Wilmar Group takes management control of Unity Foods

MG News | March 05, 2026 at 01:25 PM GMT+05:00

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March 05, 2026 (MLN): Wilmar Group has entered a Shareholders’ Agreement dated December 21, 2025, effectively taking immediate management control of Unity Foods Limited (PSX: UNITY).

The company added that certain issues arising from the agreement are currently before the courts, limiting its ability to provide further comment.

Earlier this month, Unity Foods clarified the transfer of management control to Wilmar International, emphasizing transparency and good governance while placing relevant factual information on record in light of recent public disclosures concerning its shareholders.

Pursuant to a Shareholders' Agreement dated December 21, 2025, between Mr Farrukh Amin and Wilmar International Ltd., and resolutions passed at a duly convened meeting on December 23, 2025, management control of Unity Foods was assumed by Wilmar International with immediate effect.

Under this framework, a Wilmar International-approved Chief Executive Officer and Chief Financial Officer were appointed to lead the company, according to an official statement released by the company.

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