Categories: Material Information

Chasha Sugar Mills incorporates a new subsidiary

In a notification sent to the PSX on 19/03/2024, Chashma Sugar Mills (CHAS) has announced that it is setting up a new subsidiary.

Chashma Sugar Mills Limited is to create a new company called “Premier Grain Ethanol Limited“. The company will produce and sell various varieties of Ethanol and related products. The paid-up capital of the new company will be 650.02 million rupees divided into 65.002 million Ordinary Shares.

The shares of CHAS were trading at Rs. 65.00 at market close today.

Aamir Hayat

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