Karachi: Faran Sugar Mills Limited has successfully credited its right securities into the Central Depository System (CDS), following the allotment of 14.47 million securities to the Central Depository Company of Pakistan Limited. This development was confirmed through a letter dated January 22, 2025, and the rights were officially credited by the end of January 23, 2025.

The company's paid-up capital is now recorded at 39.51 million securities. Stakeholders are encouraged to verify their accounts and report any discrepancies urgently to ensure the accuracy of records.

According to information available from the Pakistan Stock Exchange (PSX), this move reflects a strategic step by Faran Sugar Mills Limited to enhance its financial structure and market presence. The company's efforts to streamline its securities in the Central Depository System signify a commitment to maintaining transparency and efficiency in its financial operations.

The market response to this announcement will likely be observed in the coming sessions, as the increased paid-up capital may influence the trading patterns of Faran Sugar Mills Limited on the Pakistan Stock Exchange.