Nishat Chunian to wind up property subsidiary

News Image

MG News | May 22, 2026 at 01:03 PM GMT+05:00

Join our Whatsapp channel
Add Mettisglobal as a Trusted Source on Google Google
0:00

May 22, 2026 (MLN): Marking another corporate restructuring move within the group, Nishat Chunian Limited (PSX: NCL) has decided to voluntarily wind up its wholly owned subsidiary, Nishat Chunian Properties (Private) Limited.

The decision was taken during the company’s Board of Directors meeting held today, according to a notice sent to the Pakistan Stock Exchange.

The board has recommended the voluntary winding-up of the subsidiary under the Companies Act, 2017, subject to shareholders’ approval through a special resolution.

To seek shareholders’ consent, the company will convene an Extraordinary General Meeting (EOGM) on June 29, 2026, at 11:00am.

Meanwhile, the company's share transfer books will remain closed from June 22 to June 29, 2026, both days inclusive, to determine shareholders eligible to attend and vote at the meeting.

The company did not disclose the financial impact or specific rationale behind the proposed winding-up of the subsidiary.

Copyright Mettis Link News

Related News

News
PSX Closing Bell: Bulls Ring the Bell
News
PSX Closing Bell: Green Edge
News
TRG Pakistan reviewing legal options after U.S. court denies injunction
Name Price/Vol %Chg/NChg
KSE100 187,454.69
392.60M 		1.12%
2082.49
ALLSHR 113,198.59
882.68M 		1.08%
1206.74
KSE30 56,130.40
178.41M 		1.31%
725.91
KMI30 265,688.76
146.63M 		1.18%
3102.82
KMIALLSHR 72,878.09
559.84M 		1.05%
754.00
BKTi 52,878.64
56.24M 		1.68%
872.95
OGTi 38,456.53
13.67M 		1.48%
560.62
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 64,010.00 64,260.00
61,420.00 		2355.00
3.82%
BRENT CRUDE 72.16 72.61
71.02 		0.04
0.06%
RICHARDS BAY COAL MONTHLY 105.75 107.20
105.75 		-3.25
-2.98%
ROTTERDAM COAL MONTHLY 119.15 123.20
118.75 		-3.35
-2.73%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00 		0.00
0.00%
CRUDE OIL - WTI 68.73 69.26
67.82 		0.04
0.06%
SUGAR #11 WORLD 15.16 15.24
14.69 		0.31
2.09%
Chart of the Day
Latest News
July 06, 2026 at 11:44 PM GMT+05:00

Govt borrows Rs1tr debt in a week

July 06, 2026 at 11:32 PM GMT+05:00

M2 rises by Rs1tr in a week

July 06, 2026 at 10:50 PM GMT+05:00

SBP limits minimum savings return to Rs10m balances

July 06, 2026 at 07:43 PM GMT+05:00

SECP fast tracks steel sector corporatization

July 06, 2026 at 07:08 PM GMT+05:00

Tesla Q2 deliveries jump 25% YoY

Top 5 things to watch in this week
Workers' Remittances
Central Government Debt
Savings Mobilized by National Savings Schemes
International Reserves/Foreign Currency Liquidity
MTB Auction
Previous
Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg