
tAudite d)
R roperty, Plsint and Equiprr›ent
CURRENT ASSETS
Stores. Spares and Loose Tools Stock-in-Trade
Traoe Debts - Unsecured, Considered Good
Loans and Advances and Other Receivable - Unsecureo, considered Good
Traoe Deposits, Short-Term Prepayments and Current Balances with Statutory Authorities
lncow Tax Refunds and Advances Short Term Investment - Related Party Cash and Bank Balances
EQUITY AND UA BUTTIESSHARE EA PETAL AND REOERV ES
7.430.796
1 39,965
709,81 8
42,562
4 89,478
1 1,944
17,938
28 128
1,579,833
Authorized Capital | |
130.000,000 (2024: 130,000,000) Ordinary Shares of Rs. 10/- each | 1,300,000 |
Issued, Subscribed ana Paid-up Capital | 915,120 |
Reserves and Surplus | (5.895,009) |
Revaluation Surplus on Property Plant and E quiprnent | 318 448 |
(661 ,441) | |
NON-CURREbtT UA BILL TIE5 | |
Sponsors Loan - Unsecured | 461,075 |
Long T erm Finance (Secured) | |
Long Term Interest Payable | |
Deferred Liabilities | 1,685,20 1 |
CURRENT LlABlLTTtEO TraoeanootnetPayames-Unsecneu | 4, 503,288 |
Interest, Profit, Mark-up Accrued on Loan s and Othe r Payables | 120J0 |
Short Term Finances - Secured | 192196 |
Unclaiwd Dividends | 770 |
Current Portion of Non-Current Liabilities | 2.632,929 |
Provision for Taxation | 184,601 |
7.525,794 | |
CONTINGENC YES MMMCM ENYS |
9. 01 0,629
DEWAN SUGAR MILLS LIMITED
Reg*sfe‹ ed Office: Dewan Centre, 3-A, Lalazar Beach Holel F'oad Karachi - 74000 Pakistan
rox - 92 2 1 35630860 I UAN + 92 2 1 1 1 364 J 11
C or po role Olficei . 2 nd F Too r, 8Iock A’, Fin a nce & Trod e Cent re
Fox + 92 2 1 3563000G I UAN + 92 21 1 11 364 1 1 1
DEWAN SUGAR MIL.LS L.IMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE HALF YEAR ENDED MARCH 31, 2025
Issued, Subscribed & Paid-up Capital | General Reserve | Accumulated Profits( Loss) | Revaluation Plant 8 fouipment |
(Rupees in '000')
Balance as on October 01, 2023 Loss for the period
Incremental depreciation transferred from surplus on revaluation of propery, plant and equipment - Net of tax
Balance as on March 31, 2024
915,120 190,000 (5,649,465) 3,246,150 (1,297,995)
(151,177) (151,177)
-- 112,M7 (112,547) —
915,120 190,000 (5,688,095) 3,133,803 (1,449,172)
Balance as on October 0f, 2024 | 9JS,120 | t90,000 | (6,@5,009) | 4,318,448 | (661,441) | |
Loss for the period | - | - | (621,031) | — | (621,031) | |
Incremental depreciation transferred trorn surplus on revaluation of propery, plant and equipment - Net of tax | - | - | 136,841 | (136 641) | — | |
Balance as on March 31, 2025 |
A YOUOUF OEVVAN COMPANY
DEWAN SUGAR MILLS LIMITED
Registered Office: Dewan Centre, 3-A, Latazar Beech Hotal Road, Karachi - 74000 Pakistan
Fox + 97 2 1 3SS3086O I UAN * 92 2 1 1 1 1 36 1 1 1
Corporaie Off*ce 2nd Floor, Bloc!s A', Finonce & Trade Centre
CONDENSED INT ERIM STATEMENT OF CASH FLOWS (UN-AUDITED) FOR THE HALF YEAR ENDED MARCH 31, 2025
Cas h F|ow from Operating A Cti v itie s ( LossJ Before T a xati on
Adjustment for Non- C ask and Other Items
Dep reci ation
Finacci aI C la rg es
Change s in Ope rating Assets and Liabilit ies
(Inc re as e) / De c re as e in Curre nz A s s ets
Store s and Spe res
T rad e DeDts
Loans and Advances
T rad e Deposits ° repay ments & Other Balances
Increas e / /Oecreaseg in Current Liabilities
”rade and Other Payables
SPort T erm Finances
T axes aid
F nancial Charg e s Paid
/Ve‹ Cash PIows from Operating Aciivities
Cash Flow from 1nv e sting Activ itie s Fixed Cap itaI E xpenditure
Net Cash Out F/o vs from Investing Activities
Cash Flow from Financ ing A ctiv itie s
Ne I Cas h Ou i F/ovvs fro m Minan c/ng A cr vzties
Net increase ID ecrea se) in Ca sh an d Bank Balance s Ca sD arJd Bank Balance s at BegInn‹n g of the Period Ca sh an d Bank Balance s at the End of the Period
}Ru pe es in '000')
(1 84 9 01
19B 67?
28 93O
247,180 22? 6Gc
u2 7OS
15 31
( 180 2T3
(32 * 32 ›
19 090
2.2 76
187 4O7
(1O,S26)
(228)
(10,753)
74,6¥7
(18543)
( 1 1 2 1 2)
( 1 1 2 T 8)
(671)
(671)
('1,834)
2,072
28,428
2
860›
33926
29066
The Auditors have given observation on loans and markuD, further non-provisioning of the markuD and observation on going concern assumption of the Company.
Th e Ha!* eat ly R eoort ot the ComDany for the Deriod ended March 3 2023 wil! be transmitted throng h PU ARS seooro tely within he soeuified time.
Muhom ad II s Abdul Softar
C fief inaneill Officer
Mehmood ul Hassan Asg Direx tor