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Financial results of Shakarganj Mills Limited for Quarter ended June 30, 2021

Karachi, Shakarganj Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 28, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a loss of Rs. 250,885 and 224,074 with loss per share 2.01 and 2.01 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Shakarganj Mills Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the postulates of the Companies Ordinance, 1984. It is principally engaged in manufacture, purchase and sale of sugar, bio fuel, building materials, yarn (textile) and engaged in generation and sale of electricity (bio power). The manufacturing facility of the company is located at Jhang and satellite manufacturing facilities at Bhone. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the Company is situated at Lahore.

The symbol “SGML” is being used by the stock exchange for the shares of Shakarganj Mills Limited.