Karachi, In their meeting held on July 24, 2023, the Board of Directors of Shahmurad Sugar Mills Limited made significant recommendations for shareholders. The key points include:

1. Cash Dividend: An Interim Cash Dividend for the period ended June 30, 2023, at the rate of Rs. 15.00 per share, i.e., 150% of the face value. This is in addition to the Interim Dividend of Rs. 15.00 per share (150%) already paid previously.

2. Bonus Issue: The Board recommended issuing Bonus Shares in the proportion of NIL share(s) for every NIL shares held, i.e., NIL%. This is in addition to the Interim Bonus Shares already issued at NIL%.

3. Right Shares: The Board further proposed issuing NIL % Right Shares at par/at a discount/premium of Rs. Nil per share in proportion to NIL share(s) for every NIL shares. The entitlement of Right Shares will be declared simultaneously and will not be applicable to the Bonus Shares as declared above.

4. Other Corporate Actions: No other entitlement or corporate action was recommended.

Additionally, Shahmurad Sugar Mills Limited provided their Condensed Interim Statement of Profit or Loss (Un-Audited) for the Nine Months Period Ended June 30, 2023. The company's financial results showed a significant increase in sales and gross profit compared to the same period in the previous year.

The Shares Transfer Book of the Company is set to be closed from August 08, 2023, to August 10, 2023 (both days inclusive). Transfers received at the Registrar's Office of the company before the close of business on August 07, 2023, will be treated in time for the purpose of transfer/entitlement.