Karachi, Sunridge Foods (Private) Limited, a wholly owned subsidiary of Unity Foods Limited, has unveiled its strategic investment plans aimed at long-term growth and expansion.

(a) The Board of Directors of Sunridge Foods has approved an investment of up to Rs. 500 million to establish a wholly owned subsidiary named "Unity Plantations (Private) Limited." The new subsidiary will focus on corporate farming and related activities, as well as import and export of agricultural produce and equipment. This move aligns with Unity Foods' vision of enhancing food security and developing an efficient farm-to-fork supply chain across the country.

(b) Additionally, Sunridge Foods will invest up to Rs. 500 million in another wholly owned subsidiary named "Unity Technologies (Private) Limited." This startup will focus on providing dynamic and innovative technology solutions related to the existing business lines of both Sunridge Foods and Unity Foods.

The strategic investments are expected to strengthen the market presence and competitiveness of the companies while fostering innovation and technological advancements in their operations. The initiatives signify Sunridge Foods' commitment to driving sustainable growth and solidifying its position as a key player in the food and technology sectors.