Shahtaj Sugar Mills Limited (Pakistan)

Shahtaj Sugar Mills Limited is a public limited company located in Lahore, Pakistan. It was incorporated on March 27, 1965, under the Companies Ordinance. The company is listed on the Karachi and Lahore Stock Exchanges since 1972. Shahtaj Sugar Mills Limited is primarily engaged in the manufacture of sugar from sugarcane. Its main by-product is molasses, which contributes to the company's revenues. The mill is situated in Mandi Bahauddin, Punjab, and started commercial production in November 1968. The original plant and machinery were imported from Italy. Over the years, the company has undergone expansions and upgrades to increase its crushing capacity. Currently, the mill has a crushing capacity of 8,000-10,000 metric tons of sugarcane per day. Shahtaj Sugar Mills Limited has experienced substantial growth in terms of sales, profits, dividends, paid-up capital, reserves, and capital employed. The company has received the top company award from the Karachi Stock Exchange three times in 1982, 1984, and 1988. It is managed by a competent and experienced Board of Directors, with seven independent directors out of ten. The company fully complies with all International Accounting Standards applicable in Pakistan and is audited by M/s. Ernst & Young Ford, Rohdes, Sidat Hyder & Company, a renowned chartered accountants firm.