December 30, 2025 (MLN): Mirpurkhas Sugar Mills Limited (PSX: MIRKS) has approved the disposal of its shareholdings in Cherat Cement Company Limited and Cherat Packaging Limited as part of efforts to reduce debt and improve liquidity.
In a notice to the Pakistan Stock Exchange (PSX), the company said its Board of Directors, through a resolution passed, approved the sale of 2.697 million shares of Cherat Cement Company Limited and 2.438 million shares of Cherat Packaging Limited in the open market.
The proposed transaction aims to strengthen the company’s financial position by easing debt obligations and enhancing liquidity.
However, the disposal is subject to final approval by shareholders at the company’s upcoming Annual General Meeting (AGM) scheduled for January 21, 2026, as required under Section 183 of the Companies Act, 2017.
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Repatriation of Profit & Dividend