Karachi: Faran Sugar Mills Limited informed Karachi Stock Exchange about the board of directors meeting held on December 17, 2015 at Karachi.
The agenda of the meeting was discussion of profit and loss account for the year ended September 30, 2015 which portrayed a profit of Rs. 309,766,109 and earning per share Rs. 12.39 basic and diluted.
Further, Rs. 5 per share i.e. 50% payment of cash dividend, and nil payment of bonus shares and right shares was agreed.
The annual general meeting of the company will be held on January 28, 2016 at the Institute of chartered accountants of pakistan in Karachi.
Further, the share transfer books of the company will remain closed from January 21 to January 28, 2016 both days inclusive.
Faran Sugar Mills Limited is a company incorporated in Pakistan on November 03, 1981 as a Public Limited Company. The foundations of the company are laid under the principals of the Companies Ordinance, 1984. The principal business of the company is to manufacture and sale white sugar. The stocks of the company are quoted on the Karachi and Lahore Stock Exchange of Pakistan. The mill of the company is located at Hyderabad Sindh and the registered office of the company is situated at Karachi.
The symbol “FRSM” is being used by the stock exchange for the shares of Faran Sugar Mills Limited.