JDW to sell 243 kanals of project land in Gujrat

January 22, 2026 (MLN): JDW Sugar Mills Limited (PSX: JDWS) has sought shareholders’ approval for the disposal and sale of its entire project land measuring 243 kanals and 18 marlas located at Mouza Mangowal, Tehsil Kunjah, District Gujrat.

The approval would authorize the Board of Directors to sell the land either in parts or as a whole to prospective buyers, ensuring the transaction is carried out at the best available market price.

The proposed sale is in continuation of earlier shareholder approvals granted on December 13, 2021, January 23, 2023, January 23, 2024, and January 24, 2025and other applicable provisions.

The land, referred to as the FPML Land, will be sold subject to completion of all legal formalities, removal of encumbrances, and any pending litigation, if applicable.

The resolution empowers the Board to negotiate with potential buyers, obtain and accept offers, finalize sale transactions, and determine terms and conditions deemed to be in the best interest of the company and its shareholders, according to the company’s filing on PSX revealed today.

The Board has also been authorized to receive and utilize the entire sale consideration arising from the transaction.

In addition, the Board may execute and sign all necessary documents, including agreements to sell, sale deeds, conveyances, or any other legal instruments required to complete the transaction.

It has also been granted to represent the company before relevant government departments and authorities, including the Securities and Exchange Commission of Pakistan (SECP), Sub-Registrar offices, revenue authorities, and Punjab Land Records Authority, for obtaining and processing land-related documents.

The company secretary and chief financial officer have been authorized, jointly or severally, to ensure compliance with all procedural and regulatory requirements connected to the sale and removal of encumbrances.

The company may also undertake any ancillary or incidental actions necessary to complete the transaction.

Furthermore, the Board has been empowered to make modifications to the resolutions if required by the SECP or any other regulatory authority, without seeking further shareholder approval.

All acts and steps taken under previous approvals related to the FPML land sale have also been ratified and confirmed as lawful acts of the company.

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