Jauharabad Sugar Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on January 28, 2020 at Lahore.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on January 28, 2019, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended September 30, 2019 together with the Directors and Auditors Reports thereon, to consider and approve, as recommended by the Board of Directors the payment of cash dividend for the year ended September 30, 2019 @ 10% i.e. Re. 1/- per ordinary share, to appoint auditors for the financial year September 30, 2020 and fix their remuneration and to Corporate Briefing Session as per requirement of PSX.

Further, the closed period of the company is from January 21, 2020 to January 28, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/141198.pdf

Jauharabad Sugar Mills Limited (Formerly "Kohinoor Sugar Mills Limited") is a public limited company, and has an honor of being one of the pioneer sugar mills of Pakistan, established since independence at Jauharabad, District Khushab in the Punjab Province by the Thal Development Authority. The Company has designed crushing capacity of 8000 MT of sugar cane per day. Cane Processing (Pvt) Limited acquired the majority shares from Saigol family under sales purchase agreement dated October 14, 2013.The new management took the control of the Company after the approval of acquisition of majority voting shares and control of the company by the Securities and Exchange Commission of Pakistan. The Company's name has also been changed to "Jauharabad Sugar Mills Limited" with effect from August 27, 2014. The new management has removed the bottlenecks of the plant and is focused to revitalize the project.

The symbol "JSML" is being used by the stock exchanges for the shares Jauharabad Sugar Mills Limited.

© Pakistan Press International, source Asianet-Pakistan