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Karachi: Dandot Cement Company Limited has issued its Chairman’s Review Report, highlighting significant strides in operational efficiency and legal compliance, as mandated under Section 192(4) of the Companies Act, 2017. The report reflects on the company’s navigation through local and global challenges impacting the industry, with a focus on long-term strategic planning and ethical governance.
The report was released following a series of board meetings that adhered to strict legal and procedural norms, including timely circulation of agendas and maintaining detailed minutes. The board has emphasized its commitment to transparency and due diligence in fulfilling its responsibilities. According to information available from the Pakistan Stock Exchange (PSX), Dandot Cement has shown resilience by completing its Balancing, Modernization, and Replacement (BMR) activities, which resumed operations within the fiscal year.
Moreover, the board has been actively involved in enhancing the electrical efficiency of the plant. Initiatives include upgrading the cement mill and exploring the installation of a Waste Heat Recovery plant, aiming to bolster operational efficiency and environmental sustainability.
Management performance has been rigorously evaluated, supported by internal and external audits, and consultations with independent experts, ensuring compliance with the Companies Act 2017. The directors have also participated in orientation courses to sharpen their decision-making capabilities, underlining the board’s proactive approach to governance.
In conclusion, the company assures shareholders of its robust pathway to recovery, marked by adherence to high standards of professionalism and legal compliance, aiming to realize the full potential of Dandot Cement as a profitable entity.