Noon Sugar Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on January 25, 2020 at Lahore.

The agenda of the meeting will confirm the minutes of the Annual General Meeting held on January 26, 2019, to receive, consider and adopt the audited accounts for the year ended September 30, 2019 and the reports of the directors and auditors thereon, to approve payment of Dividend. The Board has recommended dividend @ Rs. 3.00 per share (30%), to appoint auditors for the year ending September 30, 2020 and to fix their remuneration and to transact any other business as may be placed before the meeting with the permission of the Chairman.

Further, the closed period of the company is from January 18, 2020 to January 25, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/141166.pdf

Noon Sugar Mills Limited was incorporated in 1964 as a public limited company in Pakistan. The registered office of the company is located in Lahore. The manufacturing plant of the company for manufacturing white sugar is located in the province of Punjab. The products of the company include white sugar, ethyl alcohol industrial grade and fuel grade products. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The plant became operational in the year 1966. The optimum capacity of the plant is 9,000 TCD as recorded in 2006-2007. An alcohol distillery was added during 1986 with a production capacity of 50,000 liters/day in 2002. A facility with an option to provide 30,000 LPD Industrial of fuel grade ethanol was added in 2002. A fuel ethanol plant of 100,000 LPD was added in 2005. The distillery is ISO 9001 certified since 1998 which later upgraded to ISO-9001-2000. An effluent treatment plant was installed in 1997 so that bio-degradable waste water can be used as a renewable source of energy to replace 70% of fuel oil/natural gas, for generation of process steam.

The symbol "NONS" is being used by the stock exchanges for the shares of Noon Sugar Mills Limited.

© Pakistan Press International, source Asianet-Pakistan