Bhanero Textile Mills Board approves sale of 27 acres of land to related party

MG News | March 10, 2026 at 11:34 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 10, 2026 (MLN): Bhanero Textile Mills Limited's (PSX:BHAT) board of directors, has approved the sale and transfer of 27.08 acres of land at arm's length to related party M/s Umer Farms (Pvt) Ltd, under the provisions of Section 183 of the Companies Act, 2017.

The board resolved to convene an Extra Ordinary General Meeting (EOGM) to seek member approval for the said sale and transfer under the provisions of Sections 183, 207-208 of the Act.

The board further authorized Mr. Mohammad Salim and Mr. Muhammad Shaheen to act singly or to appoint an "Attorney" to sign, submit, and deliver the required documents to fulfil all legal formalities with the concerned authorities and execute the transaction in the most beneficial interests of shareholders and the company.

The aforementioned information was disseminated through a notification to Exchange.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,976.95 346.03M	-1.24% -2264.83
ALLSHR	109,290.99 799.02M	-1.17% -1292.68
KSE30	53,722.13 83.89M	-1.30% -709.59
KMI30	253,509.60 103.19M	-1.33% -3404.62
KMIALLSHR	70,129.03 518.01M	-1.28% -912.28
BKTi	51,081.68 17.45M	-1.22% -631.08
OGTi	36,204.73 7.61M	-1.24% -454.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,180.00	64,680.00 62,605.00	-905.00 -1.41%
BRENT CRUDE	77.81	79.80 77.28	1.80 2.37%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	118.00	0.00 0.00	0.65 0.55%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	73.14	75.08 72.61	1.73 2.42%
SUGAR #11 WORLD	14.69	14.98 14.65	-0.19 -1.28%