Shahtaj Sugar Mills Limited was incorporated in Pakistan on March 27, 1965 as a public limited company under the Companies Ordinance with a registered office situated in Karachi. The company is listed on Karachi and Lahore Stock Exchanges since 1972 and is engaged in the manufacture of sugar from sugarcane. Molasses is the only significant by-product contributing the Company’s revenues. The mill i
s located at Mandi Bahauddin in the Province of (Punjab) It went into commercial production in November 1968. It started with a crushing capacity of 1500 tonnes per day on double carbonation double sulphitation (DCDS) process, later in 1984 the plant was expanded to 4,000 tones per day and the process was also changed to Defection Remelt Phosphitation (DRP). The company completed another major BMR-Cum-Expansion program in 1996, aiming to double the capacity of the plant to remain one of the leading sugar mills of Pakistan. Present Crushing Capacity of mills is 8,000 -10,000 M.Tons sugarcane per day. There has been substantial growth in the company in terms of sales, profits, dividends, paid-up capital, reserves, capital employed etc. Due to good performance, the company was given top company award by Karachi Stock Exchange three times in 1982, 1984 & 1988. Company is managed by a competent and experienced Board of Directors with seven independent directors out of ten. Company also fully complies with all International Accounting Standard as applicable in Pakistan. M/s. Ernst & Young Ford, Rohdes, Sidat Hyder & Company renowned chartered accountants firm is the auditors of the company from its inception.
