Maqbool Textile Mills to lease out Rajana Road unit

MG News | July 10, 2026 at 02:06 PM GMT+05:00

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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.

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