Pakistan Company News – Resignation of a Director of Baba Farid Sugar Mills Limited

Resignation of a Director of Baba Farid Sugar Mills Limited

Karachi, Baba Farid Sugar Mills Limitedinformed Pakistan Stock Exchange that Mr. M. Maqsood Ul Hassan has resigned from the post of Director of the Company on July 10, 2018. The aforesaid resignation was considered and approved by the Board of Directors of the Company in their meeting held on July 11, 2018. The casual vacancy will be filled in the due course.

Baba Farid Sugar Mills Limited is a company incorporated in Pakistan in 1978 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. It is principally engaged in the manufacturing and sale of sugar including its by-products i.e. Molasses and V. Filter Cake. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi and its manufacturing facility is located in Punjab.

Baba Farid Sugar Mills Limited is the second sugar mill of the Imporient Group and is located in Okara. The production capacity of the company is 27,200 Tonnes. The company is also a member of the Chamber of Commerce and Industry.

The symbol “BAFS” is being used by the stock exchanges for the shares of Baba Farid Sugar Mills Limited.