Karachi, AL-Noor Sugar Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on January 28, 2019 at Karachi.
The agenda of the meeting will be confirming the minutes of 39th Annual General Meeting held on January 25, 2018, to receive, consider and adopt the Audited Financial Statements of the Company for the year ended September 30, 2018 together with the Directors and Auditors Reports thereon, to approve payment of Cash Dividend @ 15% i.e Rs. 1.50 per ordinary share of Rs. 10/- each for the year ended September 30, 2018 as recommended by the Board of Directors and to appoint Auditors and to fix their remuneration for the year ended September 30, 2019.
Further, the closed period of the company is from January 21, 2019 to January 30, 2019 (both days inclusive).
Al-Noor Sugar Mills Limited was incorporated in Pakistan on August 08, 1969 as a public limited company under the Companies Act, 1913 now referred to as the Companies Ordinance, 1984. The principal activity of the company is manufacturing sugar, medium density fiber board and power generation. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The manufacturing facilities are located at Shahpur Jahania, District Nawabshah in the province of Sindh.
Al-Noor Sugar Mills Limited is a subsidiary of the Al-Noor Group. The Al-Noor group is engaged in the business of manufacturing white refined sugar, MDF board under the Lasani brand and trading and insurance business. The associated undertakings of the group include Shahmurad Sugar Mills Limited, Shahmurad Distillery Unit, First Al-Noor Modaraba and Reliance Insurance Company Limited.
The symbol “ALNRS” is being used by the stock exchanges for the shares of Al-Noor Sugar Mills Limited.