Transmission of Annual Financial Statements for the Year Ended June 30, 2025

EVEf?' 3OURNEY

CAS A DESTINATION

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PREMIUM. PRECISION. PERFORMANCE.

That Redefine the Drive

For over six decades, GTR Tyre has been the trusted choice for generations of drivers, delivering unmatched quality and performance on every road. Today, we set the bar even higher. With world-class engineering, International technology, and relentless innovation, we are redefining what it means to drive. Every tread, every contour, and every detail is crafted with precision, ensuring our tyres are not just a product but a promise of safety, control, and confidence. This is more than mobility, it is about empowering journeys, enabling dreams, and inspiring achievers to reach new destinations. Together with our customers, dealers, and partners, we are not just driving vehicles, we are shaping the future of the road. At GTR, premium is not an option, it is our standard. Precision is our craft. Performance is our legacy. And with every mile, we redefine the drive.

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Directors' Report in (Urdu) Participation in Exhibitions Notice of Annual General Meeting Financial Performance Statement of Compliance

Gender Pay Gap Statement

Independent Auditor's Review Report on Compliance Independent Auditor's Report on Financials Financial Statements

Statement of Financial Position

Statement of Profit or Loss and other Comprehensive Income

Statement of Changes in Equity Statement of Cash Flows

Notes to and Forming Part of the Financial Statements Pattern of Shareholding

Categories of Shareholders Proxy Form (English & Urdu)

THE

Lieutenant General (R) M. Habibullah Khan Khattak, also known as Muhammad Habibullah Khan, was a Pakistani Army officer born in Wana, Khyber Pakhtunkhwa, Pakistan. After his premature retirement from the Army he closely involved in private industry sector under the umbrella of Bibojee Group. Lt General (R) M. Habibullah Khan Khattak was the Founder Chairman of the Bibojee Group of Companies.

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Today, the Bibojee Group is an industrial empire with an extensive portfolio of businesses comprising of Pakistan's largest Automotive tyre manufacturing company, automobile plants, cotton spinning mills, a woolen mill, a general insurance company, a construction company and a trusts for supporting education.

05

A BRIEF

Ghandhara Tyre and Rubber Company Limited (formerly known as The General Tyre and Rubber Company of Pakistan Limited) came into existence in 1963, at Landhi Industrial Area, Karachi and commenced its production in July 1964.

The Company was then established by General Tire International Corporation (GTIC) of USA, with a total capacity of only 120,000 tyres per annum.

GTR is the first & largest automotive tyre manufacturer in the country producing steel belted tubeless radial tyres for cars, SUVs and 4×4 vehicles. While bias or cross ply construction tyres for some light trucks, trucks/buses, tractors, rickshaw, motorcycle including excavator and OTR tyres.

The Company caters four different markets. (1) Original Equipment Manufacturer, (2) Replacement or After Market, (3) Government Departments/Institutions, (4) Export Market.

GTR sells its tyres in replacement market through more than 180 nationwide authorized dealers most of whom have been working with GTR for more than three generations setting a milestone on customer loyalty and satisfaction.

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GTR is the largest tyre supplier to all OEMs meeting almost 75% of their requirement. To meet the quality standards of OE, tyres are tested in Japan China & Europe. At present, tyres (mainly agriculture) are being exported to Afghanistan and Egypt. It has been engaged in manufacturing & exporting tyres (FAST) for Formula III racing car to UK, Italy & Sweden from 1988-1998.

GTR is also ISO certified registered company acquired ISO 9001, ISO 14001 & ISO 45001-2018 Occupational Health & Safety Management System. GTR has been enlisted among few limited companies in Pakistan who achieved this certification.

It has Head Office / main warehouse in Karachi while branch offices / warehouses are located in four major cities of Pakistan namely Islamabad, Lahore, Multan and Sukkur.

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To be the leader in tyre technology by building the Company's image through quality improvement, competitive prices, customer satisfaction and meeting social obligations.

• To endeavor to be the market leader by enhancing market share, consistently improving

  efficiency and the quality of our products.

• To offer quality products at competitive prices to our customers.

• To improve performance in all operating areas, so that profitability increases thereby

  ensuring growth for the company and increasing return to the stakeholders.

• To create a conducive working environment leading to enhanced productivity, job satisfaction and personal development of our employees.

• To enhance productivity and continue discharging its obligation to environment by contributing to social welfare and adopting environmental friendly practices and processes to serve the society.

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Self-reliance

We aim to reduce dependence on imported tyres to help establish a strong domestic manufacturing base.

Innovation

We focus innovation in harmony with nature, by utilizing eco-friendly materials and processes in tyres production to ensure substantial growth.

Sustainability

We prioritizes long-term environmental and social responsibility merged with ethical practices.

Integrity

We conduct business with honesty and transparency with our customers, employees and the community.

Teamwork

We encourage a collaborative work environment where long lasting relationships are formed and employees are valued and motivated.

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The independent rating agency PACRA has maintained Company's long-term rating to A+ (plus) and short-term rating to A1, after evaluating business/financial risk profile of the Company. This rating reflects stable outlook of the Company in the automobile and allied sector.

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COMPANY

BOARD OF DIRECTORS

Lt Gen (R) Ali Kuli Khan Khattak - Chairman

Mr. Hussain Kuli Khan - Chief Executive Mr. Ahmad Kuli Khan Khattak

Mr. Atif Anwar

Mr. Ikram-ul-Majeed Sehgal Mr. Manzoor Ahmed

Mr. Muhammad Kuli Khan Khattak Mrs. Nazia Qureshi

Mr. Naeem A. Sattar Syed Ahmed Iqbal Ashraf

CHIEF FINANCIAL OFFICER

Mr. Siraj A. Lawai

COMPANY SECRETARY

Mr. Athar A. Khan

HEAD OF INTERNAL AUDIT

Mr. Zia Akhtar

BOARD AUDIT COMMITTEE

Syed Ahmed Iqbal Ashraf - Chairman Lt Gen (R) Ali Kuli Khan Khattak

Mr. Ahmad Kuli Khan Khattak Mr. Manzoor Ahmed

Mr. Naeem A. Sattar

BOARD HUMAN RESOURCE & REMUNERATION COMMITTEE

Mr. Ikram-ul-Majeed Sehgal - Chairman Lt Gen (R) Ali Kuli Khan Khattak

Mr. Ahmad Kuli Khan Khattak Mr. Atif Anwar

Mr. Hussain Kuli Khan Mr. Manzoor Ahmed Mrs. Nazia Qureshi

AUDITORS

M/s. Shinewing Hameed Chaudhri & Co. Chartered Accountants

LEGAL ADVISOR

M/s. Ahmed and Qazi Associates

SHARE REGISTRAR

CDC Share Registrar Services Limited

* Sequence of names in alphabetical order

BANKERS

Al-Baraka Bank Pakistan Limited Askari Bank Limited

Bank Al-Falah Limited

Dubai Islamic Bank Pakistan Limited Faysal Bank Limited

Habib Bank Limited

Habib Metropolitan Bank Limited JS Bank Limited

MCB Bank Limited

MCB Islamic Bank Limited National Bank of Pakistan Samba Bank Limited

The Bank of Punjab The Bank of Khyber United Bank Limited

REGISTERED OFFICE & FACTORY

H-23/2, Landhi Industrial and Trading Estate, Landhi, Karachi

Phone: 021-35080172-81, 021-38020207-13

UAN: 021-111 487 487

Fax: 021-35080171

Website : https://www.gtr.com.pk

BRANCH OFFICES

Islamabad Office

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Plot No. 148-149, Khuda Baksh Road, Saraan Kahuta, Industrial Triangle, Kahuta Road, Hummak Islamabad.

Phone No: 051-5971612-13, 051-5971650

Fax No: 051-5971615

Lahore Office (Sales & Service Centre)

Plot No. 20, Shahrah-e-Fatima Jinnah, Lahore Phone No: 042-36308605-6

Fax No: 042-36308607

Multan Office

Plot No. 758-759/21, Khanewal Road, Multan Phone No: 061-774407

Fax No: 061-774408

Sukkur Warehouse

Plot No. B30/8, Site Area, Sukkur Phone No: +92 300 0562502

Pakistan Stock Exchange Limited

Stock Exchange Symbol GTYR

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KEY

The Company was originally established by General Tire International Corporation (GTIC), USA, with an initial production capacity of 120,000 tyres per annum and was engaged in exporting tyres worldwide. Subsequently, Lt General (R) M. Habibullah Khan Khattak, Chairman of the Bibojee Group of Companies, acquired the business and rebranded it as The General Tyre and Rubber Company of Pakistan Limited.

1963 1964

INCORPORATION OF GENERAL TYRE

The General Tyre and Rubber Company of Pakistan Limited was incorporated under the Companies Act, VII of 1913, in Karachi on the 7th day of March, 1963.

COMMENCED THE PRODUCTION

The General Tyre and Rubber Company of Pakistan Limited commenced production in July 1964, becoming the first and largest automotive tyre manufacturer in the country. The plant initially had a production capacity of 120,000 tyres per annum. The Company specializes in manufacturing steel-belt-ed, tubeless radial tyres for cars, SUVs, and 4x4 vehicles.

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1993 1992

LAUNCH PAKISTAN FIRST RADIAL TYRE

The General Tyre and Rubber Company of Pakistan Limited made history by launching the country's first radial tyre in 1993. This pioneering achievement not only transformed the domestic tyre industry but also set new benchmarks for quality, performance, and durability, aligning Pakistan's automotive sector with global technological standards.

INTRODUCED FORMULA III RACE TYRE FOR FAST UK

In 1992, The General Tyre and Rubber Company of Pakistan Limited achieved a significant milestone by introducing the 'Formula III' race tyre for FAST, United Kingdom. This development marked the Company's entry into the specialized motorsport segment, showcasing its technological expertise, innovation, and ability to meet international performance standards.

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1977

ACQUISITION OF SHARES

M/s. General Tire International Corporation divested 90% of its equity holding in The General Tyre and Rubber Company of Pakistan Limited to M/s. Bibojee Services Limited, while retaining a 10% shareholding in the company.

1983

GTYR BECOME

A LISTED COMPANY

The Company become a listed simultaneously with Karachi and Lahore stock exchanges of Pakistan.

1987

TECHNICAL SERVICES BY CONTINENTAL AG, GERMANY

Continental AG, Germany's number one tyre manufacturer purchased 10% ownership by GTIC and starting provides Technical Assistance to the General Tyre under a program, which includes training of our people, formulations, recipe, and selection of equipment and acquiring of raw materials from approved suppliers.

1985

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EXPANSION OF PLANT

To meet growing market demand, the Company undertook a major expansion of its existing plant, increasing its annual production capacity from 120,000 to 600,000 tyres.

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2012

2001

EXPANSION OF PLANT

To meet growing market demand, the Company undertook a major plant expansion to enhance its annual production capacity from 600,000 to 800,000 tyres.

INTRODUCED MOTOR CYCLE TYRE

The General Tyre and Rubber Company of Pakistan Limited diversified its product portfolio by introducing motorcycle tyres in 2012. This strategic move allowed the Company to cater to the rapidly expanding two-wheeler segment, tapping into new market opportunities while maintaining its commitment to quality, safety, and performance.

2021

ESTABLISHED NEW BRAND NAME - GTR

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The dynamics of the market is changing and the middle class is entering the car market. They are looking for a different dynamic when it comes to purchasing the tyres. The company as a strategic move to get a major share of this new and growing market and has decided to modernize the outlook of the brand name from General Tyre to "GTR Tyre" as a parallel brand to capture the imagination of this new class of enthusiast motorists mainly youth which will find the name classy, easy to use and a certain dynamism about it. A modern name with a modern look.

2021

CHANGE OF NAME OF COMPANY

The change of name of Company from The General Tyre and Rubber Company of Pakistan Limited to Ghandhara Tyre and Rubber Company Limited on 8th day of December, 2021.

2023

DEVELOPMENT OF OTR TYRE

In 2023, the Company successfully developed Off-The-Road (OTR) tyres, marking a strategic expansion of its product portfolio to cater to the demanding requirements of heavy-duty vehicles used in construction, mining, and industrial applications. This development demonstrates the Company's technical expertise, innovation capabilities, and commitment to diversifying its market reach. The introduction of OTR tyres not only strengthens the Company's position in the domestic market but also opens new opportunities in export markets, reinforcing its vision of delivering durable, high-performance products tailored to specialized industry needs.

2024

TECHNICAL SERVICES AGREEMENT WITH SHRC

GTR had signed a Technical Service Agreement with Shandong Huasheng Rubber Co., Ltd. (SHRC) in September 2024 for a term of seven years. This agreement aims to enhance GTR's manufacturing processes by leveraging SHRC's advanced technical expertise and proprietary knowledge.

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2016

OBTAINED CERTIFICATION ISO 14001 EMS & ISO 45001 OHSMS

In 2016, The General Tyre and Rubber Company of Pakistan Limited achieved a significant milestone by obtaining ISO 14001 Environmental Management System (EMS) certification and ISO 45001 Occupational Health and Safety Management System (OHSMS) certification. These recognitions reflect the Company's commitment to sustainable practices, environmental stewardship, and the highest standards of workplace health and safety.

2017

INCLUDE NEW MOTHER MACHINE MIXER CONVEYOR BELT SYSTEM

The General Tyre and Rubber Company of Pakistan Limited enhanced its manufacturing capabilities by installing a new state-of-the-art Mother Machine Mixer Conveyor Belt System in 2017. This technological upgrade improved production efficiency, ensured consistent product quality, and reinforced the Company's focus on adopting advanced manufacturing solutions to meet evolving market demands.

2021

CERTIFICATION OF E-MARKED UNR - 30 & UNR - 54

In 2021, the Company achieved a significant milestone by obtaining E-Mark certification for UNR-30 and UNR-54 standards, reflecting its commitment to meeting internationally recognized safety and performance benchmarks. This certification not only validates the Company's adherence to stringent regulatory requirements but also enhances the credibility and competitiveness of its products in global markets. It underscores the Company's focus on quality assurance, regulatory compliance, and continuous improvement to meet the evolving needs of domestic and international customers.

2018

DEVELOPED 17" PASSENGER CAR RADIAL (PCR) TYRE

In 2018, The General Tyre and Rubber Company of Pakistan Limited expanded its product range by developing a 17-inch Passenger Car Radial (PCR) tyre. This innovation catered to the growing demand for high-performance tyres in premium vehicles, reflecting the Company's commitment to technological advancement, product diversification, and meeting evolving customer preferences.

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2024

MEMORANDUM OF UNDERSTANDING WITH SHRC

GTR has entered into a non-binding Memorandum of Understanding (MoU) with Shandong Huasheng Rubber Co., Ltd. (SHRC) in December 2024, plan to explore the possibility of setting up a joint venture company in Pakistan.

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ORGANIZATIONAL

COMMITTEE

AUDIT

BOARD

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HEAD OF INTERNAL AUDIT

SR. GM PLANT & PROJECTS

CHIEF INFORMATION OFFICER

GM SALES & MARKETING

GM PLANT ENGG. & PROJECTS

GM QUALITY CONTROL

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BOARD HR&R COMMITTEE

CHIEF EXECUTIVE OFFICER

CHIEF FINANCIAL OFFICER

COMPANY SECRETARY

DGM ADMIN & CORPORATE AFFAIRS

HEAD OF PROCUREMENT

CHIEF HUMAN RESOURCES OFFICER

HEAD OF HSE & QUALITY ASSURANCE

CORPORATE

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Sep, 24

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Sep, 24

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Sep, 24

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Oct, 24

Board Audit Committee Meeting

To consider and recommend the Annual Audited Accounts for the year ended June 30, 2024.

Board HR&R Committee Meeting To discuss Annual Increment, Bonus, etc. of Management Staff.

Board of Directors Meeting

To consider and approve the Annual Audited Accounts for the year ended June 30, 2024.

Board Audit Committee Meeting

To consider and recommend the First Quarter Accounts for the period ended September 30, 2024.

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Oct, 24

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Oct, 24

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Oct, 24

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Oct, 24

Board HR&R Committee Meeting

To review HR policies.

Board of Directors Meeting

To approve the First Quarter Accounts for the period ended September 30, 2024.

Annual General Meeting

To consider and approve the Annual Audited Accounts for the year ended June 30, 2024.

Corporate Briefing Session

To brief the shareholders/investors/ analysts about the Company's business operations, financial performance and future outlook.

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Jan, 25

Board Audit Committee Meeting

To consider and review internal audit report.

Apr, 25

Board HR&R Committee Meeting

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To review HR policies.

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Feb, 25

Board Audit Committee Meeting

To consider and recommend the Second Quarter/Half Year Accounts for the period ended December 31, 2024.

Apr, 25

Board of Directors Meeting

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To consider and approve the Third Quarter/Nine Months' Accounts for the period ended March 31, 2025.

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Feb, 25

Board HR&R Committee Meeting

To review HR policies.

Board of Directors Meeting

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To consider and review the matters June, 25 other than the financial results.

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Feb, 25

Board of Directors Meeting

To consider and approve the Second Quarter/Half Year Accounts for the period ended December 31, 2024.

Board Audit Committee Meeting

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To consider and recommend the June, 25 Annual Budget of the Company.

Apr, 25

Board Audit Committee Meeting

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To consider and recommend the Third Quarter/Nine Months' Accounts for the period ended March 31, 2025.

Board of Directors Meeting

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To consider and approve the Annual June, 25 Budget of the Company.

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BOARD OF

Hussain Kuli Khan

Chief Executive Officer

Lt Gen (R) Ali Kuli Khan Khattak

Chairman

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Lt Gen (R) Ali Kuli Khan Khattak is a distinguished military and business leader. An alumnus of Aitchison College and the Royal Military Academy Sandhurst, he also holds a Master's degree from Quaid-e-Azam University, Islamabad. After retiring as Chief of General Staff from the Pakistan Army in 1998, he joined his family's prominent industrial group in Khyber Pakhtunkhwa. He currently serves as Chairman of Ghandhara Automobiles Limited and Ghandhara Industries Limited and is the Chief Executive of Janana De Malucho Textile Mills Limited. His diverse leadership extends across automotive, insurance, textiles, construction, and financial services.

A transformational leader with over 20 years of impact, Mr. Hussain Kuli Khan has been at the helm of Ghandhara Tyre and Rubber Company Ltd (GTR) as a CEO since 2015. His journey with GTR began in 2006 as General Manager of Plant and Logistics Operations and moved up to Chief Operating Officer (COO) by 2009 where he introduced strategic initiatives and strengthened supply chain. Prior to GTR he was at JDM Textile Mills Ltd (1997-2006) where he was Executive Finance and Executive Director of Finance and helped to establish fiscal discipline and operational efficiency. Mr. Hussain's philosophy is to empower teams, innovate and deliver customer centric solutions. Outside GTR he has shaped industry policies as President of Landhi Association of Trade and Industry (LATI) and Chairman APTMA Khyber Pakhtunkhwa. He is also a Certified Director from Pakistan Institute of Corporate Governance (PICG), and serves as an Independent Director at Air Link Communication Limited, a trailblazer in Pakistan's telecom sector renowned for transforming the nation's technology and telecommunication landscape through a decade of remarkable growth. Mr. Khan has a Business Administration degree from Gettysburg College, USA with advanced professional training in Europe. With inherited entrepreneurial wisdom and modern governance, Mr. Hussain promotes ethical leadership and talent development and has made GTR a resilient industry leader in Pakistan's changing economic landscape.

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Mr. Ahmad Kuli Khan Khattak

Director

Mr. Ahmad Kuli Khan Khattak brings with him a unique blend of military discipline and business acumen. A retired Wing Commander of the Pakistan Air Force, he served for over two decades and was awarded various honors during his tenure. Post-retirement, he transitioned into the corporate world with 25 years of experience in the automobile and textile sectors. He has served on the boards of multiple companies, including Ghandhara Automobiles Limited, Ghandhara Industries Limited, and Universal Insurance Company Limited. His strategic oversight has significantly contributed to the group's business growth and diversification.

Syed Ahmed Iqbal Ashraf

Director

Syed Ahmed Iqbal Ashraf is a senior banking executive with over 34 years of global and domestic experience. A Fellow of the Association of Chartered Certified Accountants (UK), he began his career abroad and has worked across the UK, USA, and UAE before returning to Pakistan. He has held prominent roles including President of National Bank of Pakistan and MD/CEO of PAIR Investment Company Limited. His expertise in financial strategy, corporate governance, and institutional leadership makes him a key asset to GTR's board. Mr. Ashraf is a Certified Director from the Pakistan Institute of Corporate Governance (PICG).

Mr. Manzoor Ahmed

Director

Mr. Manzoor Ahmed, assumed charge of the post of Managing Director (Acting), National Investment Trust Limited on February 14, 2025 Being, COO, he has been successfully managing the operations and investment portfolio worth over Rs. 215 billion. He has experience of over 33 years of the Mutual Fund industry and has been placed at many key positions within NIT that includes capital market operations, investment management, product development, research and liaising with the regulatory authorities. He has also served NIT as its Managing Director (Acting) twice from May 2013 to May 2014 and September 2017 to February 2019. He is M.B.A. and also holds D.A.I.B.P. He has also been the Council Member of The Institute of Bankers Pakistan. Presently, he is pursuing Chartered Financial Analyst (CFA) level III. Mr. Ahmed has also attended various training courses organized by institutions of international repute like London Business School (LBS) UK, Institute of Directors, London and Financial Markets World, New York (USA). Mr. Ahmed has vast experience of serving on the Boards of various top-ranking companies of Pakistan belonging to the diverse sectors of economy. Currently, he represents NIT as Nominee Director on the Board of Directors of many leading national and multinational companies including commercial banks of Pakistan. Mr. Ahmed is a Certified Director from Pakistan Institute of Corporate Governance (PICG). Mr. Ahmed is member of the Defence Authority Country & Golf Club - Karachi, Rotary Club-Karachi and is also member of Executive Committee of a Hospital for welfare of underprivileged.

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Mr. Ikram-ul-Majeed Sehgal

Director

Mr. Muhammad Kuli Khan Khattak

Director

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Mr. Ikram Sehgal is a renowned security analyst, entrepreneur, and corporate leader. He has served on the boards of several notable institutions, including K-Electric and Bank Alfalah, and is a former Director of the East West Institute, USA. He has actively contributed to global think tanks such as the World Economic Forum, the Swiss-Asian Chamber of Commerce, and the International Organization for Migration. He has also advised on CPEC-related projects through the National Institute of Strategic Communication, Peking University, China. Mr. Sehgal is a regular speaker at strategic forums and is a Certified Director from the Pakistan Institute of Corporate Governance (PICG).

Mr. Muhammad Kuli Khan Khattak is an accomplished automotive industry professional with strong expertise in sales, marketing, and business development. He serves as Deputy Chief Executive Officer at Ghandhara Industries Limited and has played a key role in driving innovation and strategic growth. A graduate of Bahria University with BBA and MBA degrees, he has further sharpened his business insight through a specialized course in business development from the London School of Economics. He is also a Certified Director from the Institute of Chartered Accountants of Pakistan (ICAP).

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Mrs. Nazia Qureshi

Director

Mr. Naeem A. Sattar

Director

Ms. Nazia Qureshi is an experienced banking professional with a career spanning over 23 years. She began at Deutsche Bank AG and later joined Habib Bank Limited, where she worked in the Corporate and Investment Banking Group for 19 years. She holds a Master's degree in Business Administration and is a Certified Director from the Institute of Chartered Accountants of Pakistan (ICAP). Ms. Qureshi has worked extensively across sectors such as power, FMCGs, packaging, and pharmaceuticals, with deep expertise in structuring and executing complex financing transactions. She also serves on the boards of charitable organizations focused on education for underprivileged children.

Mr. Atif Anwar

Director

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Mr. Naeem A. Sattar is a finance and governance professional with over 22 years of experience in accounting, taxation, budgeting, and corporate secretarial practices. He currently serves as Company Secretary at Pakistan Kuwait Investment Company (Pvt.) Ltd. (PKIC). A Fellow Member of the Institute of Cost and Management Accountants of Pakistan (FCMA), he previously worked with A.F. Ferguson & Co., one of the country's premier accountancy firms. Mr. Sattar is a Certified Director from the Pakistan Institute of Corporate Governance (PICG) and plays a vital role in maintaining regulatory compliance and ethical business conduct at the board level.

Mr. Atif Anwar is a seasoned finance professional currently serving as Head of Treasury, Capital Markets, and Financial Institutions at Pakistan Kuwait Investment Company (Pvt.) Ltd. (PKIC). With an MBA in Finance and over 18 years of experience in financial institutions including Faysal Bank and MyBank, he specializes in treasury operations and capital markets. Mr. Anwar is a Certified Director from the Pakistan Institute of Corporate Governance (PICG) and represents PKIC on the boards of various companies, contributing valuable insights in financial structuring and investment strategy.

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QUALITY

We are a company of dedicated people who enjoy working as a team and with our customers in an enterprise committed to quality.

We will continually strive to bring improvement in our products, services and quality management system to meet or exceed our customer needs and expectations.

We will work within the Framework of legal and regulatory requirements.

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HSE

Ghandhara Tyre and Rubber Company Limited recognizes Occupational Health, Safety and Environment as one of its guiding principles and a key component of our corporate social responsibility.

We are committed to protect environment specifically prevention of pollution and ensure a safe and healthy working environment with consultation and participation of our stake holders by minimizing HSE impacts and risk levels as a result of business activities. We are committed to comply with all applicable Occupational HSE legislations and regulations. We ensure required HSE standards and procedures are established and implemented. We train and motivate all our employees to empower them to play an active role in company's pledge to its HSE policy.

We set demanding targets and measure progress to ensure continual improvement in HSE performance. We follow the approach of Reduce-Reuse-Recycle for resource conservation

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CODE OF

Ghandhara Tyre and Rubber Company Limited (GTR) is committed to conduct its affairs ethically and lawfully. This Code of Conduct establishes policies and procedures that are intended to guide employees, officers, and directors in the performance of their duties and responsibilities and ensure compliance with the Company's commitment to ethical and lawful conduct.

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Obeying the Law.

The Company takes responsibility to comply with laws and regulations very seriously and each of us is expected to comply with applicable legal requirements and prohibitions.

Work Environment

The Company will maintain a safe work place, which is free from discrimination and harassment based on race, religion, sex, age, disability or any other impermissible factor.

Consumers Satisfaction

The Company is committed to produce products that are safe and effective. In developing and manufacturing product, the Company has established and will comply with standards that meet or exceed regulations promulgated by the laws. In manufacturing its products, the Company will comply with all applicable laws and regulations, including those relating to the environment and occupational health and safety.`

Competition

The Company will compete for all business opportunities vigorously, fairly, ethically and legally. The Company will comply with all laws, regulating competition and will not discuss pricing, cost, production plans, business strategies, or any other proprietary or confidential information with its competitors.

Business Partner

The Company will represent its products and services accurately and will comply with applicable regulatory and legal requirements governing the marketing and sale of its products and services to become a business partner.

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Recording and Reporting Information

In recognition of the fact that accurate information is essential to the Company's ability to satisfy legal and regulatory obligations, all employees and directors will record and report all information accurately and honestly. No employee or director will sign or submit, or permit others to sign or submit on behalf of the Company, any document or statement that he or she knows or has reason to believe is false.

Payments

The Company and its employees and directors will not make any improper payments to government or non-government officials, employees, customers, persons, or entities, nor will the Company or its employees and directors request or accept any improper payment from suppliers, customers, or anyone seeking to do business with the Company.

Fair Dealing

Each employee and director will deal fairly with the Company's customers, suppliers, competitors, independent auditors and other employees and will not take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair dealing or practice.

Shareholder

The Company provides all applicable facilities to Shareholders through Registrar and distribution of Dividend Warrants in time, as and when approved.

Standard of Conduct

No employee or director will use, for his or her own personal gain, or disclose to any third party, any confidential or proprietary information that he or she obtained as a result of his or her employment with or relationship to the Company. Confidential or proprietary information includes all non-public information that might be of use to competitors or harmful to the Company and its customers if disclosed. No employee or director will buy, sell, or deal in the Company's stock based on non-public information.

Public Activities

The Company will make no corporate political contributions to parties or individuals, even where such contributions may be legal, but encourages employees and directors to participate in community affairs and to exercise citizenship responsibilities.

Corporate Opportunities

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Employees and directors owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises. Employees and directors are prohibited from (a) taking for themselves personally opportunities that are discovered through the use of corporate property, information, or position, (b) using corporate property, information, or position for personal gain, or (c) competing with the Company.

Conflicts of Interest

No employee or director will engage in any activity or have any outside interest that might deprive the Company of his or her loyalty, interfere with the satisfactory performance of his or her duties, and make it difficult to perform his or her duties for the Company objectively and effectively, or be harmful or detrimental to the Company. Employees and directors must immediately disclose in writing any actual or potential conflict of interest to the Secretary of the Company, for resolution. A conflict of interest occurs when a person's private interest interferes or appears to interfere in any way with the Company's interests and may also arise when an employee or director or a member of his or her family receives improper personal benefits as a result of his or her position with the Company.

Protection and Proper Use of Company Assets

Theft, carelessness, and waste have a direct impact on the Company's profitability. All employees and directors will take appropriate actions to protect the Company's assets and ensure their efficient use for legitimate business purposes.

Disclosure of Interest

All directors and executives notify to the Company Secretary in writing whether they or their spouses have sold, bought or taken any position, whether directly or indirectly, in the shares of the company. In case such persons or their spouses have sold, bought or taken any position in the shares, they shall deliver a written record of the price, number of shares, form of shares (i.e. physical or within CDC) and nature of transaction within four days of affecting the transaction to the Secretary.

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GRAND DEALERS

EVERY JOURNEY HAS A DESTINATION-ANNUAL REPORT 2025

The Grand Dealers Award Ceremony was held at Nishat Hotel Lahore. Top 160 dealers/distributors and GTR staff members from across the country attended the ceremony. The event aimed to commend and acknowledge dealers and distributors who wholeheartedly participated in our "Inammat Ki Bahar" Incentive scheme and made significant contributions to the company's growth.

During the event, GTR honored and rewarded dealers who successfully achieved their targets, presenting them with prizes and shields at both a national and zonal level for their outstanding achievements. Furthermore, GTR recognized and presented awards to Star Regional Manager and Star Territory Managers who displayed exceptional sales performance.

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SIGNING CEREMONY WITH

GTR - The Official Tyre Partner of Peshawar Zalmi

The number 1 Franchise of the Pakistan Super League (Cricket) in terms of media and brand value. A step toward strengthening the GTR Brand Purpose, "The Generation of Achievers."

GTR Tyre - Peshawar Zalmi is providing a platform to the upcoming young cricket players by giving them the opportunity to play with national and international players in PSL and training through international coaches to improve their playing skills.

EVERY JOURNEY HAS A DESTINATION-ANNUAL REPORT 2025

By embracing this journey, their dream enables them to showcase their natural talent and performance to become achievers, as every journey has a destination.

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