Sapphire Fibres gets court nod for merger with RCML
MG News | March 11, 2026 at 01:05 PM GMT+05:00
March 11, 2026 (MLN): Sapphire Fibres Limited (PSX:SFL)
has received approval from the High Court of Sindh at Karachi for its
Scheme of Amalgamation and Merger with Reliance Cotton Spinning Mills Limited (PSX:RCML).
The merger has been
sanctioned under Sections 279 to 283 of the Companies Act, 2017.
The development has been disclosed to the Pakistan Stock
Exchange Limited in accordance with Sections 96 and 131 of the Securities Act,
2015, and Clause 5.6.1 of the PSX Rule Book.
The aforementioned information was disseminated
through a notification to Exchange.
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