Cane Processing Pvt. Limited (CPL) (the acquiring sponsor company) acquired KSML by formalizing all SECP requirements as per rules. CPL advertised in the Daily newspaper on Oct, 11 2013 declaring its intention for acquisition of the Company and its Sponsor Shares. Approval for transfer of shares was granted by SECP on Nov 28th 2013 thereby shares of KSML were transferred to the new management Company on Jan1, 2014. Resultantly assets and liabilities of KSML were acquired by CPL. The Sugar Mill also got itself renamed as Jauharabad Sugar Mills Limited.
Cane Processing (Pvt) Limited registered under Companies Ordinance 1984 having its registered office at 125-B, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore, was incorporated as on June 27th 2013. It holds 63.66% shares of Jauharabad Sugar Mills. Important information about the Company is as follows:
Name of the Company
Cane Processing (Private) Limited
27th June 2013
Registered Office Address
125-B, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.
Authorized Share Capital
1,000,000 ordinary shares of Rs 10 each
Paid up Share Capital
1,000 ordinary shares of Rs 10 each
Mrs. Ghazala Amjad
Mrs. Ghazala Amjad, holds 99% shares
Mr. Jamal Ahmad, holds 01% shares
Major Business Activity
Trading of Sugarcane Products, sugarcane machinery, sugar mill machinery etc. to act as a holding company and to invest in other companies.