Karachi, Abdullah Shah Ghazi Sugar Mills Limited informed Pakistan Stock Exchange that the company received in this office on January 11, 2021 and subsequent correspondence seeking extension of 30 days in terms of section 132 of the companies Act, 2017 to hold its Annual General Meeting for laying therein the annual audited financial statements for the financial year ended September 30, 2021.
Abdullah Shah Ghazi Sugar Mills Limited was incorporated in Pakistan on February 25, 1984 as a Private Limited Company and was subsequently converted into a Public Limited Company on February 11, 1990. The principal business of the company is manufacturing and selling of refined sugar and by products.
Abdullah Shah Ghazi Sugar Mills Ltd was acquired by Macca Group (“Group”) in March 2008. The Group commenced its commercial operations in 1965 and is primarily involved in sugar and molasses manufacturing and import & trading of sugar plants machinery.
The Company has long been working under a Toll Manufacturing agreement with Dewan Sugar Mills Limited. The Macca Group Management has terminated the Toll Manufacturing Agreement and now the company is working independently as a unit.
The total numbers of shares are 79,261,700. The Earnings per share is (2.64) in 2020 which was (0.68) in 2019. The Company had a loss of Rs. 209,298,000 in 2020 which was 54,022,000 in 2019.