Gatron pulls out of NFL,G&T scheme

MG News | August 13, 2025 at 09:40 AM GMT+05:00

0:00

August 13, 2025 (MLN): Gatron Industries Limited (PSX: GATI) has shared that it has withdrawn its approval for a proposed Scheme of Arrangement involving Nova Frontiers Limited (NFL) and Ghani & Tayub (Private) Limited (G&T), following the decision of both companies to terminate the plan.

The company stated that its board had initially approved participation in the scheme, subject to approval by the High Court of Balochistan and shareholders.

However, NFL and G&T have now resolved to withdraw due to latest developments, the company's filing on PSX revealed today.

GATI clarified that its role in the scheme was purely administrative and that the primary transaction was between NFL and G&T and their respective shareholders.

The withdrawal will have no impact on GATI’s business operations, assets, or other shareholders.

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