Karachi, Tandlianwala Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 29, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2019 which portrayed a profit of Rs. 433,867,775 with earnings per share 3.69 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Tandlianwala Sugar Mills Limited is a company incorporated in Pakistan on November 1, 1988 as a public limited company. The foundations of the company are laid under the Companies Ordinance 1984. The principal activity of the company is production of white crystalline sugar, ethanol and top gas carbon dioxide. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore. The manufacturing facilities of the company are located at Kanjwani, Dera Ismail Khan and Muzaffar Garh.
The symbol “TSML” is being used by the stock exchange for the shares of Tandlianwala Sugar Mills Limited.