Shahtaj Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on June 11, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 2,324 with earnings per share 0.91 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/148862.pdf

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.

© Pakistan Press International, source Asianet-Pakistan