Karachi, Faran Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May 25, 2017.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2017 which portrayed a profit of Rs. 53,559,984 with earnings per share 2.14 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company