Karachi, Shakarganj Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on July 28, 2022.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended June 30, 2022 which portrayed a loss of Rs. 118,956 and 175,864 with loss per share 0.95 and 0.99 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Shakarganj Limited is a public limited company incorporated on 20 September 1967 in Pakistan. It is principally engaged in manufacture, purchase and sale of sugar, biofuel and yarn.
They transform renewable crops such as sugarcane and cotton into value added products comprising of refined sugar, textiles, and bio fuels as well as building materials and generate bio-power from bio-gas which is supplied to the national grid.
The Company have two manufacturing facilities in the Jhang District while our registered head office is in Lahore. Shakarganj Limited also holds a controlling interest in Shakarganj Food Products Limited (SFPL) which is a lproducer of dairy and fruit products and has since 2006 become a household name in Pakistan.
The total number of shares are 125,000,000. The Earnings per share is (7.98) in 2020 which was (5.83) in 2019. The Company had a loss of Rs. 997,583,000 in 2020 which was 728,411,000 in 2019.