Chashma Sugar Mills to set up a new subsidiary ‘Ultimate Whole Foods’

MG News | April 09, 2021 at 06:19 PM GMT+05:00

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April 9, 2021 (MLN): The management of Chashma Sugar Mills Limited has approved to incorporate a new subsidiary company in the name of "Ultimate Whole Foods (Private) Limited" to set up mills for milling wheat, gram, other grains, cereals, bran, other allied products and value-added products and by-products such as biscuits, flakes, pasta, confectionery and other related by-products from flours of all kinds and description.

As per the notice issued to PSX, the total paid-up capital of the new Company will be Rs. 400.00 million divided into 40 million shares of Rs.10 each. 51% shareholding i.e. Rs. 200.400 million will be contributed by the Company and the remaining will be contributed by the Directors of the Company.

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