Thal Industries to Seek Shareholder Approval for Expansion Projects at Upcoming EGM

Lahore: The Thal Industries Corporation Limited has announced plans to convene an Extraordinary General Meeting (EGM) of its shareholders to discuss expansion initiatives.

The meeting, scheduled for September 20, 2024, in Multan, aims to garner shareholder approval for significant infrastructure developments at its Layyah Sugar Mills. According to information available from the Pakistan Stock Exchange (PSX), the proposed enhancements include additional molasses storage, a new bagasse storage yard, and an expanded sugarcane yard.

The Board of Directors, under the guidance of CEO Mr. Muhammad Shamim Khan, approved these proposals during their meeting on August 27, 2024, at the Lahore office adjacent to Unit 1 of Layyah Sugar Mills. The decision aligns with the company’s strategic goals to increase operational capacity and efficiency.

For shareholders intending to participate in the EGM, the Share Transfer Books will be closed from September 14 to September 20, 2024. Transfers finalized by the close of business on September 13 will be acknowledged for meeting attendance and voting rights.

The notice regarding the Extra-Ordinary General Meeting will be issued through PUCARS at least 21 days before the event, ensuring compliance with the Securities Act of 2015 and the regulations of the Pakistan Stock Exchange Limited.

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