Material Information of Chashma Sugar Mills Limited

Karachi, Chashma Sugar Mills Limited informed Pakistan Stock Exchange that the company authority has granted extension in the period to hold the Annual General Meeting of the company on or before February 27, 2022 and lay there in the Annual Audited Accounts of the company for the year ended September 30, 2021.

Chashma Sugar Mills Limited was incorporated in Pakistan on May 5, 1988 as a public limited company. The Company is principally engaged in manufacturing, production, processing, compounding, preparation and sale of sugar, other allied compound, intermediates and allied products. The Company is a subsidiary of The Premier Sugar Mills and Distillery Company Limited.

The sponsors set up this sugar mill in 1991. The sponsors have so far helped growers to develop 150,000 acres of land for the cane supply by providing technical expertise and other assistance and have expanded the factory to 18,000 tons per day, the largest in Pakistan.

The total number of shares of the Company are 28,692,000. The Earnings per shares is 26.0 in 2020 which was 20.17 in 2019. The profit after Taxation of the Company is 746,115,000 in 2020, which was 578,648,000 in 2019.