Karachi, Baba Farid Sugar Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 13, 2019 at Lahore to consider the Acquisition of 97.16% shares of the Company by M/s. Naubahar Bottling Company (Private) Limited, Mr. Muhammad Shamim Khan, Mrs. Qaiser Shamim Khan, Mr. Adnan Ahmed Khan, Mr. Nauman Ahmed Khan (the Acquirers).
Further, the company has declared the closed period from June 10, 2019 to June 12, 2019.
Baba Farid Sugar Mills Limited is a company incorporated in Pakistan in 1978 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. It is principally engaged in the manufacturing and sale of sugar including its by-products i.e. Molasses and V. Filter Cake. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi and its manufacturing facility is located in Punjab.
Baba Farid Sugar Mills Limited is the second sugar mill of the Imporient Group and is located in Okara. The production capacity of the company is 27,200 Tonnes. The company is also a member of the Chamber of Commerce and Industry.
The symbol “BAFS” is being used by the stock exchanges for the shares of Baba Farid Sugar Mills Limited.