Haji Mohammad Ismail approves revival plan, considers merger

October 2, 2025 (MLN): Haji Mohammad Ismail Mills Limited (PSX: HMIM)'s Board of Directors has approved a major initiative aimed at reviving the company’s operations and business, which includes considering a potential merger.

In a meeting held at the company’s registered office in Karachi on October 2, 2025, the Board passed a resolution to thoroughly review and execute a revival plan.

The key component of this strategy involves a plan to "consider merger with and into a prosperous company."

The company, in a material information notice sent to the Pakistan Stock Exchange (PSX), stated that the merger is being considered to ensure it is "feasible in the best interest of the company and its shareholders."

The resolutions passed by the Board emphasize that:

1. The revival plan must be reviewed and executed only if deemed feasible and in the best interest of the company and its shareholders.

2. The said plan must be approved by the company's shareholders.

3. All applicable laws, rules, and regulations must be fully complied with throughout the process.

To facilitate the execution of these transactions, the Board has singly authorized Mr. Muhammad Sarfraz, Director/Company Secretary, to execute all necessary documents, represent the company before concerned authorities including the Securities and Exchange Commission of Pakistan (SECP), and undertake all relevant steps.

Copyright Mettis Link News