CONTENTS

Company Profile ......................................................................................................... 03

Vision and Mission Statement ..................................................................................... 04

Notice of Annual General Meeting ............................................................................... 06

Organization Chart ...................................................................................................... 16

Director's Profile .......................................................................................................... 17

Chairman's Review .................................................................................................... 20

Chairman's Review (Urdu) .......................................................................................... 21

Directors' Report ........................................................................................................ 22

Directors' Report (Urdu) .............................................................................................. 27

Financial Data ............................................................................................................. 32

Vertical and Horizontal analysis ................................................................................... 33

Performance Review ................................................................................................... 34

Pattern of Shareholding .............................................................................................. 35

Statement of Compliance with the Code of Corporate Governance ............................ 39

Review Report to the Members .................................................................................. 42

Auditors' Report To The Members .............................................................................. 45

Statement of Financial Position ................................................................................... 50

Statement of Profit or Loss and Other Comprehensive Income ................................... 52

Statement of Changes in Equity .................................................................................. 53

Statement of Cash Flows ............................................................................................ 54

Notes to the Financial Statements .............................................................................. 55

Ballot Paper For Voting Through Post ...................................................................... 106 Form of Proxy

20231

THE COMPANY

Lalpir Power Limited ("the Company") was incorporated in Pakistan on 8 May 1994 under the repealed Companies Ordinance, 1984 (now the Companies Act,

2017). The registered office is

situated at 53-A, Lawrence Road, Lahore. The principal activities of the Company are to own,

operate and maintain an oil fired

power station ("the Complex")

having gross capacity of 362 MW

in Mehmood Kot, Muzaffargarh,

Punjab, Pakistan.

2

COMPANY PROFILE

BOARD OF DIRECTORS

Mian Hassan Mansha

Mr. Zaheer Ahmad Ghanghro Mr. Mahmood Akhtar

Mr. Muhammad Azam Mr. Inayat Ullah Niazi Mrs. Hajra Arham Mr. Amir Mahmood

CHIEF EXECUTIVE OFFICER

Mr. Mahmood Akhtar

AUDIT COMMITTEE

Mr. Zaheer Ahmad Ghanghro Mr. Inayat Ullah Niazi

Mrs. Hajra Arham

ChairmanChairman

HUMAN RESOURCE & REMUNERATION(HR &R) COMMITTEE

Mian Hassan Mansha Mrs. Hajra ArhamMr. Inayat Ullah NiaziChairperson

CHIEF FINANCIAL OFFICER

Mr. Awais Majeed Khan

COMPANY SECRETARY

Mr. Khalid Mahmood Chohan

REGISTERED OFFICE

53-A, Lawrence Road, Lahore-Pakistan

UAN: +92-42-111-11-33-33 Fax:+92-42-36367-414

HEAD OFFICE

1-B, Aziz Avenue, Gulberg-V, Lahore- Pakistan

Tel: +92-42-35717090-96 Fax:+92-42-35717239

BANKERS OF THE COMPANY

Habib Bank Limited

The Bank of Punjab United Bank Limited Allied Bank Limited National Bank of Pakistan Bank Alfalah Limited Faysal Bank Limited Askari Bank Limited

Habib Metropolitan Bank Limited MCB Bank Limited

Bank Islami Pakistan Limited

Standard Chartered Bank (Pakistan) Limited Al Baraka Bank (Pakistan) Limited

Meezan Bank Limited

MCB Islamic Bank Limited

AUDITOR OF THE COMPANY

Riaz Ahmad & Co.

Chartered Accountants

LEGAL ADVISOR OF THE COMPANY

Mr. M. Aurangzeb Khan

Advocate High Court

SHARE REGISTRAR

CDC Share Registrar Services Limited CDC House,99-B, Block-B, S.M.C.H.S Shahra-e-Faisal, Karachi - 74400

Tel: (92-21) 111-111-500

Fax: (92-21) 34326053

PLANT

Mehmood Kot, Muzaffargarh, Punjab - Pakistan.

20233

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Lalpir Power Ltd. published this content on 28 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2024 08:07:06 UTC.