Annual general meeting of Baba Farid Sugar Mills Limited held on January 28, 2022

Karachi, Baba Farid Sugar Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled held on January 28, 2022 at Lahore.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on January 23, 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, 2022 and fix their remuneration and to transact any other business with the permission of the chair.

Baba Farid Sugar Mills Limited is incorporated in Pakistan on 1978, as a Public Limited Company. The Company is engaged in the manufacturing and sales of sugar including its by-products that are Molasses and V-filter cake.

The shares of the Company are quoted on Pakistan Stock Exchange Limited with the symbol “BAFS”.

The number of shares the company has introduced are 9,450,000. The Earnings per shares in 2020 is (30.27) which was (72.24) in 2019. The Company had a loss of Rs. 286,079,000 in 2020 as compared to a loss of Rs. 682,625,000 in 2019.