Board of directors meeting of Chashma Sugar Mills Limited

Karachi, Chashma Sugar Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on July 27, 2022 at Islamabad. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2022.

Further, the company has declared the closed period from July 20, 2022 to July 27, 2022.

Chashma Sugar Mills Limited was incorporated in Pakistan on May 5, 1988 as a public limited company. The Company is principally engaged in manufacturing, production, processing, compounding, preparation and sale of sugar, other allied compound, intermediates and allied products. The Company is a subsidiary of The Premier Sugar Mills and Distillery Company Limited.

The sponsors set up this sugar mill in 1991. The sponsors have so far helped growers to develop 150,000 acres of land for the cane supply by providing technical expertise and other assistance and have expanded the factory to 18,000 tons per day, the largest in Pakistan.

The total number of shares of the Company are 28,692,000. The Earnings per shares is 26.0 in 2020 which was 20.17 in 2019. The profit after Taxation of the Company is 746,115,000 in 2020, which was 578,648,000 in 2019.