Karachi: Mandviwalla Mauscr Plastic Industries Limited has released an official clarification regarding a typographical error in the Public Announcement of Offer concerning the acquisition of its ordinary shares by Mcskay & Eemice Trading Company Private Limited. The announcement, initially made on February 6, 2025, pertained to the acquisition of 21.39 million ordinary shares of Mandviwalla Abuser Plastic Industries Limited, in compliance with the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulation, 2017.

The Notice of Public Announcement of Offer was first submitted on February 3, 2025, with the Due Diligence Certificate and the Proposed Offer Letter following on February 7, 2025, to the Securities and Exchange Commission of Pakistan. A typographical error was identified in the disclaimer of the Public Announcement of Offer, which erroneously stated: "THE MANAGER TO THE OFFER HAS SUBMITTED A DUE DILIGENCE CERTIFICATE DATED: 13:6 JANUARY 2073 TO THE COMMISSION IN ACCORDANCE WITH THE SECURITIES ACT. 2013 ("THE ACV")."

The corrected statement should read: "THE MANAGER TO THE OFFER HAS SUBMITTED THE DUE DILIGENCE CERTIFICATE TO THE COMMISSION ALONG WITH THE PROPOSED OFFER LETTER ON 7:16 FEBRUARY 2023, IN ACCORDANCE WITH THE SECURITIES ACT. 2015 ("THE ACT")." This amendment accurately reflects the sequence of submissions as per regulatory requirements.

According to information available from the Pakistan Stock Exchange (PSX), the clarification was issued to address any confusion or inconvenience caused by the initial misstatement. The company has expressed regret for the typographical error and has requested that the clarification be considered an official rectification of the matter.

The designated market category for this announcement falls under the acquisition and takeover regulations, highlighting the importance of precise and accurate information in financial disclosures and regulatory compliance.