Shakarganj Limited
Management House, Toba Tek Singh Road, Jhang - 35200, Pakistan
Tel: (047) 111 111 765 Fax: (047) 763 1011 URL: hxp://https://www.shakarganj.pk
SMUPSX/ Mar 2025
29 May 2O2S
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
SUBJECT: FINANCIAL RESULTS FOR THE 2ND £}UARTER AND SIX MONTHS
PERIOD ENDED 31 MARCH 2025
Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on 29 May 2025 at 12:00 noon through video link recommended the following:
CASH DIVIDEND
An interimCash Dividend for the 2nd quarer and six months period ended 31 March 2025 at Rs. NIL per share i.e. NiL %. This is in addition to Intefim Dividend(s) already paid at Rs. _NIL_ per share i.e. _NIL_ %.
AND/OR
BONUS SHARES
It has been recommended by the Board of Directors to issue interim Bonus Shares in proportion of NIL share(s) for every NIL share(s) held i,e. NIL 0 o. This is in addition to the Interim Bonus Shares already issued @_NIL_ %.
AND/OR
RIGHT SHARES
The Board has recommended to issue _NIL_% Right Shares at par/at a discounVpremiumof Rs. NIL per share in proportion of NILE share(s) for every _NIL share(s). The entitlement of right shares being declared simultaneously will be I will not be applicable on Bonus Shares as declared above.
Principal Office:
Executive FIoDf, IT Tower, 73 E I Hali Road, GulbergIII
Lahore - 54600. Pakistan Tel: (042) 111 111 765
Fax: (042) 357g 3811
Faisalabad Office: Chak Jhumra Road Nishatabad
Falsalabad - 38000, Pakistan Tel: (041) 875 ZB1O
FBX: (041) 875 2811
Shakarganj Limited
Management House, Toba Tek Singh d,Jhang-352 , Pakistan
Tel: (047) 111 111 765 Fax: (047) 763 1011 URL: hrp://wvfw.shakarganj.pk
AND/OR
{!v) ANY OTHER ENTITLEMENT/CORPORATE ACTION
AND/OR
(v) ANY OTHER PRICE-SENSITIVEINFORMATION
The auditors review repop contains the following :-
"Basis for Adverse Conclusion
The Company has again sustained loss after taxation for the half year ended 31 March 2025 amounting to Rs. 1,655.767 million, which took the accumulated loss to Rs. 6,707.066 million at the reporting date along with adverse current ratio at that date. Further, the texile segment of the Company remained closed during the whole period as well as the previous year. The Company has also overdue statutory obligations. The disposal of cerBin assex are held up due to court cases, while the company needs knds for the upgradation of plant & machinery of textile and sugar divisions at Jhang. There is no wrixen commitment from the directors / shareholders of the company to finance its above said obligations / working capital requirements. All these situations indicates that a material uncertainty exists fat may cast significant doubt on the Company's abillty to continue as a going concern, which has not been appropriately resolved, assessed and disclosed in these financial statements.
Adverse Conclusion
Our review indicates that because of the significance of the matter as described in the Basis for Adverse Opinion section of our repox, these unconsolidatedcondensed interim financial statements afe not pfepared, in all material respects, in accordancewith accounting and reposing standards as applicable in Pakistan for interim financial feporting,"
However, the Company has prepared its unconsolidated condensed interim financial statements on going concern basis due to reasons mentioned in Note 1.2 of these uncocsoli-dated condensed interim financial statements.
The Financial Results(Unconsolidated and Consolidated)of the Company are axached.
Principal Office:
Executive Floor, IT Tower, 73 E I
Hall toad, Gulberg III
Lahore 54600 Pakistan
Tef {042) 111 )11 765
Fax (042) 3578 3811
Faisalabad Office: Chak Jhum›a Road Nishatabad
Faisalabad 38000, Pakistan
Tel: (041) 875 2810
Fax: (041) 875 2811
Shakarganj Limited
Management H0use, Toba Tek Singh Road, Jhang - 3S200, Pakistan
Tel: (047) 111 111 765 Fax: (047) 763 1011URL: hnp:/Awzw.shakarganj.pk
The Repor (Unconsolidated and Consolidated) of the Company for the 2* quarter and six months period ended 31 March 2025 will be transmixed through PUCARS separately, wiDin the specified time.
¿ours Sincerely,
ompany Secretary
Copy to: Executive Director/HOD
Supervision Division
Securities & Exchange Commission of Pakistan
63, NIC Building, Jinnah Avenue, Blue Area,lslamabad.
Principal Office:
Executive Floor, iT Tower, 73 E I Hali Road, Gulberg III
Lahore - 54600, Pakistan
Tel: (042) 1LL 111 765
Fax: (042) 3578 3811
Faisalabad Office:
Chak Jhumra Road
Nishatabad
Falsalabad - 38000, Pakistan Tel: (041) BY5 2810
Fax: (041) 875 2811
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