Maqbool Textile Mills to lease out Rajana Road unit
MG News | July 10, 2026 at 02:06 PM GMT+05:00
July 10, 2026 (MLN): Maqbool Textile Mills Limited's (PSX:MQTM) board has
approved the proposal to lease out Unit No.3 of the company, situated at Rajana
Road, Pir Mahal, District Toba Tek Singh.
The decision was taken at the board meeting held on July 10, 2026 at
11:30 a.m.
The board also approved the finalization of terms and conditions of the
Lease Agreement and authorized Mr. Tanvir Ahmad Sheikh, Director/Chairman, and
Mr. Anis Ahmad Sheikh, Director, to negotiate, execute and sign the Lease
Agreement and all related documents on behalf of the company as Lessor.
The lease transaction is expected to optimize the utilization of the
company's assets and contribute to its operational and financial objectives.
The aforementioned information was disseminated through a
notification to Exchange.
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