Thal Industries Corporation Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on January 27, 2020 at Lahore.

The agenda of the meeting will be confirming the minutes of 65th Annual General Meeting held on January 26, 2019, to receive, consider and adopt the Annual Audited Accounts along with Balance Sheet for the year ended September 30, 2019 together with the Directors and Auditors Reports thereon, to consider and approve cash dividend @ of Rs. 1.50 per share i.e. 15% for the year ended September 30, 2019, to appoint auditors of the Company for the next financial year September 30, 2020 and fix their remuneration and to transact any other business with the permission of the chair.

Further, the closed period of the company is from January 21, 2020 to January 27, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/141190.pdf

The Thal Industries Corporation Limited is a public limited company incorporated in Pakistan on September 7, 1953. The foundation of the company is formed under the Companies Ordinance, 1984. The company is principally engaged in production and sale of sugar and its by-products. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Multan.

The company produces several grades of quality sugar and is involved in the co-generation to export surplus electricity to the national grid. The company has two sugar manufacturing units namely Layyah Sugar Mills with a crushing capacity of 12,000 TCD and Safina Sugar Mills with a crushing capacity of 7,500 TCD.

The symbol "TICL" is being used by the stock exchanges for the shares of the Thal Industries Corporation Limited.

© Pakistan Press International, source Asianet-Pakistan