Azgard Nine completes transactions for Muzaffargarh unit

MG News | November 13, 2025 at 03:44 PM GMT+05:00

0:00

November 13, 2025 (MLN): Azgard Nine Limited (PSX:ANL) has completed a significant transaction related to its Creditors' Scheme of Arrangement, involving the sale of lands associated with the Muzaffargarh Unit along with all plant, equipment, and installations.

Agent Banks have confirmed the full completion of transactions related to the building and machinery at the Muzaffargarh Unit, the company's filing on PSX revealed today.

Proceeds amounting to Rs674 million, along with the net accrued profit after deducting scheme-related expenses, have been distributed to creditors.

Following is the updated position of the transaction:

Sr. No.	Asset	Offered Amount (PKR)	Amount deposited/paid (PKR)	Remaining Amount (PKR)
1	Machinery	474,000,000/−	474,000,000/−	NIL
2	Building	200,000,000/−	200,000,000/−	NIL
3	Land	746,000,000/−	39,587,925/−	706,412,075/−
Total		1,420,000,000/−	713,587,925/−	706,412,075/−

Copyright Mettis Link News

Related News

Azgard Nine reports 32% decline in 1HFY25 profit to Rs200mn

Azgard Nine’s sale of Muzaffargarh unit extended to June 30, 2025

Name	Price/Vol	%Chg/NChg
KSE100	160,657.50 254.92M	1.56% 2473.55
ALLSHR	97,208.72 796.11M	1.22% 1169.03
KSE30	48,725.95 154.32M	1.74% 835.38
KMI30	229,755.09 115.58M	2.00% 4494.89
KMIALLSHR	63,315.99 290.41M	1.59% 988.16
BKTi	44,068.57 45.85M	0.50% 220.43
OGTi	30,790.66 8.05M	1.67% 507.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	103,080.00	104,305.00 101,110.00	1345.00 1.32%
BRENT CRUDE	63.05	63.13 62.34	0.34 0.54%
RICHARDS BAY COAL MONTHLY	85.25	0.00 0.00	0.15 0.18%
ROTTERDAM COAL MONTHLY	95.75	96.20 95.65	0.20 0.21%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.79	58.88 58.12	0.30 0.51%
SUGAR #11 WORLD	14.47	14.77 14.46	-0.05 -0.34%