Board of directors meeting of Faran Sugar Mills Limited

Karachi, Faran Sugar Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company held on October 17, 2016. The agenda of the meeting was discuss a proposal for investment in food business in line with our long term strategy of diversification and approved to invest Rs. 280 million in the proposed project Uni-Food Industries Limited.

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.