Chashma Sugar Mills Limited has initiated the process of modernizing its plant and machinery at its ethanol fuel plant located in Ramak, Dera Ismail Khan, marking a step forward in the company’s growth and strategic expansion plans.

According to the company’s disclosure to the Pakistan Stock Exchange, the modernization project covers the Chashma Sugar Mills Unit-II facility at Ramak. The company said the initiative is aimed at upgrading its existing plant and machinery and includes the installation of molecular sieves in its ethanol fuel plant.

The development was formally communicated to the Pakistan Stock Exchange on April 21, 2026, under the disclosure requirements of Sections 96 and 131 of the Securities Act, 2015 and the applicable PSX regulations. The company described the project as being aligned with its growth-oriented policies and strategic expansion plans.

The installation of molecular sieves represents an important component of the planned modernization of the ethanol facility. While the company’s disclosure does not provide details regarding the project’s investment size, completion timeline or expected financial impact, the initiative signals continued efforts to enhance the capabilities of its ethanol operations.

Chashma Sugar Mills operates its ethanol fuel plant at Ramak, Dera Ismail Khan, alongside its other facilities in the area. The company’s disclosure was signed by Company Secretary Mujahid Bashir and submitted as material information to the PSX.

For investors and market participants, the modernization initiative will be an area to watch as the project progresses. Further details regarding implementation, capital expenditure and operational benefits may provide greater insight into its potential contribution to the company’s future performance.

In summary, Chashma Sugar Mills’ move to modernize its Ramak ethanol plant and install molecular sieves highlights the company’s focus on upgrading its industrial infrastructure while pursuing its broader growth and expansion strategy.