Annual general meeting of Mehran Sugar Mills Limited to be held on January 28, 2022

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

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on February 12, 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.

Further, the closed period of the company is from January 22, 2022 to January 28, 2022 (both days inclusive).

Mehran Sugar Mills Limited was incorporated in Pakistan as a public limited company in December 1965. The Company is principally engaged in the manufacturing and sale of sugar and its by-products.

Mehran Sugar Mills Limited is engaged in manufacturing and marketing of white refined cane sugar and brown sugar while utilizing its by-products such as Molasses and Baggasse to produce ethanol and power respectively.

The total numbers of shares are 48,927,572. The Earnings per share is 1.01 in 2020 which was 8.67 in 2019. The Profit after Taxation is 47,027,000 in 2020 which was 403,834,000 in 2019.