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HomeBusinessA NEW DAWN FOR THE CONSTRUCTION GIANT: Revival Plan for M/s Dadabhoy...

A NEW DAWN FOR THE CONSTRUCTION GIANT: Revival Plan for M/s Dadabhoy Construction Technology Limited (DCTL)

M/s Dadabhoy Construction Technology Limited (DCTL) ne apna revival plan SECP ko bhej di hai. Ye company 1981 mein incorporate hui thi aur Pakistan Stock Exchange (PSX) par list hui thi. Company ki principal activities zameen ki development, construction aur sealing chemicals/ bonds ki manufacturing aur sale hain.

  1. **Back Ground**: DTCL ne 01/08/2012 ko PSX ke non-compliance ke wajah se trading suspend kar di thi, lekin company ne operations nahi roke. Compliance ke masail ke saath financial position par bhi asar hua.

 

  1. **Economic Recession**: Economic recession ke saath commercial operations me challenges aaye. Lekin directors ne company ki revival ke liye nayi opportunities dhoondhi aur capital invest kiya.

 

  1. **Financial Contributions**: 2019 mein directors ne Rs. 50 million invest kiya tha plots ke liye, jisse 30% ki appreciation hui. 2021-22 mein DCTL ne Rs. 1 million ka net amount kamaya aur plots ki sale par advisory services dekar Rs. 4 million kamaye.

 

  1. **Memorandums of Understanding (MOUs)**: DCTL ne kai housing companies ke saath MOUs kiye hain jisme development works aur plot sales shamil hain.

 

  1. **Financial Assistance**: Directors ne apne personal resources se loans diye hain taake DCTL ke financial needs puri ki ja sakein.

 

  1. **BMR**: DCTL ne lease aur borrowed/rented machinery par operations chalaye hain, lekin company ab apni machinery ko lease karna chahti hai taake operational efficiency badh sake.

 

  1. **Investor ke saath Agreement**: DCTL ek nayi investor ki talash mein hai jo Rs. 100-200 million invest kare taake company ki smooth running ko madad mil sake.

 

  1. **Going Concern**: Auditors ne pehle DCTL ko going concern ka qualification diya tha, lekin ab directors ke efforts aur investments ke wajah se company is situation se bahar aa rahi hai.

 

  1. **Financial Statements aur AGM**: DCTL ne 2020 se 2023 tak financial statements prepare aur audit karne hain taake shareholders ke samne pesh kiye ja sakein. Annual general meetings (AGMs) 2020 se nahi hui hain, jo ki management ko December 2023 tak organize karni hain.

 

  1. **Compliance**: Company ne overdue returns aur financial statements file karne hain. Consultancy aur regulatory payments time par karni hain.

Is revival plan ke zariye DCTL company ke financial aur operational situation mein behtri lana chahti hai aur PSX par apni presence ko barqaraar rakhna chahti hai.

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