Karachi, Imperial Sugar Limitedinformed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on January 27, 2018 at Lahore.
The agenda of the meeting will to receive, consider and adopt the Annual Audited Accounts of the Company for the year ended September 30, 2017 together with the Director’s and Auditor’s Reports thereon and to appoint Auditors for the year 2014-2018 and to fix their remuneration.
Further, the closed period of the company is from January 19, 2018 to January 27, 2018 (both days inclusive).
Imperial Sugar Limited is a public limited company, incorporated on May 9th, 2007 to undertake Sugar and Allied businesses. The company acquired two Sugar plants and one Ethyl Alcohol (Ethanol) Distillery in the year 2007. After completion of these acquisitions and approval of the SECP and KSE, the Company was listed on Karachi Stock Exchange on August 13th, 2008.
In order to recover a huge amount of Carbon Dioxide Gas (CO2) that is produced during the fermentation process of Molasses, a state of the art CO2 Recovery Plant with 48 Metric Tons/Day capacity was bought from Italy, which is currently under erection and installation process. It is worth mentioning that no distillery in Pakistan but one other than ours has the CO2 recovery system installed. Elsewhere in Pakistan, CO2 produced during fermentation process is exhausted in the atmosphere and thus wasted.
The Symbol “IMSL” is being used by the stock exchange for Imperial Sugar Limited.