Thal Industries plans land purchase to enhance storage facilities

MG News | August 27, 2024 at 03:37 PM GMT+05:00

0:00

August 27, 2024 (MLN): The Board of Directors of The Thal Industries Corporation Limited (PSX: TICL) has directed that the proposed acquisition of 112 Kanal 11 Marla of freehold land be presented for approval at the upcoming extraordinary general meeting of shareholders.

The land, which is adjacent to Unit 1 of Layyah Sugar Mills, Mandi Town, Layyah, is to be purchased from Mr. Muhammad Shamim Khan, Chief Executive Officer of the Company,

This acquisition is intended to facilitate additional storage for molasses, a bagasse storage yard, and a sugarcane yard.

TICL further informed that an Extraordinary General Meeting of shareholders will be held on Friday, September 20, 2024, to seek approval of the aforementioned business.

Accordingly, the share transfer books of the company for EOGM will remain closed from September 14, 2023, to September 20, 2024 (both days inclusive).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	173,169.71 245.48M	0.58% 999.42
ALLSHR	103,952.96 533.68M	0.46% 476.31
KSE30	53,042.90 95.92M	0.73% 384.11
KMI30	242,931.39 83.21M	1.01% 2420.10
KMIALLSHR	66,507.09 270.16M	0.79% 519.06
BKTi	51,058.55 42.50M	0.09% 45.65
OGTi	34,159.98 10.77M	1.77% 594.51

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,925.00	68,450.00 66,565.00	720.00 1.07%
BRENT CRUDE	71.68	72.34 71.06	0.02 0.03%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.50 -3.52%
ROTTERDAM COAL MONTHLY	105.50	0.00 0.00	-1.45 -1.36%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.31	67.03 65.81	-0.09 -0.14%
SUGAR #11 WORLD	13.86	14.02 13.61	0.16 1.17%