Karachi, J. D. W. Sugar Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on January 28, 2019 at Lahore.
The agenda of the meeting will be confirming the minutes of Extraordinary General Meeting held on November 01, 2018, to receive, consider and adopt the Annual Audited unconsolidated and consolidated financial information of the Company for the financial year ended September 30, 2018 together with the Directors and Auditors Reports thereon, to appoint auditors of the Company for the next financial year 2018-2019 and fix their remuneration and to transact any other business with the permission of the chair.
Further, the closed period of the company is from January 21, 2019 to January 28, 2019 (both days inclusive).
The Sugar Division comprises of three sugar mills Units in the districts of Rahim Yar Khan, Punjab and Ghotki, Sindh. With its combined crushing capacity of 44,500 TCD, it is one of the largest group in the sugar sector and contributes approximately 15-17% of country’s sugar production.
The Company has been successful in completing and commissioning its two high-pressure Co-Generation plants at Unit-II (Sadiqabad) and Unit-III (Ghoki). The first 26.6 MW plant at Unit-II achieved commercial operations on 12 June 2014 after clearing all testing, certification and trial run requirements. The second 26.8 MW project at Unit-III achieved commercial operations on 03 October 2014 after similarly completing all pre-commissioning formalities.
JDW is also managing Sugarcane Corporate Farms over the area of 24,000 Acres in the Provinces of Punjab & Sindh. By using knowledge, experience together with modern tools and machinery and distinctive agronomic strategies, JDW has been able to build highly efficient and eco-friendly farms with higher yields. Company’s unique farming techniques have also led to the capacity building of existing farmers thereby resulting in improved and reliable cane supply to JDW.
The symbol “JDWS” is being used by the stock exchange for the shares of J. D. W. Sugar Mills Limited.