Karachi, Adam Sugar Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled held on January 28, 2022 at Karachi.
The agenda of the meeting will be confirming the minutes of Annual General Meeting held on March 09, 2021, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended September 30, 2021 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending September 30, 2021 and fix their remuneration and to transact any other business with the permission of the chair.
The announcement is available at:
Further, the closed period of the company is from January 18, 2022 to January 28, 2022 (both days inclusive).
Adam Sugar Mills Limited was incorporated in Pakistan on 1965. The name of the company was Bahawalnagar Sugar Mills Limited, but as a public limited company, in 1985, the name of the company was changed to Adam Sugar Mills Limited. The Shares of the company are now quoted in Pakistan Stock Exchange, and “ADAMS” symbol is being used for the shares of the company.
Adam Sugar Mills Limited is engaged in the manufacturing and sale of Sugar, part of Candy manufacturing industry.
The total number of shares the company has issued are 17,291,008. Earnings per shares in 2020 has increased up to 18.42 whereas it was (14.69) in 2019. The Profit after tax recorded in 2020 is 318,557,000 which was (254,059,000) in 2019.