Mardan: Chashma Sugar Mills Limited, a key player within the Pakistan sugar industry, has announced its 38th Annual General Meeting (AGM) slated for January 28, 2026. The meeting will take place at the company's registered office on Nowshera Road, Mardan, at 11:00 AM. Shareholders will address several agenda items, including the adoption of financial statements and the appointment of auditors, among other ordinary and special business.
The AGM will confirm the minutes from the Extra Ordinary General Meeting that occurred on April 3, 2025. Following this, shareholders will be asked to receive, consider, and adopt the audited financial statements alongside reports from directors and auditors for the fiscal year ending September 30, 2025. The current auditors, M/s. ShineWing Hameed Chaudhri & Co., Chartered Accountants from Lahore, are retiring but have offered themselves for reappointment for the subsequent financial year.
A key highlight of the meeting is the proposal to convert outstanding receivables from Whole Foods (Private) Limited into equity investment. This involves an amount of Rs. 772,233,277 as of September 30, 2025, which is expected to increase to Rs. 880,000,000 by October 25, 2027. Shareholders will also address related party transactions conducted in the ordinary course of business during the financial year ended September 30, 2025, and those planned for the upcoming year.
According to information available from the Pakistan Stock Exchange (PSX), Chashma Sugar Mills Limited reported a significant decrease in its financial performance for the year 2025. The company experienced a net operating loss of Rs. 166,211, contrasting sharply with the profit of Rs. 285,284 recorded in 2024, indicating a very large or significant move. The profit before tax also took a downturn, with a loss of Rs. 3,514,985 reported, representing a big move from the previous year's loss of Rs. 3,913,820. After-tax losses were recorded at Rs. 2,948,590, marking a big move compared to the prior year's loss of Rs. 2,637,248.
Sales figures for the year 2025 amounted to Rs. 24.90 billion, a decrease from Rs. 34.27 billion in 2024. This reflects the company's struggle to maintain its market standing amid challenging economic conditions. The cost of sales for the same period was Rs. 23.24 billion, down from Rs. 30.05 billion in the previous year.
In terms of production, the company processed 1,484,965 tons of sugarcane in 2025, producing 144,314 tons of sugar, with a recovery rate of 9.74%. Ethanol production reached 43,448,982 liters from 177,093 tons of molasses, achieving a recovery rate of 19.63%.
Chashma Sugar Mills Limited remains a significant entity within the Pakistan stock market’s designated market category, contending with fluctuating financial metrics amid broader economic pressures. The upcoming AGM will serve as a critical forum for addressing these challenges and outlining future strategic directions.