Karachi: Faran Sugar Mills Limited has successfully credited unpaid rights into the Central Depository System (CDS), marking a significant corporate milestone. The rights were credited at the end of the trading day on December 2, 2024, following an announcement by the company on August 27, 2024, regarding the issuance of these rights shares.

The Central Depository Company of Pakistan Limited confirmed the allotment of 14,093,451 securities of Faran Sugar Mills Limited. According to information available from the Pakistan Stock Exchange (PSX), these rights have now been allocated to the respective accounts within the CDS. An official communication from the Central Depository Company, dated December 3, 2024, substantiated the successful credit of these unpaid rights.

Stakeholders and account holders have been notified of the development, and any further inquiries can be directed to the relevant company representatives.