DOST STEELS LIMITED
ANNUAL REPORT
2024
Our Vision
- To recognize globally as a leading supplier of steel large bar of the highest quality standards, with market leading standards of customer service.
- Business development by adoption of emerging technologies, growth in professional competence, support to innovation. Enrichment of human resources and performance recognition.
Our Mission
- To manufacture and supply high quality steel large bar to the construction sector whilst adopting safe and environmentally friendly practices.
- To remain the preferred and consistent supply source for various steel products in the country.
- Offer products that are not only viable in terms of desirability and price nut most importantly give true and lasting value to our customers.
- To fulfill special obligation and compliance of good governance.
- Ensure that the business policies and targets are in conformity with national goals.
- Deliver strong returns on investments of our stakeholders by use of specialized and high quality corporate capabilities with the combined use of modern bar mill practices, enterprise class software on a web based solution and targeted human resource support.
Corporate Strategies
- Ensure that the business policies and targets are in conformity with national goals.
- Establish a better and safer work environment for all employees
- Contribute in National efforts towards attaining sustainable self-efficiency in steel products,
- Customer's satisfaction by providing best value and quality products.
- Maintain modern management system conforming to international standards needed for an efficient organization.
- Ensure to foster open communications, listen, and understand other perspectives.
- Acquire newer generation technologies for effective and efficient operations.
COMPANY INFORMATION | ||
Board of Directors | ||
Mr. Naim Anwar | Director/ Chairman | Shares Registrar |
Mr. Suhail Elahi | Director/ CEO | |
Mr. Zahid Iftakhar | Director | Corplink (Pvt) Limited |
Mr. Jamal Iftikhar | Director | Wings Arcade, 1-K Commercial |
Mr. Shahab Mahboob Vora | Director | Model Town |
Mr. Mian Abuzar Shad | Director | Lahore |
Mr. Murtaza Hussain | Director | |
Mr. Muhammad Shakeel | Director | |
Nominated by NBP | ||
Mr. Asim Jilani | Director | |
Nominated by FBL | ||
Head Office/Registered Office | ||
4th Floor, Ibrahim Trade Centre | ||
Audit Committee | 1-Aibak Block, Barkat Market | |
Mr. Murtaza Hussain | Chairman | New Garden Town |
Mr. Mian Abuzar Shad | Member | Lahore-54700, Pakistan |
Mr. Suhail Elahi | Member | Ph: # 042-35941375-77 |
Lahore-54700, Pakistan | ||
Human resource & Remuneration | ||
Committee | ||
Mr. Suhail Elahi | Chairman | Auditors |
Mr. Muratza Hussain | Member | Rahman Sarfaraz Rahim Iqbal Rafiq |
Mr. Mian Abuzar Shad | Member | Chartered Accountants |
Chief Financial Officer | Legal Advisor | |
Mr. Shahid Ali | Mr. Ahsan Masood, Advocate | |
Masood & Masood Corporate & | ||
Company Secretary | Legal Consultants, 102 Upper Mall | |
Mr. Afzal Shehzad | Scheme Lahore | |
Ph: No. +92(0)42 37363718 | ||
Bankers | Plant Address | |
Faysal Bank Limited | 52 Km Lahore Multan Road | |
National Bank of Pakistan | Phool Nagar, Distt Kasur Punjab | |
Askari Commercial Bank Limited | ||
Bank of Khybar | Web Presence | |
Pak Kuwait Investments Co. (Pvt.) | www.doststeels.com | |
Limited | e mail:info@dosteels.com | |
Saudi Pak Industrial & Agricultural | ||
Investment | ||
Co. Limited | ||
United Bank Limited | ||
Silk Bank Limited | ||
Soneri Bank Limited | ||
Summit Bank Limited | ||
Bank Alfalah Islamic | ||
Meezan Bank |
DOST STEELS LIMITED
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the Annual General Meeting of the shareholders of Dost Steels Limited will be held on November 27, 2024 at 12.00 p.m. at Room Number 401, 4th Floor, Ibrhaim Trade Centre 1 Aibak Block, Barket Market, New Garden Town Lahore to transact the following business.
ORDINARY BUSINESS:
- To confirm and approve the minutes of the Extra Ordinary General Meeting held on September 19, 2024.
- To receive, consider and adopt the audited financial statements of the Company for the year ended June 30, 2024 together with the Chairman's review, Directors' and Auditors' reports thereon.
- To appoint Auditors for the year ending June 30, 2025 and fix their remuneration.
ANY OTHER BUSINESS:
4. To consider any other business with the permission of Chairman.
By order of the Board | |
Karachi: November 5, 2024 | Company Secretary |
Notes:
1. The Share Transfer Books of the Company shall remain closed from November 21, 2024 to November 27, 2024 (both days inclusive). Transfers received at our registrar office M/s Corplink (Pvt) Limited, Wings Arcade, 1-K Commercial, Model Town, Lahore by the close of business on November 20, 2024 will be treated in time.
- A member entitled to attend and vote at this meeting may appoint another person as his/her proxy to attend, speak and vote instead of him/her behalf at the meeting. Proxies, in order to be valid, must be received at the registered office of the Company not later than 48 hours before the meeting. A member shall not be entitled to appoint more than one proxy.
- Central Depository Company (CDC) shareholders are requested to bring their Computerized National Identity Cards, Account/Sub-Account and Participant's ID Number in the CDC for identification purpose when attending the meeting. In case of corporate entity, the Board's Resolution/Power of Attorney with specimen signature shall be furnished (unless it has been provided earlier) at the time of meeting.
- Members who have not yet submitted photocopy of their Computerized National Identity Cards to the Registrar of the Company are requested to send the same at the earliest.
- Shareholders are requested to notify to the Company's Share Registrar immediately of any change in their addresses.
- Members have the option to receive Annual Audited Financial Statements and Notice of General Meeting through email. Members can give their consent in this regard on prescribed format to the Shares Registrar. The Audited Accounts of the Company for the year ended June 30, 2024 are also available on the Company's website: www.doststeels.com.
- Form of Proxy is enclosed.
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