Pakistan Company News – Financial results of Shahtaj Sugar Mills Limited for Year ended September 30, 2018

Financial results of Shahtaj Sugar Mills Limited for Year ended September 30, 2018

Karachi, Shahtaj Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on December 31, 2018.

The agenda of the meeting was discussion of profit and loss account for year ended September 30, 2018 which portrayed a loss of Rs. 408,845 with loss per share 34.04 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from January 21, 2019 to January 28, 2019 (both days inclusive).

Shahtaj Sugar Mills Limited was incorporated in Pakistan on March 27, 1965 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacture of sugar from sugarcane. The company also produces Molasses which is a by-product extracted from sugarcane. The commercial production of the company started in November 1968. The stocks of the company are quoted on the Karachi and Lahore Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The mill is located at Mandi Bahauddin in Punjab. The crushing capacity of the mill is 8,000-10,000 metric tons sugarcane per day.

The symbol “SHJS” is being used by the stock exchanges for the shares of Shahtaj Sugar Mills Limited.