Transmission of Annual Report for the Year Ended 30 June 2025

06 October 2025

The General Flanager

Pakistan Stock Exchange Limited 'Stock Exchange Building,

Stock Exchange Road, Karachi

Through Courier/PUCARs

Form-5

Subject: Transmission of Annual Report for the year ended 30 June 2025

Dear Sir,

We have to inform you that the Annual Report of the Company for the year ended 30 June 2025 has been transmitted through PUCARS and is also available on Company's website.

You may please inform the TRE Certificate Holders of the Exchange accordingly. Yours Sincerely,

For Safe I'ñix Concrete Limited

Da eer Ulfah Shei

Company Secretary

a

"°s *.

P ot # 1, Glebal I,n.dustry, Nusrat Bhutto Colony, Norih Nazimabad, Karachi.

0340 2022 475-4

STRENGTH YOU CAN RELY ON

ANNUAL REPORT 2025

STATEMENT

Our Vision is to be Pakistan's Largest ready mix concrete services company, signing under the prominent projects for tomorrow's world of business, harmonizing, innovative and progressive technology with the Company's experience and excellence in the quality of work.

01 ANNUAL REPORT 2025

STATEMENT

Safe Mix once a dream has shaped into reality, through conviction and untiring efforts to see it grow into a corporate company with one of the principal market clientele.

The aim of the company is to establish a platform for the transfer of foreign technology with forming the basis for

further development in Pakistan.

Safe Mix Concrete Limited

03 ANNUAL REPORT 2025

05

06

15

22

24

28

29

31

33

38

41

42

43

44

45

46

98

103

104

Company Information

Notice Of Annual General Meeting Directors' Profile

Review Report By The Chairman Directors' Report

Key Operational & Financial Data Pattern Of Shareholding

Review Report To The Members On Statement Of Compliance With The Code Of Corporate Governance

Statement Of Compliance With Listed Companies (Code Of Corporate Governance) Regulation, 2019

Auditors' Report To The Members Statement Of Financial Position Statement Of Profit or Loss

Statement Of Comprehensive Income Statement Of Changes In Equity Statement Of Cash Flows

Notes To The Financial Statements Directors' Report (Urdu)

Notice Of Annual General Meeting (Urdu) Proxy Form

Safe Mix Concrete Limited

COMPANY

INFORMATION

BOARD OF DIRECTORS

Mr. Abdus Samad Habib - Chief Executive Officer

Syed Najmudduja Jaffri - Chairman

Mr. Kashif Habib - Director

Mr. Ahsan Anis - Director

Mrs. Anna Samad - Director

Mr. Abdul Qadir - Director Mr. Muhammad Siddiq Khokhar - Director

AUDIT COMMITTEE

Mr. Abdul Qadir - Chairman

Mr. Kashif Habib - Member

Mr. Ahsan Anis - Member

HUMAN RESOURCES & REMUNERATION COMMITTEE

Mr. Muhammad Siddiq Khokhar - Chairman

Mr. Kashif Habib - Member

Syed Najmudduja Jaffri - Member

CHIEF FINANCIAL OFFICER

Mr. Imran Haque

COMPANY SECRETARY

Mr. Dabeer Ullah Sheikh

AUDITORS

RAHMAN SARFARAZ RAHIM IQBAL RAFIQ

CHARTERED ACCOUTANTS

LEGAL ADVISOR

ADVOCATE AHSAN-UL-HAQ ADVOCATES AND CORPORATE COUNCIL

BANKERS AND FINANCIAL INSTITUTIONS

HABIB METROPOLITAN BANK THE BANK OF PUNJAB

BANK ISLAMI PAKISTAN LIMITED BANK ALFALAH LIMITED

SUMMIT BANK LIMITED / BANK MAKRAMAH LIMITED MEEZAN BANK LIMITED

REGISTERED OFFICE

Plot # 1, Global Industry, Nusrat Bhutto Colony, North Nazimabad

Karachi, Pakistan.

Tel: 92 345 2025369

https://www.safemixlimited.com

SHARES REGISTRAR

THK Associates (Private) Limited Plot # 32-C, Jami Commercial Street 2

DHA Phase VII Karachi

05 ANNUAL REPORT 2025

ANNUAL GENERAL MEETING

Notice is hereby given that Nineteenth Annual General Meeting ('AGM') of the shareholders of Safe Mix Concrete Limited (the Company) will be held on Tuesday, 28 October 2025 at 10:30 a.m. at Naya Nazimabad Gymkhana, Naya Nazimabad, Manghopir Road, Karachi to transact the following business

ORDINARY BUSINESS

1 To confirm minutes of the 18th Annual General Meeting held on 25 October 2024.

1. To receive, consider and adopt annual audited financial statements of the Company together with the Directors' and Auditors' Reports thereon for the year ended June 30, 2025.

   
   
   

   In accordance with Section 223 of the Companies Act, 2017 (Act) and pursuant to S.R.O. 389(I)/2023 dated March 21, 2023, the financial statements have been uploaded on website of the Company, which can be downloaded from the following weblink and QR enabled code:

   https://safemixlimited.com/investors-desk.php

2. To consider and approve final cash dividend for the year ended 30 June 2025 @25% i.e. at PKR 2.5 per ordinary share as recommended by the Board of Directors.

3. To elect 7 (seven) Directors, as fixed by the Board in accordance with the provision of Section 159 of the Companies Act, 2017, for a term of 3 (three) years commencing from October 28, 2025. The following are names of the retiring Directors of the Company, who are also eligible to offer themselves for re-election:

   1. Syed Najmudduja Jaffri

   2. Mr. Abdus Samad Habib

   3. Mr. Muhammad Kashif

   4. Mr. Ahsan Anis

   5. Mr. Abdul Qadir

   6. Mr. Muhammad Siddiq Khokhar

   7. Mrs. Anna Samad

4. To appoint Auditors and fix their remuneration for the year ending June 30, 2026. The Board of Directors on the suggestion of Audit Committee have recommended for reappointment of M/s. Rehman Sarfaraz Rahim Iqbal Rafiq & Co., Chartered Accountants as external auditors.

   SPECIAL BUSINESS

5. To ratify the transactions conducted with Related Parties for the year ended June 30, 2025 and to authorize the Board of Directors of the Company to approve those transactions with Related Parties (if executed) during the financial year ending June 30, 2026 which require approval of shareholders u/s 207 and / or 208 of the companies Act, 2017 read with Companies (Related Party Transactions and Maintenance of Related Records) Regulations, 2018 by passing the following special resolution with or without modification:

RESOLVED THAT

The transactions conducted with Related Parties as disclosed in Note 39 of the financial statements for the year ended June 30, 2025 as specified in the Statement of Material Information under Section 134 (3) be and are hereby ratified, approved and confirmed.

FURTHER RESOLVED THAT

The Board of Directors of the Company be and are hereby authorized to approve the transactions to be conducted with Related Parties on case-to-case basis for the financial year ending June 30, 2026.

FURTHER RESOLVED THAT

The transactions approved by the Board shall be deemed to have been approved by the shareholders u/s 207 and / or 208 of the companies Act, 2017 read with Companies (Related Party Transactions and Maintenance of Related Records) Regulations, 2018 (if triggered) and shall be placed before the shareholders in the next Annual General Meeting for their formal ratification/approval (if required)."

By Order of the Board

A statement under section 134(3) of the Companies Act 2017 pertaining to agenda items No.4 and 6 is Annexed for information of the Shareholders.

Dabeer Ullah Sheikh

By Order of the Boar

Karachi Company Secretary

Dated: 06 October 2025

NOTES:

1 .The share transfer books of the Company will remain closed from 21 October 2025 to 28 October 2025 (both days inclusive). Transfer received in order at the office of our Share Registrar M/s. THK Associates (Private) Limited, Plot No.32-C, Jami Commercial Street No.2, D.H.A., Phase VII, Karachi (Share Registrar) at the close of the business on Monday, 20 October 2025, will be considered in time for the determination of entitlement dividend for shareholders, and to attend and vote at the Annual General Meeting.

1. A member entitled to attend and vote at the meeting may appoint another person as his / her proxy who shall have such rights as respects attending, speaking and voting at the meeting as are available to a member.

2. Guidelines as laid down in Circular No. I - Reference No. 3 (5-A) Misc / ARO / LES / 96 dated January 26, 2000 issued by Securities & Exchange Commission of Pakistan for authenticity of relevant documents in the matter of beneficial owners of the shares registered in the name of CDC for purposes of attending the general meetings and for verification of instruments of proxies are provided below for information of members:

   1. Attending of meeting in person by individuals, the CDC account holders and/or sub-account holders and persons whose securities registration details are uploaded to CDS:

      1. In case of individuals, the CDC account holder or sub-account holder and/or the person whose securities are in group account, and their registration details are up-loaded to CDS as per CDC regulations, shall authenticate his identity by showing his original Computerized National Identity Card (CNIC) or original passport and bring their folio numbers at the time of attending the meeting.

      2. In case of corporate entity, the Board of Directors' resolution/power of attorney with specimen signature of the nominee shall be produced at the time of the meeting.

   2. Appointment of Proxies

      1. In case of individuals, the CDC account holder or sub-account holder and/or the person whose securities are in group account, and their registration details are up-loaded to CDS as per CDC regulations, shall submit the proxy form as per requirement provided hereunder:

      2. In order to be effective, the duly filled proxy forms with name of proxy must be received at the office of share registrar or registered address of the Company not later than 48 hours before the meeting, duly signed, stamped and witnessed by two persons with their names, address, CNIC numbers and signatures.

      3. In the case of individuals, attested copies of CNIC or passport of the beneficial owners, witnesses and the proxy holder shall be furnished with the proxy form. A proxy must be a member of the Company.

      4. The proxy shall produce his original CNIC or original passport at the time of the meeting.

      5. In case of corporate entity, the Board of Directors resolution/power of attorney with specimen signature shall be submitted alongwith proxy form to the company.

3. Shareholders are requested to notify change in their addresses, if any, to our Share Registrar. Shareholders maintaining their shares in electronic form should have their address updated with their participant or CDC Investor Accounts Service.

4. Updation of Email/Cell Numbers:

   In order to comply with the requirement of Section 119 of the Companies Act, 2017 and Regulation 47 of the Companies Regulations, 2024, all physical shareholders are requested to provide their email address and mobile number to our Share Registrar for incorporation in our members register. Shareholders maintaining their shares in electronic form should have their email address and mobile number updated with their participant or CDC Investor Accounts Service. This exercise will also enable our shareholders to cast vote their vote through e-voting for all businesses classified as special business under the Companies Act, 2017.

5. Election of Directors:

   The existing term of the Board of Directors of the Company will expire on 27 October 2025. The Board of Directors on 09 September 2025 has fixed the number of Directors at 7 (seven) to be elected in the AGM for the period of three years commencing from 28 October 2025 in accordance with the provisions of Section 159 of the Companies Act, 2017.

   For the election of Directors, any individual, whether a retiring Director or otherwise, who wishes to contest must submit the following required documents addressed to the Company Secretary and delivered either to the Registered Office at Plot No.1, Global Industry, Nusrat Bhutto Colony, North Nazimabad, Karachi, or the Office at Gymkhana Naya Nazimabad, Manghopir Road, Karachi not later than fourteen days before the date of AGM:

   1. Consent to act as director under Section 167(1) of the Act on "Appendix to Form-9" as prescribed in the Companies Regulations, 2024.

   2. A detailed profile of the candidates along with office address for placement on the Company's website, as required under SECP SRO 1196 (I)/2019, dated 03 October 2019.

   3. Declaration under Section 155 of the Act read with Regulation No.3 of the CCG Regulations, 2019.

   4. Declaration that he/she is not ineligible to become a Director of the Company in terms of Section 153, 177 or under any provision of the Companies Act, 2017, the CCG-2019, PSX Rule Book and any other applicable law, rules and regulations.

   5. Declaration of independence in terms of Section 166(2) of the Companies Act, 2017 read with Regulation 6(3) of CCG-2019 (applicable only for person filing consent to act as independent director of the Company).

   6. Undertaking on non-judicial stamp paper that candidate meets the requirements of Regulation 4(1) (7) of the Companies (Manner and Selection of Independent Directors) Regulations, 2018 (applicable only for person filing consent to act as independent director of the Company).

   7. Details of other directorship and offices held.

   8. Copy of valid CNIC (in case of Pakistan national) / Passport (in case of foreign national).

   9. NTN & Folio No./CDC Investors Account No./CDC Sub-Account No (applicable for person filing consent for the first time).

   If the number of persons who offer themselves to be elected are not more than the number of directors to be elected, such person will be elected unopposed without the voting process.

6. Online Participation in the Annual General Meeting:

   In light of relevant guidelines issued by the Securities & Exchange Commission of Pakistan (SECP) vide letter no. SMD/SE/2(20)/2021/117 dated December 15, 2021, the shareholders are encouraged to participate in the AGM through electronic facility arranged by the Company.

   Accordingly, the company for ensuring maximum participation of the shareholders has made arrangements to ensure that shareholders can also participate in the AGM proceeding via video link. Hence, those members who desire online participation in the AGM are requested to register themselves by sending an email along with following particulars and valid copy of both sides of their CNIC at saeed.anwar@safemixlimited.com with subject of "Registration for Safe Mix AGM 2025" not less than 48 hours before the time of meeting:

   Name of Shareholder	CNIC No	Folio No / CDC Account No	Cell No	Email Address

   Video Link to join the AGM will be shared with only those members whose emails, containing all the required and correct particulars are received at above mentioned email address.

7. Notice to Shareholders for provision of CNIC and other details:

   Members who have not yet submitted photocopy of their valid CNIC to the Company / Share Registrar, are once again reminded to send the same at the earliest directly to Company's Share Registrar. The Corporate Entities are requested to provide their National Tax Number (NTN). Please give Folio Number with the copy of CNIC / NTN details.

8. Payment of Cash Dividend through Electronic Mode (Mandatory):

   As per requirement of Section 242 of the Companies Act, 2017 and the Companies (Distribution of Dividend) Regulations, 2017, it is mandatory for every listed Company to pay cash dividend to its shareholders only through electronic mode directly into bank account designated by the entitled shareholders. Consequently, to receive cash dividends directly into bank account, if any, shareholders having physical shares are requested to fill in 'Electronic Mode Dividend Form' available at Company's website containing prescribed details and send it duly signed along with a copy of CNIC to the Registrar of the Company. In case of book-entry securities, shareholders must get their respective records updated as per the 'Electronic Mode Dividend Form' with their Broker / Participant / CDC account services.

   In case of absence / non-receipt of the copy of a valid CNIC and bank account details, the Company would be constraint under Section 243(2)(a) of the Companies Act, 2017 read with regulation 6 of the Companies (Distribution of Dividends) Regulations, 2017 to withhold the payment of dividends, if any, to such members till provision of prescribed details.

9. Deduction of Tax on Cash Dividend Income:

   The Shareholders are hereby informed that pursuant to amendments in Section 150 of the Income Tax Ordinance, 2001 through Finance Act, Income Tax will be deducted at source @15% for person appearing in the ATL [determined as per ATL available on Federal Board of Revenue's ("FBR") website] from the dividend amount, if any. However, if shareholders do not appear in ATL, Income Tax will be charged to 30%.

   In case of joint account, each holder is to be treated individually as either a filer or non-filer, and tax will be deducted on the basis of shareholding of each joint holder as may be notified by the shareholder, in writing as follows to our Share Registrar. In case no such notification is received by us within 10 days of this notice, equal deduction of tax will be made where proportionate holding is not available.

   Bank Name	Folio/CDC A/c. No.	Total No. of Shares	Participant Shareholder		Joint Shareholder
   			Name and CNIC No.	Shareholding Proportionate (No. of Shares)	Name and CNIC No.	Shareholding Proportion (No. of Shares)

   The CNIC number/NTN details are mandatory and are required for checking the tax status as per the ATL issued by the FBR from time to time.

10. Zakat Exemption:

    Zakat will be deducted from the dividends at source at the rate of 2.5% of the paid-up value of the share (Rs. 10/- each) and will be deposited within the prescribed period with the relevant authority. In case of claiming exemption, please submit your Zakat Declarations under Zakat and Ushr Ordinance, 1980 and Rule 4 of Zakat (Deduction and Refund) Rules, 1981 on or before close of business on 20 october 2025. Shareholders who hold Company's shares in physical form, please deposit their Zakat Declaration on Form CZ-50 with Company's Share Registrar with mentioning Folio No. and Name. Shareholders who hold shares in book entry shall deposit their zakat declaration on Form CZ-50 with CDC Investor Account Services/CDC Participant/Stockbrokers with mentioning CDS Account No. and name of shareholder.

11. E-Voting / Postal Ballot:

    Members are hereby notified that pursuant to the Companies (Postal Ballot) Regulations, 2018 read with Sections 143-144 of the Companies Act, 2017 and SRO 2192(1)/2022 dated 5th December 2022, members will be allowed to exercise their right to vote for the special business(es) in accordance with the conditions as specified in the said regulations.

    As the agenda items No. 4 and 6 pertains to Election of Directors and Special business respectively, therefore, facility of e-voting or postal ballot is arranged for the shareholders through M/s. THK Associates (Private) Limited, Balloter and e-voting service providers. The procedure for exercising e-voting or Postal Ballot options, alternatively is provided hereunder:

    1. E-Voting Procedure

       1. Details of the e-voting facility will be shared through an e-mail with those members of the Company who have their valid CNIC numbers, cell numbers, and e-mail addresses available in the register of members of the Company by the close of business on 20 October 2025.

       2. The web address, login details and password will be communicated to members via email. The security codes will be communicated to members through SMS and email from web portal of the e-voting service provider.

       3. Identity of the members intending to cast vote through E-Voting shall be authenticated through electronic signature or authentication for login.

       4. E-Voting lines will start from 23 October 2025, 09:00 a.m. and shall close on 27 October 2025 at 05:00 p.m. Members (local and foreign) can cast their votes any time during this period. Once the vote on a resolution is cast by a member, he / she shall not be allowed to change it subsequently.

    2. Postal Ballot

       1. Members may alternatively opt for voting through postal ballot. Ballot Paper shall also be available for download from the website of the Company at https://www.safemixlimited.com or use the same published in newspapers.

       2. The members may alternatively opt for voting through postal ballot. The members shall ensure that duly filled and signed ballot paper, along with copy of Computerized National Identity Card (CNIC), should reach the Chairman of the meeting through post on the Company's registered address, Safe Mix Concrete Limited, Plot No.1, Global Industry, Nusrat Bhutto Colony, North Nazimabad, Karachi (Attention the Company Secretary) or through email with subject "Voting through Postal Ballot" at dabeerullah.sheikh@safemixlimited.com not later than one working day before the AGM i.e. on Monday, 27 October 2025, during working hours i.e. before 5:30 p.m. The signature on the ballot paper shall match with the signature on CNIC. A postal ballot received after this time / date shall not be considered for voting.

          Postal Ballot paper, shall be published in the newspapers and shall also be available for download from the website of the Company https://www.safemixlimited.com. The signature on the ballot paper shall match with the signature on CNIC.

       3. Please note that in case of any dispute in voting including the casting of more than one vote, the Chairman shall be the deciding authority.

    In case of foreign members and representatives of a body corporate and corporation acceptability of other identification documents i.e. passport and extract of board resolution in lieu of CNIC will be sufficient evidence attached with duly completed postal ballot paper.

    Note: The Securities and Exhange Commission of pakistan, vide S.R.O 451/1/2025 dated March 13, 2025 has notified that in general meetings, members attended physically shall cast their votes for special buisness only through postal ballot, and voting by show of hands shall not be permitted.

    In accordance with the Regulation 11 of the Companies (Postal Ballot) Regulations, 2018, the Board of the Company has appointed M/s. Rehman Sarfaraz Rahim Iqbal Rafiq & Co., Chartered Accountants, (a QCR rated audit firm) to act as the Scrutinizer of the Company for the businesses to be transacted in the meeting (Agenda # 4 pertaining Election of Directors), and to undertake other responsibilities as defined in Regulation 11A of the Regulations.

12. Provision of Video Link Facility:

    In accordance with the Section 134 (1) (b) of the Companies Act, 2017 the Shareholders may participate in the meeting via video-link facility. If the Company receives a demand (at least 7 days before the date of meeting) from shareholder(s) holding an aggregate 10% or more shareholding residing in any other city, to participate in the meeting through video link, the Company will arrange video link facility in that city.

    Shareholders, who wish to participate through video-link facility, may send request to and send a duly signed copy to the Registered Address of the Company.

13. Distribution of Annual Report:

    The Annual Report of the Company for the year ended June 30, 2025 has been placed on the Company's website at the given weblink: https://safemixlimited.com/investors-desk.php and could also be downloaded from above QR code.

    However, if a shareholder, in addition, requests for hard copy of Annual Report, the same shall be provided free of cost within seven days of receipt of such request. For convenience of shareholders, a "Standard Request Form for provision of Annual Report" has also been made available on the Company's website https://www.safemixlimited.com.

14. Deposit of Physical shares in CDC Accounts:

    The SECP, through its letter No.CSD/ED/Misc/2016-639-640 dated 26 March 2021, has advised the listed companies to adhere with the provisions of the Section 72 of the Act, which requires all the exiting companies to replace shares issued by them in physical form with book-entry form in a manner as may be specified and from the date notified by the SECP within a period not exceeding four years from the commencement of the Companies Act 2017 i.e. 30th May 2017. The shareholders having physical shareholding are requested to open CDC sub-account with any of the brokers or investors account directly with CDC to place their physical shares into scrip less form.

15. Unclaimed Dividend:

    Pursuant to Section 244 of the Act, any shares issued, or dividends declared by the Company, which remain unclaimed for a period of three years from the date they became due and payable shall rest with the Federal Government after completion of procedure prescribed under the Act.

    In this respect, Shareholders, who by any reason, could not claim their previous unclaimed dividend/shares are advised to contact our Share Registrar M/s. THK Associated (Private) Limited, 32-C, Jami Commercial Street 2, D.H.A Phase VII, Karachi.

16. Form of Proxy is enclosed and uploaded on the Company's website https://www.safemixlimited.com.

17. The Securities and Exchange Commision of Pakistan (the "SECP"), through its circular of 2 of 2018, dated February 9, 2018 and S.R.O.452(1)/2025 has strictly prohibited companies from providing gifts and or oncentives, in lieu of gifts (tokens/coupons/lunches/takeaway/packages) in any form of manner, to shareholders at or in connection with general meetings. Under Section 185 of the Act, any violation of this directive is considered an offense, and companies falling to comply may face penalties.

18. Pursuant to S.R.O 152(1)/2025 dated 17 March 2025 and in order to meet the requirment section 223 of companies Act, 2017 the company has transmitted the notice of 19th AGM together with the weblink and QR code for downloading the annual report electronically via email to those shareholders whose email addresses are available in the records of the company's share registrar. In cases where shareholders' email addresses are not available, printed notices of the said AGM, together with the weblink and QR code for downloading the annual report, have been dispatched

STATEMENT UNDER SECTION 134(3) OF THE COMPANIES ACT, 2017

This statement sets out the material facts concerning the Election of Directors in Agenda No.4 and Special Business given in Agenda No. 6 of the Notice to be transacted at the Annual General Meeting of the Company. Directors of the Company have no interest in the special business except in their capacity as director / shareholder.

AGENDA NO.5 ELECTION OF DIRECTORS

The existing term of the Board of Directors of the Company will expire on 27 October 2025. The Board of Directors on 09 September 2025 has fixed the number of Directors at 7 (seven) to be elected in the AGM for the period of three years commencing from 28 October 2025 in accordance with the provisions of Section 159 of the Companies Act, 2017.

The following are names of the retiring Directors of the Company, who are also eligible to offer themselves for re-election in respective Director category:

1. Syed Najmudduja Jaffri

2. Mr. Abdus Samad Habib

3. Mr. Muhammad Kashif

4. Mr. Ahsan Anis

5. Mr. Abdul Qadir

6. Mr. Muhammad Siddiq Khokhar

7. Mrs. Anna Samad

As required under Section 166(3) of the Companies Act, 2017, Independent Directors will be elected through the process of election of Directors as other Directors elected in terms of Section 159 of the Act and they shall meet the criteria laid down under Section 166 (1 & 2) of the Act read with Regulation 6(3) of the CCG Regulations, 2019 and the Companies (Manner and Selection of Independent Directors) Regulations, 2018. Further, disclosure requirements as stipulated in SRO 1196(I)/2019 dated 03 October 2019 pertaining to Election of Directors shall be duly complied with.

AGENDA NO.6

TO RATIFY THE TRANSACTIONS CONDUCTED WITH RELATED PARTIES FOR THE YEAR ENDED JUNE 30, 2025 AND TO AUTHORIZE THE BOARD OF DIRECTORS TO APPROVE THOSE TRANSACTIONS WITH RELATED PARTIES (IF EXECUTED) DURING THE FINANCIAL YEAR ENDING 30TH JUNE 2026 WHICH REQUIRE APPROVAL OF SHAREHOLDERS U/S 207 AND / OR 208 OF THE COMPANIES ACT, 2017

Transactions conducted with all related parties have to be approved by the Board of Directors, duly recommended by the Audit Committee on quarterly basis pursuant to Section 208 of the Companies Act, 2017 and clause 15 of the Listed Companies (Code of Corporate Governance) Regulations, 2019.

Since several directors were considered interested in related-party transactions due to their common directorships and/or shareholdings, the shareholders, at the 18th Annual General Meeting, authorized the Board of Directors to approve such transactions on an arm's-length basis, subject to the Audit Committee's recommendations, from time to time and on a case-by-case basis for the year ended June 30, 2025. These transactions are deemed approved by the shareholders and are now being presented at the Annual General Meeting for formal approval and ratification. All related-party transactions requiring ratification are disclosed in Note 39 to the financial statements for the year ended June 30, 2025.

Additionally, the Company shall be conducting transactions with its related parties during the year ending 30 June 2026 on an arm's length basis as per the approved policy with respect to 'transactions with related parties' in the normal course of business. Being the Directors of the Company, many Directors may be deemed to be treated as interested in transactions with related parties due to their common directorships and/or shareholding. In order to promote good corporate governance and transparent business practices, the shareholders desire to authorize the Board of Directors to approve transactions with the related parties from time-to-time on case to case basis, including transactions (if executed) triggering approval of shareholders u/s 207 and / or 208 of the Companies Act, 2017, for the year ending 30 June 2026, which transactions shall be deemed to be approved by the Shareholders. The nature and scope of such related party transactions is explained above. These transactions shall be placed before the shareholders in the next Annual General Meeting for their formal approval/ratification.

The Directors are interested in the resolution only to the extent of their shareholding and / or common directorships in such related parties.

15 ANNUAL REPORT 2025

Starting his career at Arif Habib Corporation Limited, Mr Abdus Samad Habib developed his experience in sales, marketing and corporate activities working his way up through various executive positions.

In 2004, Mr. Abdus Samad Habib joined Arif Habib Limited leading the company as its Chairman and Chief Executive. He played a key role in shaping the strategic direction of the company where he specialized in capital market operations and corporate finance. Several noteworthy Initial Public Offerings (IPOs) and successful private placements took place under his stewardship, showcasing his exceptional financial acumen and deep market insight.

Mr Abdus Samad Habib transitioned to Javedan Corporation Limited, in 2011, as the driving force behind the transformation of a dilapidated cement plant to a vibrant living community, Naya Nazimabad. Mr. Abdus Samad Habib has been pivotal to advancing positive societal change, providing the city's middle class an elevated standard of living. His dedication, passion for social betterment and optimism are set to further transform the

-area with the largest commercial precinct development in the city presently under planning.

In 2019, Mr. Abdus Samad Habib took on the role of CEO at Safe Mix Concrete. Guided by his strategic acumen, Safe Mix Concrete has undergone a remarkable transformation from a lossmaking entity to a profitable enterprise.

Corporate Responsibilities. As Chief Executive

Javedan Corporation Limited

As Chairman

NN Maintenance Company (Pvt) Limited

As Director

Aisha Steel Mills Limited

Arif Habib Dolmen REIT Management Limited Arif Habib Equity (Pvt) Limited

Arif Habib Foundation

Arif Habib Development and Engineering Consultants (Pvt) Limited

Black Gold Power Limited

Nooriabad Spinning Mills (Pvt) Limited Memon Health and Education Foundation Pakistan Opportunities Limited

Power Cement Limited

Rotocast Engineering Company (Pvt) Limited Sapphire Bay Development Company Limited Sukh Chayn Gardens (Pvt) Ltd

Sachal Energy Development (Pvt) Limited

As Member/Governer

• Association of Builders and Develpors of Pakistan

• Memon Health and Education Foundation

CHIEF EXECUTIVE OFFICER

S. N. Jaffri is a seasoned business executive with over four decades of leadership experience across the cement, construction, FMCG, and industrial machinery sectors. Known for his strategic vision and hands-on management style, he has played a pivotal role in the transformation and growth of several major industrial organizations in Pakistan. His tenure at Power Cement Ltd. from 2009 to 2013 marked a significant turnaround, where under his leadership as Director Coordination, the company scaled its annual cement production and sales from 600,000 tons to over 2 million tons. He successfully repositioned the brand from a low-cost option to a prominent player in the competitive South Zone market, while simultaneously leading the modernization of operations across sales, marketing, human resources, IT, supply chain, and administration.

He began his career in the FMCG sector and represented the Coca-Cola Export Corporation as Head of Market Research & Advertising, where he was instrumental in planning national marketing strategies through advanced market research and brand analytics. His early experience also includes key sales roles at Allied Engineering & Services Ltd. (distributors of Caterpillar), Top Track Ltd. (distributors of Waukesha), and Atlas Honda, providing him with a solid foundation in B2B industrial sales and after-market support.

Earlier in his career, he held senior positions as Head of Marketing, Sales & Distribution at Dewan Cement, Pakland Cement, and Saadi Cement, where he shaped brand strategy, expanded distribution networks, and introduced data-driven decision-making in sales and advertising. His contributions also include strategic advisory roles, most notably as Advisor to the CEO at Agha Steel Industries Ltd., where he continues to provide leadership on corporate governance and strategic direction.

In addition to his corporate achievements, he has contributed to academic and industry knowledge through teaching and research. He taught Advertising and Sales Management at Punjab University's MBA Department and has presented impactful research on cement exports, brand health, market share estimation, and advertising effectiveness.

He holds an MBA in Finance and a BBA (Honors) in Accounting from the Institute of Business Administration (IBA), and a BSc (Pre-Engineering) from Adamjee Science College.

Presently he is the Chairman and Non-Executive Director in Safe Mix Concrete Limited

CHAIRMAN

Mr. Kashif Habib is the Chief Executive of Power Cement Limited. As a member of the Institute of Chartered Accountants of Pakistan (ICAP) he completed his articleship from

A.F. Ferguson & Co. (a member firm of Price Waterhouse Coopers) gaining invaluable insight across sectors, catering to clients across the Financial, Manufacturing, and Services industries.

He began his career at Arif Habib Corporation Limited, gaining valuable experience, and has since served for over a decade as an Executive Director in the Group's cement and fertilizer companies.

This exposure not only enriched his understanding of diverse corporate dynamics but also enabled him to refine his strategic decision-making capabilities.

Kashif is deeply committed to enhancing the country's energy landscape. He remains engaged with experts to establish renewable energy as a viable and readily available solution, benefiting not only industries but also the public at large.

Corporate Responsibilities

Power Cement Limited (Chief Executive)

As Director

Aisha Steel Mills Limited

Fatima Fertilizer Company Limited Javedan Corporation Limited

Arif Habib Equity (Pvt) Limited Arif Habib Equity (Pvt) Limited Arif Habib Foundation

Arif Habib Development and Engineering Consultants (Pvt) Limited

Black Gold Power Limited

Essa Textile And Commodities (Pvt) Limited Fatimafert Limited

Fatima Cement Limited Fatima Packaging Limited

Nooriabad Spinning Mills (Pvt) Limited

Pakistan Opportunities Limited

Rotocast Engineering Company (Pvt) Limited Safemix Concrete Limited

Sachal Energy Development (Pvt) Limited BioMasdar Pakistan Limited

As Member

All Pakistan Cement Manufacturer Association

DIRECTOR

Mr. Ahsan Anis is currently serving as Chief Operating Officer of Power Cement Ltd and a Non-Executive Director at Safe Mix Concrete Ltd., and a Member of the Institute of Chartered Accountants of Pakistan. Previously, he worked as the Head-Commercial & Strategy at K-Electric Ltd.

DIRECTOR

Mr. Abdul Qadir Sultan is a Qualified Chartered Accountant from the Institute of Chartered Accountants of Pakistan (ICAP). He is currently working as the Director, Operational Risk at Tiqmo, a premier fintech in the Kingdom of Saudi Arabia owned by the Ajlan Group. He has been in the GRC domain in the Digital Financial Services for more than a decade in companies licensed in the UAE, KSA and Pakistan. He completed his articleship from A.F. Ferguson & Co. one of the finest accountancy firms in Pakistan. He has working experience of over 20 years in various diversified capacities.

He is a certified director from ICAP and holds a diploma in Islamic Finance from CIMA (UK).

Mr. Sultan takes keen interest in the promotion of education, trade and industry and strongly advocates these causes through various professional, corporate and trade platforms.

DIRECTOR

Mr. Muhammad Siddiq Khokhar holds Master's degrees in Economics and Islamic Studies, as well as an L.L.M. from Karachi University. He is a member of the Karachi Bar Association and is enrolled with the Sindh Bar Council. He is an Advocate High Court and practicing in the field of Civil, Criminal, Corporate, and Labour matters. He is the partner in a Law house namely SANDHU AND SIDDIQUE ASSOCIATES.

He has gained extensive experience in the area of Finance, Economics, Management, and Legal matters and attained the position of SENIOR ECONOMIST: in PCSIR Ministry of Science and Technology, Government of Pakistan, where he prepared many pre-feasibility reports, which were approved, recognized and implemented by the ECNEC, Government of Pakistan for commercial production.

He is well known critic on finance, accounts and various appraisals in the corporate world and his contribution in this respect has been appreciated by the higher ups. He has contributed many articles on economy, finance and budget etc. in the various newspaper and magazine of high repute.

At present, he is on the boards of Al-Abbas Sugar Mills Limited, Sindh Abadgar Sugar Mills Limited, and AKD Hospitality Limited (AKDHL). He also holds the position of Chairman of the Audit Committee and is a member of the HR Committee of AKDHL. He also serves on the Board of Javedan Corporation Limited and is the Chairman of its Human Resources and Remuneration (HR&R) Committee.

He has also served the Board of First Dawood Investment Bank Limited as Director, nominated by National Investment Trust. He has remained an Independent Director in APNA Microfinance Bank Limited formerly Network Microfinance Bank Limited and Golden Arrow Selected Fund Limited (AKD Group), also served as Chairman Audit Committee of Golden Arrow Selected Fund Limited for about 6 years.

Mr. Siddiq Khokhar is the certified director by Securities and Exchange Commission of Pakistan and Institute of Chartered Accountant of Pakistan as required under corporate governance.

DIRECTOR

DIRECTOR

Mrs. Anna Samad serves as a Director on the Board of Safe Mix Concrete Limited, bringing with her a thoughtful perspective on governance, corporate responsibility, and long-term strategic planning. With a keen interest in sustainable development and organizational transparency, she actively contributes to board deliberations, ensuring that the company's decisions align with both commercial objectives and ethical standards. Her presence on the Board reflects the company's commitment to inclusive leadership and gender diversity at the highest levels of decision-making.

She is particularly focused on areas concerning stakeholder engagement and fostering a collaborative culture within the organization. Her contributions have supported the company's ongoing efforts to strengthen its governance framework and enhance operational resilience. As a board member, she remains committed to ensuring that Safe Mix Concrete Limited continues to uphold its reputation for quality, integrity, and innovation in the ready mix concrete industry.

21 ANNUAL REPORT 2025

BY THE CHAIRMAN

During the year under review, the Board of Directors ("the Board") of Safe Mix Concrete Limited ("SMCL") diligently performed its duties in safeguarding the interests of the shareholders and managing the affairs of the Company in an effective and efficient manner. The Board exercised its powers and responsibilities in accordance with the provisions of the Companies Act, 2017 ("the Act"), the Listed Companies (Code of Corporate Governance) Regulations, 2019 ("the Code"), and the Rule Book of the Pakistan Stock Exchange where the Company is listed.

For the year ended June 30, 2025, the Board played an active role in managing the affairs of the Company and achieving its objectives in the following manner:

• Ensured adequate representation of non-executive and independent directors on the Board and its committees, in compliance with the Code, and confirmed that all members possess the requisite skills, experience, and knowledge to effectively oversee the Company's affairs.

• The Board constituted its sub-committees namely Board Audit and Human Resource and Remuneration Committees, which continue to discharge their duties in accordance with the Act and the Code.

• Implemented a rigorous mechanism for annual evaluation of the Board, its committees, and individual directors. The findings are periodically reviewed and reassessed by the Board.

• Facilitated orientation and training courses for directors to enable them to discharge their responsibilities more effectively.

• Ensured all Board and committee meetings were held with the requisite quorum, decisions were made through duly passed resolutions, and proceedings were properly documented in compliance with the Act and the Code.

• Established a Code of Conduct outlining professional standards, corporate principles, and essential policies for smooth and ethical operations of the Company.

• Actively participated in strategic planning, enterprise risk management, policy formulation, and oversight of the Company's financial structure and performance.

• Reviewed and approved all significant matters, including related party transactions, based on the recommendations of the Audit Committee, thereby strengthening and formalizing corporate decision-making.

• Maintained an effective internal control system, regularly assessed through self-evaluations supported by internal audit activities.

• Prepared and approved the Directors' Report, ensuring its publication alongside quarterly and annual financial statements in compliance with the Act, the Code, and related guidelines.

• Supervised the hiring, evaluation, and compensation of the Chief Executive Officer and other key executives, including the Chief Financial Officer, Company Secretary, and Head of Internal Audit.

• Ensured timely circulation of adequate information to Board members and kept them apprised of developments between meetings.

• Exercised powers responsibly in line with applicable laws, regulations, and governance standards, with a consistent focus on compliance and ethical conduct.

  The Board's performance evaluation focused on areas of Board Composition, Strategic Planning and Performance, Operation, Financial Review and Compliance, Board Relationship with the Management, Sub-Committee, Performance of Individual and Independent Directors. Based on this evaluation, it is reasonably concluded that the Board of SMCL has effectively fulfilled its role, ensuring that Company objectives are achieved through collective oversight, strategic guidance, and close collaboration with the management team.

  
  
  

  Syed Najmudduja Jafri

  Chairman

  09 September 2025

  DIRECTORS' REPORT

  On the behalf of the Board of Directors of Safe Mix Concrete Limited (SMCL) ("the Company"), we are pleased to present herewith the Director's Report along with the annual audited financial statements for the year ended June 30, 2025, together with auditors' report thereon.

  Overview

  During the current financial year, the Company continued to demonstrate satisfactory operational and financial performance, recording a net profit after tax of PKR 102.714 million.

  In the reviewed period, the Company achieved a sales figure of PKR 1,652.01 million, which is 31% increase in sales when compared to last year sales figure of 1,262.48 million, showing ability to acquire greater market share by adopting competitive pricing strategies in the commercial market. The cost of sales for the year amounted to PKR 1,395.6 million, from PKR 1,002.4 million in the corresponding year. This led to a gross profit of PKR 256.35 million for the year, when compared to the previous year's gross profit of PKR 260.067 million, showcasing a negative variance of only PKR 3.717 million compared to the corresponding year.

  In terms of expenses, the Company incurred administrative and selling expenses of PKR 66.977 million during the year. Additionally, finance costs for the year amounted to PKR 37.315 million, while the Company earned other income totaling PKR 6.423 million over the same period.

  Operating Results

  Year Ended June 30

  2025 2024

  ----------Rupees----------

  Sales	1,652,008,725	1,262,480,359
  Cost of Sales	(1,395,658,868)	(1,002,413,228)
  Gross Profit	256,349,857	260,067,131
  Administrative & Selling expenses	(66,977,225)	(51,528,446)
  Operating Profit	189,372,632	208,538,685
  Other Expenses	(17,404,579)	(21,863,771)
  Finance Cost	(37,315,642)	(52,225,884)
  Other Income	6,423,943	8,724,897
  Profit / (Loss) before taxation	141,076,354	143,173,927
  Taxation	(38,362,713)	(29,030,094)
  Profit after taxation	102,713,641	114,143,833
  EPS - Basic and diluted	4.11	4.57

  Outlook

  During this period, Pakistan's economy recorded a GDP growth rate of approximately 2.7%, reflecting a modest yet positive trajectory despite ongoing macroeconomic headwinds. With improving macroeconomic conditions, inflation sharply declined to around 4.6%-4.7%, compared to over 26% in the previous year. Foreign exchange reserves also strengthened, supported by the ongoing IMF program, broader fiscal consolidation, enhanced revenue measures, and monetary tightening, all of which contributed to renewed investor confidence and improved market sentiment. This stability was further reinforced by a relatively steady USD/PKR exchange rate, which averaged around PKR 278.7 for the majority of FY 2025.

  Post improvement in macroeconomic factors and announcements of construction package by Prime Minster of Pakistan, outlook for construction sector is positive, indicating trickle down positive impact on your company. The recent increase in demand of cement till date in FY 25-26 is also encouraging.

  Your Company has already invested in increasing the fleet of transit mixers and plan further investment during remainder of FY 25-26 to be able to capitalize maximum on the positive momentum expected ahead.

  Environmental, Social and Governance (ESG) Reporting

  SMCL is dedicated to maintaining a safe and secure working environment for our employees, particularly within and outside our manufacturing facility and in all external operational areas, while diligently addressing our environmental responsibilities. Our comprehensive health and safety programs encompass mandatory training in Health, Safety, and Environment (HSE) practices, road safety, fire drills, and safe machine handling protocols at our manufacturing sites.

  Our recent plantation initiatives have made a significant positive impact on the environment by lowering carbon emissions in the surrounding areas. Additionally, the Company is advancing its efforts to reduce its carbon footprint through efficient transportation carrying ready-mix concrete and enhanced delivery practices. Additionally, SMCL also received monthly environmental reports from Sustainable Environmental Services Laboratory confirming that your Company is adhering to environmental standards.

  We are actively pursuing water conservation strategies by implementing various initiatives and continuously educating our employees and workers on these practices. These efforts have successfully resulted in substantial water savings, amounting to thousands of gallons.

  Our commitment to energy optimization across operations is expected to yield favorable environmental outcomes, contributing to a sustained reduction in the Company's overall carbon footprint in the years to come. Furthermore, our Diversity, Equity, and Inclusion (DE&I) strategy highlights our dedication to fostering a respectful and equitable work environment that supports growth and development. As an equal opportunity employer, SMCL is committed to creating an inclusive environment where all employees feel valued and empowered to learn, contribute, and thrive. In support of these objectives, we have implemented comprehensive Gender Diversity and Anti-Harassment policies.

  Corporate and Financial Reporting Framework

  SMCL is listed at the Pakistan Stock Exchange. The Company's Board is dedicated to adhering to the principles of the Code of Corporate Governance. They possess a clear understanding of their obligations to oversee operations and performance, as well as to improve the precision, comprehensiveness, and transparency of both financial and non- financial data. The Board of the Company is committed to observe the Code of Corporate Governance and are familiar with their responsibilities to monitor operations and performance, enhance accuracy, comprehensiveness, and transparency of financial and non-financial information.

  The Board would like to state that proper books of accounts of SMCL have been maintained and appropriate accounting policies have been adopted and consistently applied in preparation of the financial statements; and accounting estimates are based on reasonable and prudent judgment. International Financial Reporting Standards, as applicable in Pakistan, are followed in the preparation of the financial statements. The Board further acknowledges its responsibility for ensuring the adequacy and effectiveness of the Company's internal financial controls, confirming that such controls are designed to provide reasonable assurance regarding the reliability of financial reporting, safeguarding of assets, prevention and detection of fraud, and compliance with applicable laws and regulations. The system of internal controls is sound in design and has been effectively implemented and monitored. The financial statements of SMCL present fairly its state of affairs, the result of its operations, cash flow and statement of changes in equity. No material payment has remained outstanding on account of any taxes, duties, levies or charges.

  In compliance with the Code, the Board hereby reaffirm that there is no doubt about SMCL's ability to continue as a going concern and that there has been no material departure from the best practices of corporate governance except for disclosed in Statement of Compliance with Listed Companies (Code of Corporate Governance) Regulations 2019.

  SMCL has consistently strived to achieve excellence by upholding superior standards of Corporate Governance and implementing fair and transparent protocols.

  Trading in Company's Shares

  Sr No.	Name of Directors/Substantial Shareholder	Transaction executed during the year
  1	Arif Habib Limited - Former Substantial Shareholder	Merger-out 5,699,328 shares of Javedan Corporation Limited (JCL) from Arif Habib Limited (AHL) into Arif Habib Corporation Limited (AHCL). Subsequent to aforesaid transfer the cumulative ordinary shares of JCL owned by AHL reached to NIL and AHCL 27.63%.
  2	Arif Habib Corporation Limited -Substantial Shareholder	Merger-in 5,699,328 shares of Javedan Corporation Limited (JCL) into Arif Habib Corporation Limited from Arif Habib Limited (AHL) into Arif Habib Corporation Limited (AHCL). Subsequent to aforesaid transfer the cumulative ordinary shares of JCL owned by ACHL reached to 27.63% and AHL NIL.
  3	Mr. Muhammad Hamza Riaz - Former Substantial Shareholder	2,523,677 shares purchased
  4	Mr. Muhammad Hamza Riaz - Former Substantial Shareholder	528 shares purchased

  Directors' Attendance at Board and its Committee Meetings

  During the year ended 30 June 2025, four (04) Board Meetings. Four (04) Audit Committee Meetings and One (1) Human Resource & Remuneration Committee Meeting were held. Attendance by director were as follows:

  Name of Director	Board Meeting	Audit Committee	HR & R Committee
  Syed Najmudduja Jaffri	4/4	N/A	1/1
  Mr. Abdus Samad Habib	4/4	N/A	N/A
  Mr. Ahsan Anis	4/4	4/4	N/A
  Mr. Muhammad Kashif	3/4	4/4	1/1
  Mr. Abdul Qadir	3/4	3/4	N/A
  Ms. Anna Samad	4/4	N/A	N/A
  Mr. Muhammad Siddiq Khokhar	4/4	N/A	1/1

  • The Board granted a leave of absence to the director who could not attend the Board/Committee Meetings.

Directors' Remuneration

The Non- Executive Directors (including independent directors) but excluding those directors who are concurrently serving as Executive Directors in any of the Arif Habib Group of Companies are provided a remuneration for attending Board and its Committee Meetings as may be approved by the board from time to time.

Further as and when board decides to assign any additional roles and responsibilities to any non-executive directors, the board shall decide the remuneration to be provided to such director which commensurate with the roles and responsibilities so assigned.

Composition of the Board

The current composition of the board is as follows: -

Total Number of Directors:

1. Male: 6

2. Female: 1

Composition:

1. Independent Director: 2

2. Non-Executive Director: 3

3. Executive Director: 1

4. Female Director: 1

Board Audit Committee

Mr. Abdul Qadir Sultan Chairman

Mr. Muhammad Kashif Habib Member

Mr. Ahsan Anis Member

Human Resource & Remuneration Committee

Mr. Muhammad Siddiq Khokhar Chairman

Mr. Syed Najmudduja Jaffri Member

Mr. Muhammad Kashif Habib Member

Internal Control

SMCL has established a robust Internal Financial Control system to protect its assets and guarantee the precision and dependability of its records. The senior management scrutinizes the Company's financial performance using comprehensive monthly financial reports and analysis. Concurrently, the Board conducts its own assessment every quarter, investigating any deviations from projected outcomes. Thorough assessments are also conducted by the internal audit function, which evaluates compliance with internal control measures and prescribed procedures, subsequently presenting its findings to the Audit Committee or the Board.

Risk Management and Compliance

SMCL has a comprehensive risk management framework in place to identify, assess, and mitigate risks across our operations. This framework includes rigorous compliance measures to ensure that we meet all legal and regulatory requirements and uphold our commitments to stakeholders.

Changes in Nature of Business

No change has occurred during the financial year ended 30 June 2025 concerning the nature of the business.

Default of Payments, Debt / Loan Taxes and Duties

No payment on account of taxes, loan, duties and levies was overdue or outstanding at the end of the financial year under review.

Compliance with the Code of Corporate Governance

The "Statement of Compliance with the Listed Companies (Code of Corporate Governance) Regulations, 2019" (CCG) is attached to this report.

Material Changes and Commitments

No material changes and commitments affecting the financial position of the Company have occurred between the end of the financial year of the Company to which the balance sheet relates and the date of the report.

Auditors

The board of directors has recommended appointment of M/s Rehman Sarfaraz Rahim Iqbal Rafiq & Co Chartered Accountants as external auditors for the year ending June 30, 2026 to the General Meeting on the fee to be mutually agreed.

Pattern of Shareholding

Pattern of shareholding whose disclosure is required under the reporting framework is attached to this report.

Information to Stakeholders

Key Operating and financial data of previous years has been summarized in this report.

Related Party Transaction

All transactions with related parties have been executed in accordance with applicable regulations and have been disclosed in the financial statements under relevant notes.

Acknowledgement

The Company's management extends its sincere appreciation to all financial institutions, customers, individuals, and staff members associated with the Company for their unwavering support and cooperation. We also wish to express our gratitude to the SECP and the PSX for their continued guidance and support.

For and on behalf of the board

Najmudduja Jaffr

Abdus Samad Habib Syed Najmudduja Jaffri

Chief Executive Officer Chairman

Dated: 09 September 2025

FINANCIAL DATA

2021

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