Board of directors meeting of Sanghar Sugar Mills Limited

Karachi, Sanghar Sugar Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on May 27, 2022 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended March 31, 2022.

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

The Company is a public limited Company incorporated in 1986 in Pakistan. The Company is principally engaged in the manufacture and sale of sugar and sale of its by-products i.e. molasses and bagasse. The Company has also installed bagasse based power generation and transmission equipment to sell surplus electric power. The Company went into commercial production in January 1988. Initially Mills having a capacity of 2,000 T.C.D. was installed. Subsequently the capacity has been increased to 6,000 T.C.D. and now currently stands at 8,500 T.C.D.

The total number of shares the company has introduced so far are 11,946,000. The Earnings per share is 9.94 in 2020 which was 8.28 in 2019. The Company had a loss of Rs. 118,755,000 in 2020 which was 98,855,000 in 2019.