Karachi: Faran Sugar Mills Limited has announced a detailed schedule for handling unpaid rights through the Central Depository System (CDS), according to a notice circulated by the Central Depository Company of Pakistan Limited. The information, aimed at facilitating shareholders and stakeholders, includes critical dates and guidelines for the process.

The schedule indicates that the book closure dates for handling unpaid rights are set from November 22 to November 29, 2024. The rights issue comes with a right ratio of 58%, identified under the symbol "FRSWIR" with an ISIN of PK0028403043. All branches of Meezan Bank Limited will serve as the bankers for physical applications, and specific guidelines have been provided for online payments.

Key activities and their respective dates include the commencement of trading of unpaid rights at the stock exchange on December 5, 2024, and the last date for trading at the stock exchange on December 27, 2024. The final date for subscription requests and payments is January 3, 2025. The tentative date for the credit of shares against paid rights is set for January 23, 2025.

According to information available from the Pakistan Stock Exchange (PSX), these dates are contingent upon the schedule for the rights issue, as announced in a letter dated November 27, 2024. Shareholders are advised to adhere to these timelines to ensure smooth handling of their unpaid rights.

For any queries or concerns, stakeholders can contact the Customer Support Services of the Central Depository Company of Pakistan Limited at 0800-CDCPL (23275) or via email at [email protected].