Chashma Sugar Mills initiates amalgamation process with wholly-owned subsidiary

MG News | August 21, 2025 at 12:13 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 21, 2025 (MLN): Chashma Sugar Mills Limited (PSX: CHAS) has shared that its Board of Directors has approved a Scheme of Amalgamation with its wholly-owned subsidiary, Ultimate Whole Foods (Private) Limited.

The amalgamation application containing the scheme has already been submitted to the Securities and Exchange Commission of Pakistan (SECP) for approval, marking the formal commencement of the process, according to the company's statement issued today.

The proposed effective date of the amalgamation is June 10, 2025, or such other date as may be specified by the Registrar of Companies once the scheme becomes operative upon completion.

The company stated that this strategic move is aimed at streamlining operations, enhancing administrative efficiency, and strengthening the Group’s overall financial and operational position in the long term.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.20 228.53M	-0.42% -718.25
ALLSHR	103,836.39 572.65M	-0.41% -422.85
KSE30	50,951.99 89.47M	-0.52% -264.77
KMI30	240,633.87 93.99M	-0.31% -756.80
KMIALLSHR	66,572.75 300.61M	-0.28% -185.59
BKTi	48,673.23 31.18M	-0.70% -343.86
OGTi	33,702.25 6.35M	-0.61% -205.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,715.00	64,825.00 63,875.00	500.00 0.78%
BRENT CRUDE	98.70	101.19 95.13	-1.99 -1.98%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.70 0.58%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	90.47	0.00 0.00	1.16 1.30%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%