Pakistan Company News – Board of directors meeting of Jauharabad Sugar Mills Limited

Board of directors meeting of Jauharabad Sugar Mills Limited

Karachi, Jauharabad Sugar Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on July 24, 2017 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2017.

Further, the company has declared the closed period from July 17, 2017 to July 24, 2017

Jauharabad Sugar Mills Limited (Formerly “Kohinoor Sugar Mills Limited”) is a public limited company, and has an honor of being one of the pioneer sugar mills of Pakistan, established since independence at Jauharabad, District Khushab in the Punjab Province by the Thal Development Authority. The Company has designed crushing capacity of 8000 MT of sugar cane per day. Cane Processing (Pvt) Limited acquired the majority shares from Saigol family under sales purchase agreement dated October 14, 2013.The new management took the control of the Company after the approval of acquisition of majority voting shares and control of the company by the Securities and Exchange Commission of Pakistan. The Company’s name has also been changed to “Jauharabad Sugar Mills Limited” with effect from August 27, 2014. The new management has removed the bottlenecks of the plant and is focused to revitalize the project.

The symbol “JSML” is being used by the stock exchanges for the shares Jauharabad Sugar Mills Limited.