Quice shareholders back Indus Fruit merger, subject to court approval

MG News | June 23, 2026 at 02:25 PM GMT+05:00

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June 23, 2026 (MLN): Quice Food Industries Limited's (PSX:QUICE) shareholders approved a special resolution endorsing a scheme of arrangement to amalgamate and merge Indus Fruit Products Limited into Quice Food Industries, subject to the approval of the High Court of Sindh.

The resolution was passed at an Extraordinary General Meeting held in Karachi, the company's filing on PSX revealed.

Under the proposed arrangement, all assets and liabilities of Indus Fruit Products Limited would be transferred to Quice Food Industries, while shareholders of Indus Fruit Products would receive ordinary shares of Quice Food Industries in accordance with the terms of the scheme.

The scheme provides for the dissolution of Indus Fruit Products Limited without winding up, with the merged entity continuing operations under the name of Quice Food Industries Limited.

According to the extract from the meeting minutes, the draft Scheme of Arrangement was approved, adopted and agreed by shareholders, subject to the court's sanction under the relevant provisions of the Companies Act.

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