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Board meeting of Shahtaj Sugar Mills Limited

Karachi, Shahtaj Sugar Mills Limited informed Karachi Stock Exchange about the board of directors meeting of the company scheduled to be held on December 30, 2015. The agenda of the meeting has decided to change the memorandum and article of association of the company to empower it for installation and running of a power project plant. The capital cost of this project will be Rs. 2.632 billion. The 50th annual general meeting of the company will be held on January 28, 2016.

The agenda of the annual general meeting will be confirming the minutes of 49th annual general meeting held on January 27, 2015, consideration of the audited financial statement of the company for the year ended September 30, 2015, appointing and fixing the remuneration of the auditors.

Further, the closed period of the company shall be from January 22 to January 29, 2016 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.

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