Karachi, Shakarganj Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on January 30, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a loss of Rs. 390,335 with loss per share 3.33 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Shakarganj Limited was incorporated in Pakistan in 1967 as a Public Limited Company and is listed on Pakistan stock exchange.Shakarganj is a leading manufacturer of food products, bio fuel and building materials as well as textiles. They transform renewable crops such as sugarcane and cotton into value added products comprising of refined sugar, textiles, bio fuels and building materials in addition to generating bio power from biogas. Shakarganj has two manufacturing facilities in the Jhang District and a registered office in Lahore.
Shakarganj, through its interest in Shakarganj Food Products Limited, is also active in production of dairy and fruit products and is one of the leading brands in the Pakistan retail market.
The symbol “SGML” is being used by the stock exchange for the shares of Shakarganj Limited.