Pakistan Company News

Board of directors meeting of Thal Industries Corporation Limited

Karachi, Thal Industries Corporation Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on May 24, 2022 at Lahore. 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 17, 2022 to May 24, 2022.

The Thal Industries Corporation Limited was incorporated in Pakistan on 07 September 1953 as public company limited by shares. The Company is principally engaged in production and sale of refined sugar and its by-products.

The Thal Industries Corporation Limited (TICL) has entered into seventh decade from the time of its incorporation. It produces several grades of quality sugar and involved in the co-generation to export surplus electricity to the national grid. The Company has two sugar manufacturing units, Unit-1: Layyah Sugar Mills, Layyah with a crushing capacity of 13,000 TCD and Unit-2: Safina Sugar Mills, Lalian, Chiniot with a crushing capacity of 8,000 TCD. Thal Industries is equipped with milling tandems that are automated from cane feeding to packaging through PAN, Mill Houses etc.

The total number of shares of the Company is 15,023,200. The Earning per share is 84.12 in 2020 which was 22.78 in 2019. The Profit after tax is 1,263,771,000 in 2020 which was 342,299,000 in 2019.