Karachi: Faran Sugar Mills Limited has announced the successful crediting of its Right Shares into the Central Depository System (CDS) accounts. As of January 23, 2025, shareholders of the company have had their respective accounts or sub-accounts maintained by the Central Depository Company of Pakistan Limited updated with the new shares. This development marks a significant step for investors and the company, ensuring seamless electronic access to newly subscribed shares.

According to the details provided, shareholders who opted to subscribe to the shares in physical form will soon receive their share certificates. The process for these physical share certificates is underway and is expected to be completed within the designated timeframe. Shareholders who prefer to have their certificates delivered by post need to send a written request, alongside the paid Letter of Rights, to M/s. C & K Management (Pvt.) Limited, the Share Registrar of the Company, located at 13, Progressive Plaza, Civil Lines Quarter, Near P.I.D.C., Beaumont Road, Karachi. Upon receipt, the certificates will be dispatched via registered post or courier services.

This initiative aligns with the market's ongoing digital transformation, reflecting the company's commitment to modernize and streamline its shareholder services. According to information available from the Pakistan Stock Exchange (PSX), these steps are crucial for enhancing market efficiency and investor confidence.

The company has requested that the relevant Trading Rights Entitlement (TRE) Holders of the Exchange be duly informed of this development to ensure all stakeholders are up-to-date with the latest shareholder information. This marks a pivotal moment for Faran Sugar Mills Limited as it continues to engage with its investors and the broader market community.